ZCCM Invs.Hldgs PLC ZCCM-IH Acquires additional 50% Shares in Kariba (4485I)
November 26 2018 - 2:00AM
UK Regulatory
TIDMZCC
RNS Number : 4485I
ZCCM Invs.Hldgs PLC
26 November 2018
SENS ANNOUNCEMENT
(the "Notice" or "Announcement")
ISSUER
ZCCM INVESTMENTS HOLDINGS PLC ("ZCCM-IH")
[Incorporated in the Republic of Zambia]
Company registration number: 119540000771
Share Code: ZCCM-IH
ISIN: ZM0000000037
Authorised by: Chabby Chabala - Company Secretary
SPONSOR
Stockbrokers Zambia Limited
[Founder Member of the Lusaka Securities Exchange]
[Regulated and licensed by the Securities and Exchange
Commission of Zambia]
Contact Number: +260-211-232456
Website: www.sbz.com.zm
APPROVAL
The captioned Notice or Announcement has been approved by:
i. the Lusaka Securities Exchange ("LuSE")
ii. the Securities and Exchange Commission ("SEC")
iii. Stockbrokers Zambia Limited ("SBZ")
RISK WARNING
The Notice or Announcement contained herein contains information
that may be of a price sensitive nature.
Investors are advised to seek the advice of their investment
advisor, stockbroker, or any professional duly licensed by the
Securities and Exchange Commission of Zambia to provide securities
advice.
ISSUED: 23 November 2018
ZCCM INVESTMENTS HOLDINGS PLC
[Incorporated in the Republic of Zambia]
Company registration number: 771
Share Code: ZCCM-IH
ISIN: ZM0000000037
["ZCCM-IH" or "the Company"]
MARKET UPDATE
ZCCM Investments Holdings PLC Acquires additional 50% Shares in
Kariba Minerals Limited
On 7(th) November 2018, ZCCM Investments Holdings Plc (ZCCM-IH)
acquired an additional 50% shareholding in Kariba Minerals Limited
(KML) which is Zambia's largest Amethyst mine. This acquisition
means that ZCCM-IH now owns 100% shares in KML. The shares were
acquired from Gemfields Limited at a total consideration of
US$2,500,000. The completion of the transaction is subject to
regulatory approvals.
Going forward, ZCCM-IH will implement a robust strategic plan
aimed at improving production, processing and marketing activities
in order to increase profitability of the mine.
By Order of the Board
Chabby Chabala
COMPANY SECRETARY
Issued in Lusaka, Zambia on Friday, 23(nd) November 2018
Lusaka Securities Exchange Sponsoring Broker
==================================================
T | +260-211-232456
E | advisory@sbz.com.zm
W | www.sbz.com.zm
Stockbrokers Zambia Limited (SBZ) is a founder
member of the Lusaka Securities Exchange and
is regulated by the Securities and Exchange
Commission of Zambia
================================================
First Issued on 23 November, 2018
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END
ACQPGGBAGUPRUAQ
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