ZCCM Invs.Hldgs PLC Further Cautionary Announcement (5880L)
January 13 2021 - 9:09AM
UK Regulatory
TIDMZCC
RNS Number : 5880L
ZCCM Invs.Hldgs PLC
13 January 2021
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 Person: Natasha Nelson
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: 07 January 2021
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"]
FURTHER CAUTIONARY ANNOUNCEMENT
Shareholders of ZCCM Investments Holdings Plc ("ZCCM-IH") are
referred to the announcement dated 23 May 2019, concerning the
filing by ZCCM-IH of a petition in the High Court of Zambia for the
winding up of Konkola Copper Mines PLC ("KCM") on 21 May 2019 (the
"Petition"), the appointment by the Court of Mr Milingo Lungu as
provisional liquidator of KCM (the "Provisional Liquidator") and
the legal proceedings commenced in the High Court of South Africa
and applications made to the Zambian High Court by Vedanta
Resources Limited and Vedanta Resources Holdings Limited (together
"Vedanta").
Shareholders are informed that Vedanta appealed against the
decision of the High Court which denied them their application to
stay the liquidation proceedings and refer the matter to
arbitration. The Court of Appeal on 20 November 2020 ruled in
favour of Vedanta and stayed the liquidation proceedings and
referred the matter to arbitration.
ZCCM-IH intends to appeal against the decision of the Court of
Appeal and to stay the judgment.
ZCCM-IH will provide details on this matter, as it progresses,
in due course.
In the meantime, Shareholders of ZCCM-IH are advised to exercise
caution when dealing in securities of the Company until further
information is published.
By Order of the Board
Chabby Chabala
Company Secretary
Issued in Lusaka, Zambia on 07 January 2021
T | +260-211-232456
E | advisory@sbz.com.zm
W | www. sbz.com.zm
Stockbrokers Zambia Limited (SBZ) is a member
of the Lusaka Securities
Exchange and is regulated by the Securities
and Exchange Commission of Zambia
===============================================
First Issued on 23 May 2019
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END
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