ZCCM Invs.Hldgs PLC Further re Cautionary Announcement_KCM (3734O)
09 Junio 2022 - 09:34AM
UK Regulatory
TIDMZCC
RNS Number : 3734O
ZCCM Invs.Hldgs PLC
09 June 2022
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: 9 June 2022
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 ZCCM-IH
filing a petition in the High Court of Zambia for the winding up of
Konkola Copper Mines PLC ("KCM") on 21 May 2019 (the "Petition")
and the appointment by the Court of Mr. Milingo Lungu as
provisional liquidator of KCM (the "Provisional Liquidator") and to
the announcement dated 23 June 2021 regarding ZCCM-IH's application
for leave to appeal against the decision of the Court of appeal
which stayed the liquidation proceedings and referred the parties
to Arbitration.
Shareholders are also referred to the announcement regarding the
fact that ZCCM-IH had appealed against the said decision of the
Court of Appeal to the Supreme Court on 7 September 2021. ZCCM-IH
wishes to inform the market that the Supreme Court in a Ruling
dated 22 March 2022 declined to hear the appeal. The decision was
based on the fact that the matters that ZCCM-IH sought to have the
Supreme Court hear and determine had already been dealt with in the
Partial Final Award delivered on 7 July 2021 in Arbitration. By the
Ruling of the Supreme Court, the Court of Appeal's decision staying
the liquidation proceedings and referring the parties to
Arbitration remains unvacated.
Shareholders are also informed that on 17 March 2022, Mr.
Milingo Lungu, resigned as Provisional Liquidator. Mrs. Natasha
Kalimukwa, the Official Receiver who had assumed the role of
Provisional Liquidator by operation of law has since been replaced
by Ms. Celine Meena Nair who was appointed acting Official Receiver
on 8(th) May 2022.
ZCCM-IH will provide details on this matter 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 09 June 2022
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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June 09, 2022 10:34 ET (14:34 GMT)
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