TIDMZCC
RNS Number : 7757R
ZCCM Invs.Hldgs PLC
10 March 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 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 March 2021
ZCCM INVESTMENTS HOLDINGS PLC
[Incorporated in the Republic of Zambia]
Company registration number: 119540000771
Share Code: ZCCM-IH
ISIN: ZM0000000037
["ZCCM-IH" or the "Company"]
NOTICE OF EXTRAORDINARY GENERAL MEETING
Notice is hereby given that the Extraordinary Meeting of the
Shareholders of ZCCM Investments Holdings Plc will be held
virtually on https://eagm.creg.co.zw/eagm/login.aspx on Tuesday 30
March 2021 at 10:00 hours.
The Extraordinary Meeting is convened by ZCCM-IH to seek its
Shareholders' approval for the Transaction whereby it will acquire
90% of the issued shares of Mopani Copper Mines Plc ("Mopani")
(being all of the issued shares in Mopani which it currently does
not own) from Carlisa Investments Corporation ("Carlisa") ("the
Transaction") and enter into the following Transaction
Agreements:
o an uncommitted term facility agreement between Mopani as
borrower, Glencore International AG ("GIAG') as lender and the
Company as guarantor originally dated 25 July 2013, as amended
pursuant to the Transaction;
o an uncommitted term facility agreement between Mopani as
borrower, Carlisa as lender and the Company as guarantor originally
dated 31 March 2000, as amended pursuant to the Transaction;
o an assignment, capitalisation, amendment and restatement
agreement between GIAG as original lender, Glencore Finance
(Bermuda) Ltd ("GFB") as assignor, the Company as guarantor and
Mopani as borrower, appending the GIAG Facility Agreement;
o an amendment and restatement agreement between Carlisa as
original lender, GIAG, First Quantum Minerals Ltd, the Company as
guarantor and Mopani as borrower, appending the Carlisa Facility
Agreement;
o an amendment and restatement of deed of priority between GIAG, Carlisa, GFB and Mopani;
o a Zambia law governed security agreement between Mopani and
GIAG granting a first ranking fixed and floating charge over all of
the assets and undertaking of Mopani;
o the Share Pledge Agreement between GIAG, Mopani and the
Company as chargor, granted in favour of GIAG by the Company
granting security over all the issued share capital of Mopani and
securing existing debt owed to GIAG;
o the Glencore Offtake Agreements between Mopani, the Carlisa
and the GIAG for the supply of 100% of the Copper produced by
Mopani; and
o a transitional services agreement between GIAG, Mopani and the
Company relating to the provision of certain services by GIAG in
respect of the operations of Mopani;
substantially on the terms and conditions as set out in the
circular to shareholders of the Company dated 9th March 2021 (the
"Circular") outlining the Transaction, of which this notice
convening the general meeting forms part. The Circular
includes:
o Salient terms of the Transaction;.
o A Competent Persons Report prepared by an independent consultant; and
o An Independent Reporting Accountants Report.
The Circular will be distributed to shareholders physically or
electronically from Tuesday, 9 March 2021. The Circular will also
be available from Tuesday 9 March 2021 until 30 March 2021 at 10:00
hours at the following offices: ZCCM-IH, ZCCM-IH Office Park, Stand
No. 16806, Alick Nkhata Road, Mass Media Complex Area, Lusaka,
Corpserve Transfer Agents Limited, 6 Mwaleshi Road, Olympia Park,
Lusaka and Stockbrokers Zambia Limited, 32 Lubu Road, Longacres,
Lusaka.
As a Category 1 transaction under the LuSE Listing Rules,
Shareholder approval is required for the Transaction.
At the EGM Shareholders will consider the proposed Transaction,
and if deemed appropriate, pass the proposed ordinary resolution
below:
THAT the Transaction be and is hereby approved and the directors
of the Company (the "Directors") be and are hereby authorised
to:
a. do or procure to be done all such acts and things as they
consider necessary, expedient or appropriate in connection with the
Transaction and this resolution (including for the purpose of
obtaining any approval, consent, clearance or permission that is a
condition to the Transaction or that the Directors consider
necessary or expedient); and
b. to agree such modifications, variations, revisions, waivers
or amendments to the terms and conditions of the Transaction
(provided that such modifications, variations, revisions, waivers
or amendments are not of a material nature), to any documents, and
arrangements relating thereto, as the Directors may, in their
absolute discretion, think fit.
Notes:
All shareholders are encouraged to make arrangements to
participate in the Extraordinary Meeting through the eAGM link
provided.
i. The proceedings of the Meeting will be streamed live through
the following link, and shareholders are required to Sign Up in
advance.
https://eagm.creg.co.zw/eagm/login.aspx
ii. Shareholders and proxies are requested to Sign Up now.
Please sign up onto the link with the credentials that shall be
forwarded to you via email and phone.
The key steps to follow are as given below:
a. Sign up on the ("eAGM platform") given.
b. Log into the ("eAGM platform") and register to attend the meeting on the day of the meeting
iii. To sign up for the Meeting, a shareholder must have a
working email and an active cell phone number.
iv. The window for signing up for the Meeting shall be open on
Tuesday, 09(th) March 2021 and automatically close at the
commencement of the Meeting on Tuesday, 30(th) March 2021 at 10:00
hours. Registration will commence at 08:00 hours on the day of the
meeting. A shareholder who does not register before the start of
the meeting will not be able to do so when the meeting starts.
v. After registering, a shareholder will be allowed to join the
meeting.
vi. The voting at the Extraordinary Meeting will be conducted electronically on https://eagm.creg.co.zw/eagm/login.aspx .
vii. To fully participate in the AGM, a shareholder must have a
reliable internet connection.
viii. Queries on how to log into the Meeting, registration or on
the voting process can be channelled to the Corpserve Transfer
Agents on info@corpservezambia.com.zm or
james@Corpservezambia.com.zm : Or phone 0950968435, 0955899375,
0979946143
ix. A member entitled to attend and vote at the meeting is
entitled to appoint any person (whether a member of the Company or
not) to attend and to vote in his/her stead. A Proxy form has been
included in the Circular and is available on the Company website
www.zccm-ih.com.zm. The completed Proxy Form must be lodged at the
Registered Office of the Company, ZCCM-IH Office Park, Stand No.
16806, Alick Nkhata Road, P.O .Box 30048, Lusaka or emailed to
corporate@zccm-ih.com.zm before the commencement of the EGM.
By Order of the Board
Chabby Chabala
Company Secretary
Issued in Lusaka, Zambia on 9 March 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 9
March
2021
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END
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March 10, 2021 03:52 ET (08:52 GMT)
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