RNS Number : 4598D

Zambeef Products PLC

29 June 2021

Zambeef Products plc

("Zambeef" or the "Group")

Director Dealing

Zambeef (AIM: ZAM), the fully integrated cold chain foods and retail business, with operations in Zambia, Nigeria and Ghana, announces that Mr. Frank Braeken, Non-Executive Director, sold, in aggregate, 375,000 ordinary shares with a par value of ZMW 0.01 each in the issued share capital of the Company ("Ordinary Shares") through two separate trades which occurred on 23 June 2021. The volume weighted average price of both trades combined was 8.11 pence per share.

Following the transaction, Mr. Braeken no longer holds any Ordinary Shares in the Company.

 For further information, please visit www.zambeefplc.com or 
 Zambeef Products plc                                   Tel: +260 (0) 211 369003 
 Walter Roodt 
  Faith Mukutu 
   finnCap (Nominated Adviser and Broker) Tel: +44 (0) 20 7220 
   Ed Frisby/Kate Bannatyne/Tim Harper (Corporate Finance) 
   Tim Redfern/Barney Hayward (ECM) 
   Autus Securities Limited Tel: +260 (0) 761 002 002 
 Mataka Nkhoma 

About Zambeef Products plc

Zambeef Products plc is the largest integrated cold chain food products and agribusiness company in Zambia and one of the largest in the region, involved in the primary production, processing, distribution and retailing of beef, chicken, pork, milk, eggs, dairy products, fish, flour and stockfeed, throughout Zambia and the surrounding region, as well as Nigeria and Ghana it has 236 retail outlets throughout Zambia and West Africa.

The Company is one of the largest suppliers of beef in Zambia. Five beef abattoirs and three feedlots are located throughout Zambia, with a capacity to slaughter 230,000 cattle a year. It is also one of the largest chicken and egg producers in Zambia, with a capacity of 8.8m broilers and 22.4 million day-old chicks a year. It is one of the largest piggeries, pig abattoirs and pork processing plants in Zambia, with a capacity to slaughter 75,000 pigs a year, while its dairy has a capacity of 120,000 litres per day.

The Group is also one of the largest cereal row cropping operations in Zambia, with approximately 7,787 hectares of row crops under irrigation, which are planted twice a year, and a further 8,694 hectares of rainfed/dry-land crops available for planting each year.

The notification below, made in accordance with requirements of the EU Market Abuse Regulation, provides further details.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Mr. Frank Braeken 
     -------------------------------  ---------------------------------- 
 2.   Reason for the Notification 
 a)   Position/status                  N on-Executive Director 
     -------------------------------  ---------------------------------- 
 b)   Initial notification/amendment   Initial notification 
     -------------------------------  ---------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
 a)   Name                             Zambeef Products plc 
     -------------------------------  ---------------------------------- 
 b)   LEI                              213800U7PEKOUE14NP20 
     -------------------------------  ---------------------------------- 
 4.   Details of the transaction(s):section to be repeated 
       for (i) each type of instrument; (ii) each type of 
       transaction; (iii) each date; and (iv) each place 
       where transactions have been conducted 
 a)   Description of the               Ordinary Shares of ZMW0.01 each 
       Financial instrument, 
       type of instrument 
     -------------------------------  ---------------------------------- 
      Identification code              ZM0000000201 
     -------------------------------  ---------------------------------- 
 b)   Nature of the Transaction        Sale 
     -------------------------------  ---------------------------------- 
 c)   Price(s) and volume(s)            Price(s) (p)   Volume(s) 
                                         8.00           100,000 
                                         8.15           275,000 
     -------------------------------  ---------------------------------- 
 d)   Aggregated information           As above 
       Aggregated volume 
     -------------------------------  ---------------------------------- 
 e)   Date of the transaction          23 June 2021 
     -------------------------------  ---------------------------------- 
 f)   Place of the transaction         London Stock Exchange, AIM Market 
     -------------------------------  ---------------------------------- 

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(END) Dow Jones Newswires

June 29, 2021 03:29 ET (07:29 GMT)

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