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Cautionary Announcement on Mopani Mines

15th Oct 2020 18:12

RNS Number : 2646C
ZCCM Invs.Hldgs PLC
15 October 2020
 

 

 

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"]

 

FIRST CAUTIONARY ANNOUNCEMENT

 

The Board of ZCCM Investments Holdings Plc ("the Board") ("ZCCM-IH" or "the Company") wishes to advise Shareholders and the market that the Company is in discussions with Glencore Finance (Bermuda) Ltd regarding the future of Mopani Copper Mines Plc ("Mopani"). Glencore Finance is the major shareholder of Carlisa Investments Corporation which in turn is the majority shareholder of Mopani. The circumstances relating to the Company and the full impact of the discussions are currently being determined and may have a material effect on the price of the Company's securities.

 

Accordingly, Shareholders are advised to exercise caution when dealing in the Company's securities until a full announcement is made.

 

 

 

By Order of the Board

 

Chabby Chabala

Company Secretary

 

Issued in Lusaka, Zambia on Friday, 4th September 2020

 

T | +260-211-232456

 

E | [email protected]

 

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 4 September 2020

 

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