ZAMBEEF PRODUCTS
PLC
("Zambeef" or the
"Group")
Change in
Directorate
Zambeef (AIM: ZAM), the fully
integrated cold chain foods and retail business with operations in
Zambia, Nigeria and Ghana, wishes to announce the appointment of
Ms. Monica Musonda as interim Chairperson of the Board of
Directors.
Ms. Musonda was appointed to the
Zambeef Products plc Board as Independent Non-Executive Director in
March 2021.
The Board of Directors also wishes
to announce the resignation of Mr. Roman Frenkel (Non-Executive
Director) with immediate effect. Mr. Frenkel has served as
Non-Executive Director for the past 3 years, since March
2021. He leaves the Board due to a volume
of other work commitments at the British International Investment
plc ("BII"). BII continues to be represented on the Board by Dr.
John Rich (Non-Executive Director).
The Board wishes to thank Mr.
Frenkel for his immense contributions to the Company over the past
few years and wishes him continued success in his future
endeavours.
For
further information, please visit www.zambeefplc.com or
contact:
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Zambeef Products plc
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Tel: +260
(0) 211 369003
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Faith Mukutu, Chief Executive
Officer
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Mboo Mumba, Chief Financial
Officer
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Cavendish Capital Markets Ltd (Nominated Adviser and
Broker)
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Tel: +44
(0) 20 7220 0500
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Ed Frisby/Abigail Kelly (Corporate
Finance)
Tim Redfern (ECM)
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Autus Securities Limited
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Tel: +260
(211) 840 513
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Mataka Nkhoma
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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 chickens and egg
producers in Zambia, with a capacity of 9.48 million broilers and
25.4 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 102,000 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 7,265
hectares of row crops under irrigation, which are planted twice a
year, and a further 8,000 hectares of rainfed/dry-land crops
available for planting each year.