ZCCM Invs.Hldgs PLC Further re (Cautionery Announcement) (6372I)
02 Aprile 2020 - 5:02PM
UK Regulatory
TIDMZCC
RNS Number : 6372I
ZCCM Invs.Hldgs PLC
02 April 2020
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 announcements dated 23 May 2019, concerning the
filing by ZCCM-IH of a petition in the High Court of Zambia for the
winding up of Konkola Copper Mines PLC ("KCM") on 21 May 2019 (the
"Petition"), the appointment by the Court of Mr Milingo Lungu as
provisional liquidator of KCM (the "Provisional Liquidator") and
the legal proceedings commenced in the High Court of South Africa
and applications made to the Zambian High Court by Vedanta
Resources Limited and Vedanta Resources Holdings Limited (together
"Vedanta").
In compliance with the requirements of the Securities Act No. 41
of 2016, shareholders are informed that on 23 March 2020, the
tribunal appointed in arbitration proceedings commenced by Vedanta
against ZCCM-IH dismissed an application by Vedanta for an interim
measure requiring ZCCM-IH to withdraw the Petition and procure the
removal of the Provisional Liquidator from office .
ZCCM-IH will provide details of these proceedings 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 1(st) April 2020
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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