REG - Zambeef Products PLC - Directorate Change

Zambeef ProductsAnnouncement

01/12/2022 12:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221201:nRSA2831Ia&default-theme=true

RNS Number : 2831I  Zambeef Products PLC  01 December 2022

 

Zambeef Products plc

("Zambeef", the "Company" or the "Group")

Directorate Change

 

Zambeef (AIM: ZAM), the fully integrated cold chain foods and retail business
with operations in Zambia, Nigeria and Ghana, wishes to announce the
resignation of Mr Walter Roodt as Executive Director of the Board, effective 1
December 2022. He will continue as an employee of the Group in his role as
Strategic Projects and Large Livestock Director.

 

Mr. Roodt served as an Executive Director on the Board for the past three
years since 1 March 2019.

 

The Board wishes to thank Mr. Roodt for his contribution to the Board and over
the past years and wishes him continued success as he continues to serve the
Company as an employee.

 

Further, on 22 November, 2022 the Company announced the appointment of Mr.
M'boo Mumba as Chief Financial Officer (CFO), effective 1 December 2022. The
Company advised that it is also intended that M'boo will become a Director of
Zambeef and joining the Board subject to the satisfactory completion of the
required AIM regulatory due diligence. The Board now wishes to announce his
appointment as a member of the Directors of the Board with immediate effect.

 

Chairman, Mr. Michael Mundashi SC. said "We are pleased at the addition of
M'boo to the Board. He not only brings his strong leadership skills, business
agility, and dynamism to the role he assumes as CFO and Director, but also
strategic expertise from his more than 16 years of combined industry,
financial, and banking experience roles including Corporate Banking at
Standard Chartered Bank Zambia Plc and as CFO for Community Markets for
Conservation (the commercial business for the Wild Life Conservation Society
in Zambia.)"

 

M'boo holds a Bachelor of Accounting degree from the Copperbelt University and
is an ACCA professional.

 

For further information, please visit www.zambeefplc.com
(http://www.zambeefplc.com/)  or contact:

 

 Zambeef Products plc                         Tel:  +260 (0) 211 369003
 Faith Mukutu , Chief Executive Officer
 M'boo Mumba, Chief Financial Officer

 finnCap Ltd (Nominated Adviser and Broker)   Tel: +44 (0) 20 7220 0500
 Ed Frisby/Abigail Kelly (Corporate Finance)
 Tim Redfern/Barney Hayward (ECM)

 Autus Securities Limited                     Tel: +260 (0) 761 002 002
 Mataka Nkhoma

 

INFORMATION REQUIRED UNDER RULE 17 AND SCHEDULE 2, PARAGRAPH (G) OF THE AIM
RULES FOR COMPANIES ("AIM RULES")

 Full name:                                                    M'boo (John) Mumba
 Age:                                                          43
 Current directorships and partnerships:                       Zam Chick Ltd

                                                               Zamhatch Ltd

                                                               St. Ignatius College
 Historic directorships and partnerships in previous 5 years:  Standard Chartered Bank Zambia Staff Pension Fund

 

There is no further information to be disclosed in relation to the director
appointment pursuant to Rule 17 and Schedule 2, paragraph (g) of the AIM
Rules.

 

 

By Order of the Board

 

Mwansa M Mutimushi

COMPANY SECRETARY

 

 

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, 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
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.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAUPGCCPUPPGGG