REG - Zambeef Products PLC - Change in Directorate

Zambeef ProductsAnnouncement

02/08/2024 08:15

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RNS Number : 9715Y  Zambeef Products PLC  02 August 2024

 

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 is pleased to announce the
appointment of Mr. Patrick Kalifungwa as CFO and Executive Director with
effect from 1 August 2024.

 

Mr. Kalifungwa brings with him a wealth of corporate experience spanning 20
years having served as CFO (non-Board) for Minet Zambia Insurance Brokers
Limited (formerly AON Risk Solutions) since 2017. Prior to that, Mr.
Kalifungwa served as Head of Credit Risk Finance at Stanbic Bank Zambia
Limited and as a Senior Associate with KPMG Zambia.

 

Mr. Kalifungwa is a holder of a postgraduate Diploma in International Business
from the University of Greenwich and qualified as a member of the Association
of Chartered Certified Accountants (ACCA), at the Zambia Centre for
Accountancy Studies. Mr. Kalifungwa is a Fellow of the Association of
Chartered Certified Accountants and a Fellow of the Zambia Institute of
Chartered Accountants.

 

Mr. Kalifungwa is a Non-Executive Director of LIUTEBM University, Semane
Engineering Solutions Zambia Limited, Monter Capital Partnership Limited and
Kilimanjaro Country Lodge. He is also a Trustee of The Other Side Foundation.

 

The Board is pleased to welcome Mr. Kalifungwa and is confident that he will
add immeasurable value to Zambeef.

 

 

 

 

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 Office

 Autus Securities Limited (Sponsoring Broker)                                                        Tel:

                                                              +260 (0) 211 840 513
 Mataka Nkhoma (Sponsoring Broker)

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

 

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

 Full name:                                                    Patrick Kunda Kalifungwa
 Age:                                                          44
 Shareholding in the Company:                                  No shares held
 Current directorships and partnerships:                       Livingstone International University of Tourism Excellence and Business
                                                               Management Limited (also known as Liutebm University)
                                                               Kilimanjaro Country Lodge
                                                               Monter Capital Partnership Limited
                                                               Semane Engineering Solutions Zambia Limited
 Historic directorships and partnerships in previous 5 years:  None

 

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.

 

 

Notes to Editors

 

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 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 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 7,265 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.

 

 

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