REG - Zambeef Products PLC - Directorate Change

Zambeef ProductsAnnouncement

09/04/2024 08:00

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RNS Number : 7615J  Zambeef Products PLC  09 April 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, 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:

 

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

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

 Tim Redfern (ECM)

 Autus Securities Limited                                      Tel: +260 (211) 840 513
 Mataka Nkhoma

 

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.

 

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