REG - Zambeef Products PLC - Further Cautionary Announcement

Zambeef ProductsAnnouncement

18/08/2025 10:00

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RNS Number : 7206V  Zambeef Products PLC  18 August 2025

 

 

ZAMBEEF PRODUCTS PLC

[Incorporated in the Republic of Zambia]

Company registration number: 31824

Share Code: ZAMBEEF

ISIN: ZM0000000201

 

                              Further Cautionary Announcement

 

Further to the Cautionary Announcement dated 16 September 2024, and subsequent
cautionary announcements on the same subject matter, the latest being on 4
July 2025, and in accordance with the Lusaka Securities Exchange ("LuSE")
Listings Requirements, shareholders are advised that in 2016 British
International Investment plc ("BII"), formally CDC Group Plc, acquired 52.6
million ordinary shares and 100,057,658 convertible redeemable preference
shares ("Preference Shares") in Zambeef Products plc. The details of the
transaction are as set out in the Company's announcement of 4 August 2016, and
in the Investment Agreement which can be found on the Company's website.

 

16 September 2024 was the eighth anniversary of BII's investment in the
Company. After this date BII's conversion rights on their Preference Shares
increased from a one-for-one new ordinary share, to a one for 3.0833
(recurring) new ordinary shares. A conversion of BII's preference shares into
ordinary shares may have a material effect on the price of the Company's
securities. Accordingly, shareholders are advised to exercise caution when
dealing in the Company's securities.

 

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

 

Zambeef Products
plc

Faith Mukutu, Chief Executive Office
 
Tel: +260 (0) 211 369003

Patrick Kalifungwa, Chief Financial Officer

 

Autus Securities Limited (Sponsoring Broker)

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

 
 

Cavendish Capital Markets Ltd (Nominated Adviser and
Broker)

Ed Frisby/Isaac Hooper (Corporate Finance)
 
            Tel: +44 (0) 20 7220 0500

Tim Redfern (ECM)

 

By order of the Board

Mwansa Mutimushi Company Secretary

 

 

 

 

 

 

 

 

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 10.6 million broilers and 31.2 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.

 

Issued in Lusaka, Zambia on 15 August 2025

 

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