REG - Zambeef Products PLC - Notice of Death of Chairman

Zambeef ProductsAnnouncement

28/03/2024 07:00

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RNS Number : 5989I  Zambeef Products PLC  28 March 2024

 

 

ZAMBEEF PRODUCTS PLC

("Zambeef" or the "Group")

Notice of Death of Chairman

 

It is with deep sadness that the Board of Directors announces the passing away
of Mr. Michael Mundashi, Chairman of Zambeef Products plc. He passed away
during the course of the evening on 26 March 2024 due to an illness.

Mr. Mundashi was appointed to the Zambeef Products plc Board as Independent
Non-Executive Director in September 2019 and was subsequently appointed as
Chairman in December 2019. His invaluable insights and experience will be
sorely missed, and he will remain a lasting part of the Company's story.

We mourn with and pass our condolences to his family.

A further announcement will be made in due course.

 

For further information, please visit www.zambeefplc.com or contact:

 Zambeef Products plc                                           Tel:  +260 (0) 211 369003
 Faith Mukutu, Chief Executive Office
 M'boo Mumba, Chief Financial Officer
                                                                Tel: +44 (0) 20 7220 0500

 Cavendish Capital Markets Ltd (Nominated Adviser and Broker)
 Ed Frisby/Abigail Kelly (Corporate Finance)
 Tim Redfern (ECM)

 Autus Securities Limited                                       Tel: +260 (0) 761 002 002
 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 269 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 9.4m broilers and 25
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 7,924 hectares of rainfed/dry-land crops
available for planting each year.

 

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