SENS ANNOUNCEMENT
(the “Notice” or “Announcement”)
ISSUER
ZCCM INVESTMENTS HOLDINGS PLC (“ZCCM-IH”)
[Incorporated in the Republic of Zambia]
Company registration number: 119540000771
Share Code: ZCCM-IH
ISIN: ZM0000000037
Authorised by: Chabby Chabala – Company Secretary
SPONSOR
Stockbrokers Zambia Limited
[Founder Member of the Lusaka Securities Exchange]
[Regulated and licensed by the Securities and Exchange Commission of Zambia]
Contact Number: +260-211-232456
Website: www.sbz.com.zm
APPROVAL
The captioned Notice or Announcement has been approved by:
- the Lusaka Securities Exchange (“LuSE”)
- the Securities and Exchange Commission (“SEC”)
- Stockbrokers Zambia Limited (“SBZ”)
RISK WARNING
The Notice or Announcement contained herein contains information that may be of a price-sensitive nature.
Investors are advised to seek the advice of their investment advisor, stockbroker, or any professional duly licensed by the Securities and Exchange Commission of Zambia to provide securities advice.
ISSUED: 26 July 2022
ZCCM INVESTMENTS HOLDINGS PLC
[Incorporated in the Republic of Zambia]
Company registration number: 771
Share Code: ZCCM-IH
ISIN: ZM0000000037
[“ZCCM-IH” or “the Company”]
TRANSACTION ANNOUNCEMENT
The Board wishes to inform the shareholders and the market that ZCCM Investments Holdings Plc (“ ZCCM-IH ” or “the Company ”), has agreed to provide Corporate Guarantees to Atlas Mara Bank for the amount of USD 15 million (the “ Transaction ”).
In line with the requirements of Section 9 of the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the key features of the Transaction are as follows:
| Particulars of the Transaction | The provision of USD 15 million Corporate Guarantees Atlas Mara by ZCCM-IH for the provision of a Letter of Credit and Working Capital to Mopani Copper Mines Plc (“ MCM ”). |
| Guaranteed Amount |
|
| Other significant terms of the Transaction |
Provision of USD 15 million Corporate Guarantee to Atlas Mara comprising:
|
| Effective Date | 22 June 2022 |
| Rationale for the Transaction |
The support of ZCCM-IH to the operations of MCM is quite critical at this juncture. MCM needs working capital urgently in order to address the following issues:
|
By Order of the Board
Chabby Chabala
COMPANY SECRETARY
Issued in Lusaka, Zambia on 26 July 2022
| Lusaka Securities Exchange Sponsoring Broker | |
|
T |
+260-211-232456
E | advisory@sbz.com.zm W | www. sbz.com.zm Stockbrokers Zambia Limited (SBZ) is a member of the Lusaka Securities Exchange and is regulated by the Securities and Exchange Commission of Zambia. |
|
First Issued on 26 July 2022
- SECURITY MASTER Key: ym5rk52aZmrJmZ5pl5ZqamNqa29pl2Sba5PGxmedmJvKmnKUlW5maZSWZnBmnGds
- Check this key: https://www.security-master-key.com .
Regulated information:
Inside Information:
- other releases
Full and original press release in PDF: https://www.actusnews.com/news/75726-zccm-ih-atlas-mara-corporate-guarantee-transaction-sens-26072022.pdf
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