AIM Rule 26
The following information is being disclosed for the purposes of Rule 26 of the AIM Rules for Companies.
Note: Zambeef Products PLC is incorporated under the laws of Zambia and the rights of its shareholders are governed by the Zambian Law and may be different from the rights of shareholders in a UK incorporated company.
The Company is subject to Zambian law and procedure relating to Takeovers and Mergers contained in the Securities Act No. 41 of 2016.
Description of business
Corporate Governance
Zambeef Corporate Governance Handbook – 2019
Zambeef Corporate Governance – 2019a
a The Corporate Governance Statement was last reviewed on December 9, 2019
Board of Directors
Board committees
Country of incorporation and main country of operation
Zambeef Products PLC (Zambeef) is incorporated and domiciled in Zambia. Its main operations are in Zambia.
Current constitutional documents
Details of any other exchanges or trading platforms
| Sector | : Food Products |
| Listings – London: London Stock Exchange (LSE) – Listing date – Lusaka: Lusaka Stock Exchange (LuSE) – Listing date |
Info : AIM Market of the LSE (AIM) : 23 June 2011 : LuSE : 7 February 2003 |
| ISIN code | ZM0000000201 |
| TIDM Code/AIM Symbol | ZAM |
| SEDOL | B4NZFZ9 |
| LuSE stock name | ZAMBEEF |
| Reuters | ZAMB.LZ |
| Bloomberg | ZAMBEEF:ZL |
| No. of Ordinary Shares in issue | 300,579,590 |
| No. of Convertible Redeemable Preference Shares in issue | 100,057,658 |
| Total no. of voting rights | 380,625,755 |
| % of securities not in public hands * | 51.8% |
* As per the AIM Rules for Companies
Significant shareholders
As at 30 September 2020, the Company has been advised of the following notable interests in its ordinary share capital.
| Name | Current Position | % of Shareholding |
|---|---|---|
| CDC Group Plc | 52,601,435 | 17.5% |
| M & G Investment Management | 46,304,408 | 15.4% |
| Africa Life | 42,709,562 | 14.2% |
| National Pension Scheme Authority (Zambia) | 24,797,819 | 8.2% |
| Sussex Trust | 14,000,000 | 4.7% |
| Eastspring Investment | 11,995,062 | 4.0% |
| SBM Securities | 10,948,691 | 3.6% |
CDC Group Plc are also the holders of 100,057,658 convertible redeemable preference shares. These preference shares have four voting rights for every five preference shares held, resulting in CDC Group Plc having 34.85% of the voting rights.
Details of any restrictions on the transfer of securities
None.
If any shareholder wishes to move their shares between the Lusaka and AIM stock markets they should contact their Broker who will be able to facilitate such a move on their behalf.
Financial information
Company announcements
Advisers
| Nominated and Financial Adviser | Financial Public Relations | Depository |
|---|---|---|
| Strand Hanson Ltd 26 Mount Row London, W1K 3SQ |
Powerscourt 1 Tudor Street London, EC4Y 0AH |
Computershare Investor Services The Pavilions, Bridgewater Road Bristol BS99 6ZZ, United Kingdom |
| Broker (UK) | Auditors | Registrars |
| finnCap 60 New Broad Street London, EC2M 1JJ |
Grant Thornton LLP 5th Floor Mukuba Pension House Dedan Kimathi Road P.O. Box 30885, Lusaka, Zambia |
Computershare Investor Services (Jersey) Ltd Queensway House, Hilgrove Street St Helier, Jersey JE1 1ES |
| Central Securities Depository (Zambia) | Solicitor to Co. on matters of Zambian law | Solicitor to Co. on matters of English law |
| Lusaka Stock Exchange Limited Exchange Building Central Park, Cairo Road P.O. Box 34523, Lusaka, Zambia |
Musa Dudhia & Co 3rd Floor, Mpile Park 74 Independent Avenue P.O. Box 31198, Lusaka, Zambia |
Fieldfisher Riverbank House 2 Swan Lane London, EC4R 3TT |
| Broker (Zambia) | ||
| Pangaea Securities 1st Floor, Pangaea Office Park Great East Road P.O. Box 30163, Lusaka, Zambia |
