AIM Rule 26

The following information is being disclosed for the purposes of Rule 26 of the AIM Rules for Companies.

Website last updated on 31 January 2017 in accordance with AIM Rule 26.

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.


Description of business

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The names of the directors and biographical details

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Directors’ responsibilities and corporate governance

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Board committees

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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

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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 380,625,756
% of securities not in public hands * 8.8%

* Securities not in public hands

AIM securities held, directly or indirectly (including via a related financial product) by:

  1. a related party (see definition of this further below);
  2. the trustees of any employee share scheme or pension fund established for the benefit of any directors/employees of the applicant/AIM company (or its subsidiaries);
  3. any person who under any agreement has a right to nominate a person to the board of directors of the applicant/AIM company;
  4. any person who is the subject of a lock-in agreement pursuant to rule 7 or otherwise; or
  5. the AIM company as treasury shares.

related party:

  1. any person who is a director of an AIM company or of any company which is its subsidiary or parent undertaking, other subsidiary undertaking of its parent company;
  2. a substantial shareholder;
  3. an associate of (a) or (b) being;
    1. the family of such a person;
    2. the trustees (acting as such) of any trust of which the individual or any of the individual’s family is a beneficiary or discretionary object (other than a trust which is either an occupational pension scheme as defined in regulation 3 of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, or an employees’ share scheme which
      does not, in either case, have the effect of conferring benefits on persons all or most of whom are related parties).
    3. any company in whose equity shares such a person individually or taken together with his or her family (or if a director, individually or taken together with his family and any other director of that company) are directly or indirectly interested (or have a conditional or contingent entitlement to become interested) to the extent that they are or could be able:
      • to exercise or control the exercise of 30% or more of the votes (excluding treasury shares) able to be cast at general meetings on all, or substantially all, matters; or
      • to appoint or remove directors holding a majority of voting rights at board meetings on all, or substantially all, matters;
    4. any other company which is its subsidiary undertaking, parent undertaking or subsidiary undertaking of its parent undertaking;
    5. any company whose directors are accustomed to act in accordance with (a)’s directions or instructions;
    6. any company in the capital of which (a), either alone or together with any other company within (iv) or (v) or both taken together, is (or would on the fulfilment of a condition or the occurrence of a contingency be) interested in the manner described in (iii);
  4. for the purposes of rule 13, any person who was a director of an AIM company or any of its subsidiaries, sister or parent undertakings or a substantial shareholder within the twelve months preceding the date of the transaction.

Significant shareholders

As at 30 September 2016, the Company has been advised of the following notable interests in its ordinary share capital.

Name No. of shares % of Enlarged Share Capital
CDC Group Plc 52,601,435 17.5%
M & G Investment Management 45,029,408 15.0%
National Pension Scheme Authority (Zambia) 24,979,819 8.3%
Rhodora 22,797,537 7.6%
Sussex Trust 14,000,000 4.7%
SQM Frontier Management 11,432,410 3.8%
Artio Global Investors 9,360,000 3.1%

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

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Company announcements

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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 Auditors Registrars
finnCap
60 New Broad Street
London
EC2M 1JJ
Grant Thornton LLP
5th Floor Mukuba Pension House
Dedan Kimathi Road
PO 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
PO Box 34523 Lusaka, Zambia
Musa Dudhia & Co
3rd Floor, Mpile Park
74 Independent Avenue
PO Box 31198, Lusaka, Zambia
Norton Rose LLP
3 More London Riverside
London
SE1 2AQ