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

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Corporate Governance

Zambeef Corporate Governance Handbook – 2023
Zambeef Corporate Governance Report – 2023a
a The Corporate Governance Statement was last reviewed on 7 July, 2023

Board of Directors

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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
– London: London Stock Exchange (LSE)
– Listing date
– Lusaka: Lusaka Securities Exchange (LuSE)
– Listing date
AIM Market of the LSE (AIM)
: 23 June 2011
: 7 February 2003
ISIN code  ZM0000000201
TIDM Code/AIM Symbol  ZAM
LuSE stock name  ZAMBEEF
Reuters  ZAMB.LZ
Bloomberg ZAMBEEF:ZL
No. of Ordinary Shares in issue 300,579,630
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 2023, the Company has been advised of the following notable interests in its ordinary share capital.

Name Current Position % of Shareholding
CDC Group 52,601,435 17.26%
Africa Life 40,005,567 13.13%
First Equity, stockbrokers 25,487,323 8.36%
National Pension Scheme Authority (Zambia) 24,797,819 8.14%
Krohne Capital 18,979,405 6.23%
SBM Securities 15,925,191 5.23%
Sussex Trust 14,000,000 4.59%
Eastspring Investment 11,995,062 3.94%
Individuals 10,185,019 3.34%
Rhodora/Mr Adam Fleming 8,639,374 2.83%

BII Plc are also the holders of 100,057,658 convertible redeemable preference shares. These shares have four voting rights for every five preference shares held resulting in BII having 34.8% of the voting rights.

Details of any restrictions on the transfer of securities


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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Nominated and Financial Adviser Financial Public Relations Depository
One Bartholomew Close
London, EC1A 7BL
One Bartholomew Close
London, EC1A 7BL
Computershare Investor Services
The Pavilions, Bridgewater Road
Bristol BS99 6ZZ, United Kingdom
Broker (UK) Auditors Registrars
One Bartholomew Close
London, EC1A 7BL
PwC Zambia
PwC Place, Stand No 2374,
Thabo Mbeki Road, 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 Securities Exchange Plc
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
Riverbank House
2 Swan Lane
London, EC4R 3TT
Broker (Zambia)
Autus Securities Limited
34 Khola Road
Lusaka, Zambia

N.B. This page was last updated on 28 June 2023