ZAMBEEF | Director resignation (LuSE)

London AIM

4.25 GBP

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Lusaka Stock Exchange

2.13 ZMW

Volume: 647

Company Details

REGISTERED OFFICE

Plot 4970, Manda Road,
Industrial Area,
Lusaka, Zambia

Tel:+260 211 369 000
Fax:+260 211 369 050

Postal Address:
Private Bag 17, Woodlands,
Lusaka, Zambia

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    24/05/2018

    ZAMBEEF | Director resignation (LuSE)

    Zambeef the fully integrated retailer, with operations in Zambia, Nigeria and Ghana, announces the resignation of Tim Pollock, Joint Chief Executive Officer of the Company, effective 31st May 2018.

    Mr Pollock is resigning for personal reasons, and will be returning to the United Kingdom to focus on the development of his agricultural investment business, AgCap Limited.

    Francis Grogan, currently Joint Chief Executive Officer, will, from 1st June 2018, lead the Company as sole Chief Executive Officer.

    Zambeef Chairman, Dr. Jacob Mwanza, commented: “The Board wishes to thank Tim for his dedication and contribution to the Company since September 2016, and wishes him well in his future endeavours.”

    For further information, please contact:

    Zambeef Products plc
    Francis Grogan, incoming sole Chief Executive Officer    		 Tel: +260 (0) 211 369003
    Pangaea Securities Limited
    Wendy N Tembo
    Tidale M Chisuka    		 Tel: +260 (0) 211 220707

    Notes to the editors

    Information on Zambeef

    The Zambeef Group is one of the largest integrated cold chain food producers in Zambia, involved in the production, processing, distribution and retailing of beef, chicken, pork, milk, eggs, dairy products, fish, flour and stock feed. The Group also has large cereal row cropping operations (principally maize, soya beans and wheat), with approximately 7,971 hectares of row crops under irrigation, which are planted twice a year and a further 8,623 hectares of rain-fed/dry-land crops available for planting each year. Further information can be found on www.zambeefplc.com

    Sponsoring Broker:


    Pangaea Securities Limited
    (Member of the Lusaka Stock Exchange)
    (Regulated by the Securities and Exchange Commission)

    Tel: +260 (211) 220 707 or 238 709 / 16 Fax +260 (211) 220 925
    Pangaea Office Park, 1st Floor, Great East Road, P.O. Box 30163 Lusaka, Zambia
    Issue Date: 24 May 2018