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  ZCCM company press release from 28/02/2022

  28/02/2022 - 11:50

MARKET ANNOUNCEMENT-DELAY ON ISSUANCE OF 2020 FINANCIAL STATEMENTS


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:

  1. the Lusaka Securities Exchange (“LuSE”)
  2. the Securities and Exchange Commission (“SEC”)
  3. 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: 28 February 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”]

DELAY IN RELEASING THE ZCCM-IH FINANCIAL STATEMENTS

In the past three years, many countries including Zambia have experienced challenging economic conditions exacerbated by the Covid -19 pandemic. The economic effects have been significant as evidenced in supply chain disruptions for most of Zambia's main trading partners, who have been in and out of lockdown during this period.

The aforementioned have led to a less than optimal operations of ZCCM-IH and its subsidiaries. Regrettably, this economic malaise and current restructuring processes to ensure portfolio efficiencies within ZCCM-IH has negatively impacted the issuance of our financial statements for 2020.

Going forward and with fresh impetus, the Board is committed to ensuring financial statements are issued on time in compliance with the various statutory, listing rules and regulations of the stock markets where ZCCM-IH is listed. To this effect, the 2021 financial statements will be issued by 31 March 2022.

By Order of the Board

Chabby Chabala

COMPANY SECRETARY

Issued in Lusaka, Zambia on 28 February 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 28 February 2022


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  Original Source: ZCCM