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  ZCCM company press release from 22/02/2022

  22/02/2022 - 20:15

ZCCM-IH Trading Statement December 2020 Results


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 Alicensed by the Securities and Exchange Commission of Zambia to provide securities advice.

ISSUED: XX 2021

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”]

TRADING STATEMENT

In accordance with Section 3.4(b) Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of ZCCM Investments Holdings Plc (the “Company” or “ZCCM-IH”) hereby advises the Shareholders of the Company that the Earnings Per Share (“EPS”) for the Group and Company for the financial year ended 31 December 2020 is expected to be approximately 594% and 273% higher respectively, than the nine (9) months financial period ended 31 December 2019.

ZCCM-IH with effect from 1st April 2019, changed its financial year end from 31st March to 31st December to comply with the provisions of section 71 of the Public Finance Management Act No. 1 of 2018.

The movement in EPS for the Group is primarily attributed to the increase of ZMW1.067 billion in share of profit of equity accounted investee companies coupled with exchange gains recorded from the Group's United States Dollars (US$) denominated assets. The movement in EPS for the company is attributed to increase in investment and net finance income.

Shareholders are advised that the information contained in this trading statement has not been reviewed or reported on by the external auditors of the Company.

The Company expects its audited Abridged Financial Results for the year ended 31 December 2020 to be released on Securities Exchange News Services (“SENS”) and published in the local press on or about 23 February 2022. Accordingly, shareholders are advised to exercise caution when dealing in the Company's securities until publication of the results.

By Order of the Board

Chabby Chabala

Company Secretary

Issued in Lusaka, Zambia on 22 February 2022

Lusaka Securities Exchange Sponsoring Broker
  T | +260-211-232456

E | [email protected]

W | www.sbz.com.zm

Stockbrokers Zambia Limited (SBZ) is a founder member of the Lusaka Securities Exchange and is regulated by the Securities and Exchange Commission of Zambia
First Issued on 22 February 2022

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  Original Source: ZCCM