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
Authorized by: Charles Mjumphi - 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 Person: Amon Chizola
Contact Number: +260-211-232456
Website: www.sbz.com.zm
APPROVAL
The captioned Notice or Announcement has been approved by:
- the Lusaka Securities Exchange ("LuSE")
- the Securities and Exchange Commission ("SEC")
- ZCCM Investments Holdings Plc ( "ZCCM IH")
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: 19 May 2025 |
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"]
FURTHER CAUTIONARY ANNOUNCEMENT
Confidential Arbitration Proceedings between Trafigura Pte Limited ("Trafigura") and ZCCM Investments Holdings Plc ("ZCCM-IH" or "the Company")
Further to the cautionary announcement dated 31 March 2025 issued by ZCCM Investments Holdings Plc ("ZCCM-IH" or "the Company") in relation to arbitration proceedings instituted by Trafigura Pte Limited ("Trafigura") against the Company.
Shareholders of ZCCM-IH are advised that, pursuant to a guarantee signed by ZCCM-IH's then CEO in favour of Trafigura on 28 July 2021 ("Guarantee"), on 24 February 2024 Trafigura filed a request for arbitration against ZCCM-IH (as respondent) brought under the London Court of International Arbitration Rules 2020. These arbitration proceedings are strictly confidential as between the parties.
The arbitration proceedings follow a demand for payment made by Trafigura on 21 November 2023 pursuant to the Guarantee. The Guarantee was signed as security for a ZMW1,663 million (US$100 million) prepayment agreement between Trafigura and Konkola Copper Mines Plc, in which ZCCM-IH is a shareholder.
ZCCM-IH is contesting the claims robustly.
The matter is yet to be determined and may be of a price sensitive nature. Shareholders will be updated as the case progresses.
Accordingly, shareholders of ZCCM-IH and members of the investing public are advised to continue exercising caution when dealing in securities of the Company until further information is published. They should obtain independent professional advice if they have any queries or concerns about any of the contents or subject matter of this announcement.
By Order of the Board
Charles Mjumphi
Company Secretary
Issued in Lusaka, Zambia on 19 May 2025
| 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 founder member of the Lusaka Securities Exchange and is regulated by the Securities and Exchange Commission of Zambia | |
| FIRST ISSUED: 31 March 2025 | |
- SECURITY MASTER Key: mGpslpeXkmqalp1raZqZnGRqb2yUxmPHbGSbxpKaapfKaGpgl2plbpyWZnJinGxu
- Check this key: https://www.security-master-key.com.
https://www.actusnews.com/documents_communiques/ACTUS-0-91778-zccm-ih-further-cautionary-announcement-_-arbitration-proceedings-05.16.2025.pdf
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