There were 4 Stock Exchange News Services (SENS) announcements in week 32 on the LuSE from Real Estate Investments Zambia PLC (REIZ), Zambia Forestry and Forest Industries PLC (ZAFFICO), British American Tobacco (ZAMBIA) PLC (BATZ) and Chilanga Cement PLC (formerly LAFARGE ZAMBIA PLC).
REIZ: FIRST CAUTIONARY ANNOUNCEMENT
Further to the cautionary announcement dated 30 June 2022 shareholders are advised by the Board of Directors of Real Estate Investments Zambia Plc (“REIZ” or the “Company”) that the full impact of the new developments are still being determined, and that these new developments may have a material effect on the price of then company’s securities.
ZAFFICO: CHANGES TO BOARD
In compliance with Section 3.59 of the Lusaka Securities Exchange Listing Rules (“LuSE Rules”), ZAFFICO hereby wishes to inform its shareholders that Mr. Chanza K. Sikazwe separated from the Corporation on the 31st of July, 2022. Mr. Sikazwe is therefore no longer serving as Corporation Secretary for ZAFFICO.
The Board has in the interim appointed the Legal Counsel, Mr. Mulawo Mwaba to act as Corporation Secretary.
BATZ: TRADING STATEMENT
The Board of Directors of British American Tobacco (Zambia) Plc (“the Board”) wishes to advise the Shareholders that for the period ending 30 June 2022, the basic earnings per share is expected to be between 60% higher than that of the corresponding period last year for both the group and for the Company.
This increase is due to the implementation of an optimal pricing strategy, improved sales mix, and improved operational efficiencies.
CHILANGA CEMENT: CHANGE IN DIRECTORATE
According to section 3.59 of the LuSE Listing Requirements, the Board of Directors of Chilanga Cement Plc (“the Board”) wishes to announce the appointment of Mr. Xu Gang and Mr. Qian Chen as new Directors of the Board effective 06th August 2022.