The only listed Agribusiness company on the Lusaka Securities and Exchange has announced a change in voting rights for one of its shareholders, according to a published statement from Zambeef Plc.
According to a “CHANGE IN VOTING RIGHTS” SENS announcement issued by Company Secretary Mwansa Mutimushi, London UK based M&G Plc had its voting rights reduced to approximately 9.40% from 12.10%.
A voting right is the right of a shareholder of a corporation to vote on matters of corporate policy, including decisions on the makeup of the board of directors, issuing new securities, initiating corporate actions like mergers or acquisitions, approving dividends, and making substantial changes in the corporation’s.
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities we further disclosed in the SENS announcement and it showed no change in percentage through financial instruments for all the controlled undertakings of M&G Plc that comprised of its subsidiaries.
