There were 5 Stock Exchange News Services (SENS) announcements in week 48 on the LuSE; 1 from Zambeef Plc (ZAMBEEF); 1 from Real Estate Investments Zambia Plc (REIZ); 1 from ZANACO(ZANACO);1 from Copperbelt Energy (CEC) and 1 from ZCCM Investment Holdings (ZCCM-IH).
ZAMBEEF – FY 2022 FINANCIAL RESULTS
Performance Overview
The financial year ended 30 September 2022 saw macroeconomic fundamentals stabilise. The exchange rate remained largely stable and the inflation rate steadily reduced. However, constrained consumer spending negatively impacted volume growth in our Retail and Cold Chain Food Products, particularly in the first half of the financial year. The period saw an escalation in key input prices such as fuel, chemicals, and fertiliser which impacted margins. In addition, the Group saw outbreaks of contagious bovine pleuropneumonia (CBPP) and African swine fever (ASF), which respectively impacted our beef and pork divisions.
Despite these headwinds, performance in Cropping, Milling, and Stockfeed enabled the Group to achieve normalised EBITDA* in line with market expectations owing to high grain prices, market share gains, and cost containment.
REIZ – 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 the company’s securities.
ZANACO – CHANGE IN DIRECTORATE
Zambeef (AIM: ZAM), the fully integrated cold chain foods and retail business with operations in Zambia, Nigeria and Ghana, wishes to announce the resignation of Mr Walter Roodt as Executive Director of the Board, effective 1 December 2022. He will continue as an employee of the Group in his role as Strategic Projects and Large Livestock Director.
CEC – CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the cautionary announcement dated 15 December 2021 issued by the CEC Africa Investments Limited (“CECA” or the “Company”) informing the market of the developments in Nigeria in relation to the purported takeover of Abuja Electricity Distribution Plc (“AEDC”) by the Bureau of Public Enterprise (“BPE”).
ZCCM IH – AGM POSTPONEMENT ANNOUNCEMENT
This notice serves to inform the shareholders that the Company intends to postpone the 18th Annual General Meeting (“AGM”) that was initially scheduled to be held virtually and physically at Mulungushi International Conference Centre on Tuesday,15th November 2022 to Friday, 9 December 2022 at 10:00 hours at the same venue and virtually.