There were 5 Stock Exchange News Services (SENS) announcements in week 26 on the LuSE from Zambian Breweries Plc (ZAMBREW), First Quantum Minerals Ltd. (First Quantum), Zambeef Products Plc (Zambeef), Real Estate Investments Zambia Plc (REIZ) and Puma Energy Zambia Plc (Puma).
ZAMBREW: MARKET ANNOUNCEMENT ZAMBIAN BREWERIES PLC TO INVEST US$80 MILLION IN ZAMBIA
Zambian Breweries PLC will be investing up to US$80 million in Zambia towards a ground-breaking expansion program of Zambian Breweries’ current plant infrastructure. This will be funded through a combination of company funds, as well as from new and existing facilities to cover both foreign and local currency costs. In the short term we will use existing banking facilities with local Zambian banks that are already in place at existing terms. For the future we are looking at bank funding through local Zambian banks either through Term Loans or Revolving Credit Facilities for which negotiations have commenced.
FIRST QUANTUM: FIRST QUANTUM PROVIDES NOTICE OF SECOND QUARTER 2022 RESULTS
First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) will release second quarter 2022 financial and operating results on Tuesday, July 26, 2022 after the close of the Toronto Stock Exchange. The Company will host a conference call and webcast to discuss the results on Wednesday, July 27, 2022 at 9:00am (EDT).
ZAMBEEF: CHANGE OF CHIEF EXECUTIVE DIRECTOR
The Board of Directors of Zambeef Products Plc (“the Company” or “Zambeef”) wishes to announce the appointment of Ms. Faith Misozi Mukutu as Chief Executive Officer (CEO) of the Company. The appointment comes into effect on 1st July, 2022.
REIZ: FIRST CAUTIONARY ANNOUNCEMENT
The Board of Directors of Real Estate Investments Zambia Plc (“REIZ” or the “Company”) wishes to inform shareholders, as well as other market participants that there are developments relating to the Company, the full impact of which are currently being determined, which may have an effect on the Company’s securities.
PUMA: CHANGE IN DIRECTORATE
Pursuant to section 3.59 of the LuSE Listing Requirements, the Board of Directors of Puma Energy Zambia Plc (“Puma” or the “Company”) wishes to announce the resignation of Mr. Kalunga Lutato as Company Secretary Puma effective 31 May 2022. Furthermore, the Board has appointed ESJL Corporate Advisory Limited as the Company Secretary effective 30 June 2022.