Shareholders of ZCCM Investments Holdings Plc (“ZCCM-IH”) are referred to the announcement dated 23 May 2019 concerning ZCCM-IH filing a petition in the High Court of Zambia for the winding up of Konkola Copper Mines PLC (“KCM”) on 21 May 2019 (the “Petition”) and the appointment by the Court of Mr. Milingo Lungu as provisional liquidator of KCM (the “Provisional Liquidator”) and to the announcement dated 23 June 2021 regarding ZCCM-IH’s application for leave to appeal against the decision of the Court of appeal which stayed the liquidation proceedings and referred the parties to Arbitration.
“ZCCM-IH wishes to inform the market that on or about 7 September 2022, ZCCM-IH, Vedanta Resources Limited, Vedanta Resources Holdings Limited, and KCM’s Provisional Liquidator entered into a written agreement to adjourn the hearing of the disputes between them for a period of six (6) months, in order to pursue amicable settlement of the same,” the company announced on 27 September through a statement issued by the company secretary.
ZCCM-IH will provide details on this matter in due course. In the meantime, Shareholders of ZCCM-IH are advised to exercise caution when dealing in securities of the Company until further information is published.