Zambeef Products PLC Directorate Change (0499X)
April 21 2023 - 8:00AM
UK Regulatory
TIDMZAM
RNS Number : 0499X
Zambeef Products PLC
21 April 2023
Zambeef Products plc
("Zambeef", the "Company" or the "Group")
CHANGE IN DIRECTORATE
Zambeef (AIM: ZAM), the fully integrated cold chain foods and
retail business with operations in Zambia, Nigeria and Ghana,
announces the appointment of Mr. Muyangwa Muyangwa as Non-Executive
Director, with effect from 21 April 2023.
Mr. Muyangwa holds a Master's degree in Business Administration
from the University of Bath in the United Kingdom and a Bachelor's
degree in Business Administration from the Copperbelt University,
Zambia. He brings to the board vast experience gained from a career
that spans over 30 years in the financial and fiscal sectors.
Mr. Muyangwa is currently the Director General of the National
Pension Scheme Authority (NAPSA), Zambia, and a Non-Executive
Director of ZCCM Investments Holdings Plc. Before that, he served
in various positions at the International Monetary Fund (IMF),
including as a Senior Economist at the IMF - Headquarters,
Washington DC, and as Technical Assistance Advisor and Revenue
Administration Advisor in East Africa and West Africa,
respectively. Before joining the IMF, he worked for Zambia Revenue
Authority (ZRA).
The board is pleased to welcome Mr. Muyangwa Muyangwa and is
confident that he will add immeasurable value to the Company.
For further information, please visit www.zambeefplc.com or
contact:
Zambeef Products plc Tel: +260 (0) 211 369003
Faith Mukutu, Chief Executive Officer
M'boo Mumba, Chief Financial Officer
finnCap (Nominated Adviser and Broker) Tel: +44 (0) 20 7220 0500
Ed Frisby/Abigail Kelly (Corporate
Finance)
Tim Redfern/Barney Hayward (ECM)
Autus Securities Limited Tel: +260 (0) 761 002 002
Mataka Nkhoma
INFORMATION REQUIRED UNDER RULE 17 AND SCHEDULE 2, PARAGRAPH (G)
OF THE AIM RULES FOR COMPANIES ("AIM RULES")
Full name: Muyangwa Charles Muyangwa
Age: 57
Shareholding in the Mr. Muyangwa is Director General
Company: of the National Pension Scheme
Authority (NAPSA) in Zambia. Mr.
Muyangwa sits on the NAPSA board
as a non-voting member and does
not sit on the NAPSA investment
committee. NAPSA holds 24,797,819
ordinary shares in the Company,
representing approximately 8.2%
of the Company's issued ordinary
share capital.
Current directorships M & N Capitol Limited
and partnerships: National Pension Scheme Authority
(NAPSA)
ZCCM Investments Holdings Plc
Historic directorships None
and partnerships in
previous 5 years:
There is no further information to be disclosed in relation to
the director appointment pursuant to Rule 17 and Schedule 2,
paragraph (g) of the AIM Rules.
About Zambeef Products PLC
Zambeef Products plc is the largest integrated cold chain food
products and agribusiness company in Zambia and one of the largest
in the region, involved in the primary production, processing,
distribution and retailing of beef, chicken, pork, milk, dairy
products, fish, flour and stockfeed, throughout Zambia and the
surrounding region, as well as Nigeria and Ghana.
It has 236 retail outlets throughout Zambia and West Africa.
The Company is one of the largest suppliers of beef in Zambia.
Five beef abattoirs and three feedlots are located throughout
Zambia, with a capacity to slaughter 230,000 cattle a year. It is
also one of the largest chicken producers in Zambia, with a
capacity of 8.8m broilers and 22.4 million-day-old chicks a year.
It has the largest pig abattoir and pork processing plants in
Zambia, with a capacity to slaughter 75,000 pigs a year, while its
dairy has a capacity of 120,000 litres per day.
The Group is also one of the largest cereal row cropping
operations in Zambia, with approximately 7,787 hectares of row
crops under irrigation, which are planted twice a year, and a
further 8,694 hectares of rainfed/dry-land crops available for
planting each year.
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END
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