TIDMZAM
RNS Number : 4429D
Zambeef Products PLC
21 June 2023
Zambeef Products plc
("Zambeef" 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 Dr. John Clifford Rich as
Non-Executive Director, representing British International
Investment plc ("BII"), with effect from 21 June 2023.
Dr. Rich is currently the Executive Chairman, of MHP SE ("MHP"),
commencing in 2017. Previously, he was an Independent Non-Executive
Director of MHP from 2007. He is an Independent Non-Executive
Director at Zalar Holding SA (poultry and grain trading in Morocco)
and a Director at Australian Agricultural Nutrition and Consulting
Pty Limited (AANC) (agricultural consulting company).
Dr. Rich has served as a Non-Executive Director at a range of
companies domiciled in the UK, Denmark, Romania, Kazakhstan,
Azerbaijan, Indonesia and Singapore and held various executive
positions in agriculture and the food processing industry. He has
worked for IFC World Bank, the European Bank for Reconstruction and
Development (EBRD) and Commonwealth Development Corporation (CDC -
now BII), as a consulting agribusiness industry specialist.
Dr. Rich holds a Bachelor of Science Degree with Honours in
Pathology and a Bachelor of Science Degree with Honours in
Veterinary Science from the University of Sydney. Dr. Rich also
holds numerous diplomas and certificates in agriculture, ruminant
nutrition, finance and financial modelling related to animal and
vegetable protein production.
The board is pleased to welcome Dr. Rich 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) 211 840 513
Mataka Nkhoma
INFORMATION REQUIRED UNDER RULE 17 AND SCHEDULE 2, PARAGRAPH (G)
OF THE AIM RULES FOR COMPANIES ("AIM RULES")
Full name: Dr John Clifford Rich
Age: 71
Shareholding in the Dr Rich, together with existing Board
Company: director Roman Frenkel, are Board
representatives of British International
Investment plc ("BII", formally CDC)
under the terms of the relationship
agreement between BII, the Company,
and the Company's Nominated Adviser,
which became effective on 16 September
2016. BII is a holder of 52,601,435
ordinary shares in the Company (representing
approximately 17.5% of the issued
ordinary share capital) and a holder
of 100,057,658 convertible redeemable
preference shares in the Company.
These preference shares have four
voting rights for every five preference
shares held resulting in BII having
in total 34.8% of the voting rights.
Current directorships
and partnerships: MHP SE
Zalar Holding SA
Australian Agricultural Nutrition
and Consulting Pty Limited
Teralett Pty Ltd
Rich Meats Pty Ltd
A C & J C Rich Pty Ltd
Historic directorships
and partnerships in
previous 5 years: SABA OJSC
AO Ust-Kamenogorskaya Ptitse Fabrika
AO Aitas KZ
In February 1990, Rich Meats Pty Ltd and Rich Meats Holdings Pty
Ltd (together, "the Companies") had a receiver appointed, and in
addition an administrator was appointed. Upon appointing the
receiver, the balance owed to the State Bank of NSW, the largest
creditor of the Companies, was AUD 3.3m. The receivership ceased in
February 1991, at which time the balance owed was less than AUD 1m,
with the Companies being returned to the control of the
directors.
Rich Meats Pty Ltd is a dormant holding company and Rich Meats
Holdings Pty Ltd later changed its name to Australian Agricultural
Nutrition and Consulting Pty Limited which is an operating
company.
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
BOAPPUBUQUPWURG
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June 21, 2023 05:00 ET (09:00 GMT)
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