Zambeef Products plc
("Zambeef" or the
"Group")
Chiawa Farm Estate
Zambeef (AIM: ZAM), the fully integrated cold
chain foods and retail business with operations in Zambia, Nigeria
and Ghana notes the recent media commentary in Zambia, which has
included reporting of a confirmation by the government that the
state-owned Industrial Development Corporation (IDC) Limited is
considering a purchase and is currently undertaking due diligence.
Zambeef wishes to advise its shareholders that a sale has not taken
place with respect to its Chiawa Farm. In the event that a
successful offer for the farm is received, Zambeef will follow due
process in terms of notifying the market and obtaining any relevant
shareholder approvals as applicable.
For further information,
please visit
www.zambeefplc.com
or contact:
|
Zambeef Products
plc
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Tel: +260 (0) 211
369 003
|
|
Faith Mukutu, Chief Executive Officer
Patrick Kalifungwa, Chief Financial Officer
|
|
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Autus Securities
Limited (Sponsoring Broker)
Mataka Nkhoma (Sponsoring Broker)
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Tel: +260 (0) 211 840 513
|
|
Cavendish
Capital Markets Ltd (Nominated Adviser and Broker)
|
|
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Ed Frisby/Abigail Kelly (Corporate Finance)
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Tel: +44 (0) 20 7220 0500
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|
Tim Redfern (ECM)
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Notes to
Editors
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 25.4 million-day-old
chicks a year. It is one of the largest piggeries, pig abattoirs
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 7,265
hectares of row crops under irrigation, which are planted twice a
year, and a further 8,000 hectares of rainfed/dry-land crops
available for planting each year.
