ZCCM Invs.Hldgs PLC Declaration Announcement re: Rights Issue (6560E)
2014年4月11日 - 8:25PM
RNSを含む英国規制内ニュース (英語)
TIDMZCC
RNS Number : 6560E
ZCCM Invs.Hldgs PLC
11 April 2014
ZCCM INVESTMENTS HOLDINGS PLC
(Incorporated in the Republic of Zambia /Company
Registration Number: 771)
Share Code: ZCCM-IH
ISIN: ZM0000000037
("ZCCM-IH" or "the Company")
Address: 1st Floor, Mukuba Pension House, Dedan Kimathi
Road, Lusaka
--------------------------------------------------------
CLAW BACK RIGHTS OFFER
DECLARATION ANNOUNCEMENT
LAST DAY FOR REGISTRATION FOR THE RIGHTS
--------------------------------------------------------
Introduction
In compliance with the Listing Rules of the Lusaka Stock
Exchange (LuSE), shareholders are referred to the Market Update
Announcement of 28 March 2014 in which ZCCM-IH informed
shareholders that the recapitalization of ZCCM-IH as declared in
the Extraordinary General Meeting (EGM) Circular to Shareholders
dated 24 January 2014 ("the EGM Circular") was realised through the
signing of a Debt Settlement Agreement between ZCCM-IH and the
Government of the Republic of Zambia ("GRZ") on 25 March 2014.
As stated in the EGM Circular the recapitalization has been
implemented by way of a renounceable Claw Back Rights Offer (the
"Rights Offer"). The recapitalization involves the issuance of new
ordinary shares made up of Class A and Class B shares. GRZ has
subscribed for all the Class A shares and part of Class B shares as
per its entitlement, thereby maintaining its 87.53% shareholding,
while the balance of the Class B shares representing 12.47% have
been subscribed for by the National Pension Scheme ("NAPSA") in an
underwriting capacity on a claw back basis.
Accordingly, minority shareholders must now participate in the
recapitalization of ZCCM-IH by subscribing for their new shares on
a claw back basis within their total entitlement of 12.47% of the
new shares.
Purpose of Rights Offer
The primary purpose of the Rights Offer is the recapitalization
of ZCCM-IH in order to strengthen the Company's balance sheet in
the immediate term and unlock value for the benefit of all
shareholders going forward.
Declaration of Rights Offer Record Date
Shareholders are advised that the last day to qualify for the
ZCCM-IH renounceable Rights Offer (the Record Date) is Friday 09
May 2014. Shareholders who will qualify to participate shall be
entitled to purchase the new shares in the Company on terms and
conditions to be specified in the Finalisation Announcement and
detailed in the Rights Offer Circular to be posted to all
shareholders on the register as at Record Date.
-- Investors on the Marche Libre Paris (France) are advised that
the last day for trading in ZCCM-IH shares in order to qualify to
participate in the Rights Offer is 25(th) April 2014.
-- The LuSE in Zambia operates a 3 day rolling settlement cycle
(T+3). As such, the last day for trading in ZCCM-IH shares in order
to qualify to participate in the Rights Offer on the LuSE is
Tuesday 06 May 2014.
Finalisation Announcement
The Finalisation Announcement explaining the salient terms of
the Rights Offer will be published in the press on Wednesday 16
April 2014.
Posting of Rights Offer Circular
A Circular to shareholders giving full details of the Rights
Offer will be mailed to shareholders on or about Monday, 12 May
2014.
REGULATORY APPROVAL
The dates declared above are subject to regulatory approval and
the market will be advised if there are any changes.
Lusaka
Date: 11 April 2014
Sponsoring Broker
STOCKBROKERS ZAMBIA LIMITED
[MEMBER OF THE LuSE and REGULATED BY THE SECURITIES AND EXCHANGE
COMMISSION OF ZAMBIA]
FIRST ISSUED on 11 April 2014
This information is provided by RNS
The company news service from the London Stock Exchange
END
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