ZCCM Invs.Hldgs PLC ZCCM-IH Corporate Guarantee with Atlas Mara (8346T)
2022年7月27日 - 3:00PM
RNSを含む英国規制内ニュース (英語)
TIDMZCC
RNS Number : 8346T
ZCCM Invs.Hldgs PLC
27 July 2022
SENS ANNOUNCEMENT
(the "Notice" or "Announcement")
ISSUER
ZCCM INVESTMENTS HOLDINGS PLC ("ZCCM-IH")
[Incorporated in the Republic of Zambia]
Company registration number: 119540000771
Share Code: ZCCM-IH
ISIN: ZM0000000037
Authorised by: Chabby Chabala - Company Secretary
SPONSOR
Stockbrokers Zambia Limited
[Founder Member of the Lusaka Securities Exchange]
[Regulated and licensed by the Securities and Exchange
Commission of Zambia]
Contact Number: +260-211-232456
Website: www.sbz.com.zm
APPROVAL
The captioned Notice or Announcement has been approved by:
i. the Lusaka Securities Exchange ("LuSE")
ii. the Securities and Exchange Commission ("SEC")
iii. Stockbrokers Zambia Limited ("SBZ")
RISK WARNING
The Notice or Announcement contained herein contains information
that may be of a price-sensitive nature.
Investors are advised to seek the advice of their investment
advisor, stockbroker, or any professional duly licensed by the
Securities and Exchange Commission of Zambia to provide securities
advice.
ISSUED: 26 July 2022
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"]
TRANSACTION ANNOUNCEMENT
The Board wishes to inform the shareholders and the market that
ZCCM Investments Holdings Plc ("ZCCM-IH" or "the Company"), has
agreed to provide Corporate Guarantees to Atlas Mara Bank for the
amount of USD 15 million (the "Transaction").
In line with the requirements of Section 9 of the Lusaka
Securities Exchange ("LuSE") Listings Requirements, the key
features of the Transaction are as follows:
Particulars of the The provision of USD 15 million Corporate Guarantees
Transaction Atlas Mara by ZCCM-IH for the provision of a Letter
of Credit and Working Capital to Mopani Copper
Mines Plc ("MCM").
Guaranteed Amount * USD 15 Million
------------------------------------------------------------------------
Other significant terms Provision of USD 15 million Corporate Guarantee
of the Transaction to Atlas Mara comprising:
* USD 5 Million Letter of Credit from Atlas Mara; and
* USD10 Million Overdraft Facility from Atlas Mara for
twelve months.
------------------------------------------------------------------------
Effective Date 22 June 2022
------------------------------------------------------------------------
Rationale for the Transaction The support of ZCCM-IH to the operations of MCM
is quite critical at this juncture. MCM needs working
capital urgently in order to address the following
issues:
* Purchase of third-party concentrates;
* Financing of mobile equipment; and
* Recurring working capital needs.
------------------------------------------------------------------------
By Order of the Board
Chabby Chabala
COMPANY SECRETARY
Issued in Lusaka, Zambia on 26 July 2022
Lusaka Securities Exchange Sponsoring Broker
====================================================================================================
T | +260-211-232456
E | advisory@sbz.com.zm
W | www. sbz.com.zm
Stockbrokers Zambia Limited (SBZ) is a member of the Lusaka Securities Exchange and is regulated
by the Securities and Exchange Commission of Zambia.
==================================================================================================
First Issued on 26 July 2022
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END
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July 27, 2022 02:00 ET (06:00 GMT)
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