The Management of ZCCM Investment Holdings PLC (ZCCM-IH) wishes to advise the Company’s Shareholders that the issuance of the audited Annual Financial Statements for the year ended 31st March, 2016 has been delayed due to the following reason:-
– ZCCM-IH experienced delays in information collection from a number of investee companies within the ZCCM-IH portfolio. The information is required for consolidation of the financial statements.
The required information has now been obtained and the Company is in the process of finalizing the audit of the said Financial Statements. This is targeted to be done by 31 October 2016.
Arising from this delay, the Company has prepared provisional annual financial statements for the year ended 31 March 2016 as required by the LuSE Listing Rules. However, the issuance of the provisional financial statements awaits Board approval once a quorate Board is appointed. The Company expects that the appointment of new Directors will be done by 30th September 2016.
Accordingly, shareholders are advised to exercise caution when dealing in ZCCM-IH securities until the full year results are published.
Issued in Lusaka, Zambia on 15 September 2016
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First Issued on 15 September 2016