State owned ZCCM IH has increased its shareholding in Investrust Bank Plc from 45.4% to 71.4%.

This follows the announcement of the mandatory offer by ZCCM-IH to the minority shareholders of Investrust issued on 21st March 2018.

The mandatory offer by ZCCM-IH which opened on 9th April 2018 and closed on Monday, 30th April 2018 recorded a total of 2,125,890 shares tendered for sale to ZCCM-IH.

This level of acceptance represented 26.0% of the total shareholding in the Bank.

According to a notice from the Lusaka Securities Exchange, the ZCCM-IH Board acknowledges the overwhelming success of the mandatory offer and looks forward to better prospects for Investrust.

Source: Lusaka Times