Keeping you up to date with our ever changing industry.

Corporate Announcements, Investee Company News, ZCCM-IH News

ZCCM-IH Mandatory Offer to Investrust Minority Shareholders Results

1. Background
1.1. Shareholders of ZCCM Investments Holdings PLC (“ZCCM-IH”) and Investrust Bank Plc (“Investrust” or “the Bank”) are referred to the announcement of the mandatory offer by ZCCM-IH to the minority shareholders of Investrust issued on the Stock Exchange News Services (“SENS”) on Wednesday, 21st March 2018.

1.2. The mandatory offer by ZCCM-IH to the minority shareholders of Investrust opened on Monday, 9th April 2018 and closed on Monday, 30th April 2018.

2. Results of the Mandatory Offer
2.1. At the close of the Offer, a total of 2,125,890 shares were tendered for sale to ZCCM-IH. This level of acceptance represents 26.0% of the total shareholding in the Bank.

2.2. Accordingly, the mandatory offer increased ZCCM-IH’s shareholding in Investrust from 45.4% to 71.4%.

3. Conclusion
3.1. The ZCCM-IH Board wishes to acknowledge the overwhelming success of the mandatory offer and looks forward to better prospects for Investrust.

By Order of the Board
Chabby Chabala – Company Secretary
ZCCM Investments Holdings Plc
By Order of the Board
Cuthbert K Tembo – Company Secretary
Investrust Bank Plc

Issued in Lusaka, Zambia on Thursday, 17th May 2018

Lusaka Securities Exchange Sponsoring Broker
T | +260-211-232456
E |
W |
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 Thursday, 17th May 2018

Previous ArticleNext Article