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Industrial Development Corporation Limited settlement of loan owed to ZCCM Investment Holdings PLC (Updated)

The Shareholders of ZCCM Investment Holdings Plc (“Shareholders”) are referred to the announcement published on the Securities Exchange News Service (“SENS”) by ZCCM-Investments Holdings Plc (“ZCCM-IH” or the “Company”) dated 15th June 2018.

The announcement advised that on 2 April 2018, ZCCM-IH and the Industrial Development Corporation Limited (“IDC”), majority Shareholder, entered into a related party transaction through a Loan Facility Agreement whereby ZCCM-IH advanced a loan amount of US$19,000,000 to the IDC with a maturity period of 12 months.

ZCCM-IH wishes to announce that the IDC has fully settled the principal and interest amounts owed to ZCCM-IH. The payment was made on 2 April 2019 in line with the Loan Facility Agreement between the parties.

By Order of the Board
Chabby Chabala
Company Secretary

Issued in Lusaka, Zambia on Thursday, 25th April 2019

Lusaka Securities Exchange Sponsoring Broker
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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 Friday, 15th June 2018

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