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Euronext Sanctioning of ZCCM-IH

ZCCM-IH would like to clarify to the members of the public that the sanctioning of the Company as a result of the non-publication of the 2021 financial statements by or before 30 June 2022 is neither a suspension nor a delisting. Euronext (Paris) has transferred ZCCM-IH’s listed shares to the Penalty bench/non-compliant issuers for breach of the requirements related to publication of financial statements.

Regarding the delay in the finalisation of the audited 2021 financial statements, this is as a result of the delay in the completion of the fair valuation of assets and liabilities related to the acquisitions of 90% shares of Mopani as of 31 March 2021. The fair valuation is a requirement as per International Financial Reporting Standards (IFRS) for incorporation in the 2021 financial statements.

For more details on the financial statement publication: please refer to the market announcement from this link:

Source: Euronext Sanctioning of ZCCM-IH

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