COPPERBELT University third- year student Mubiana Sinyinda famously known on social media for his humorous advertisement of Mongu rice, has received K 15,000 from Investrust Bank.
Investrust Bank managing director Simangolwa Shakalima said Mr Sinyinda’s entrepreneurship skills caught the attention of the financial institution, which has decided to give him K10, 000 to expand his business and K5,000 for his upkeep in school. https://epaper.daily-mail.co.zm/
Source: Zambia Daily Mail
In accordance with Section 3.59 of the Lusaka Securities Exchange Listing Rules, the Board of Investrust Bank Plc (“the Board”) wishes to announce the resignation of the following non-executive Directors from the board with effect from 11th March 2019:-
The Board would like to thank the Directors for their services to the Bank and wishes them the best in their future endeavours.
By Order of the Board
Brian Msidi
Company Secretary
Issued in Lusaka, Zambia on 25 March 2019
| Lusaka Securities Exchange Sponsoring Broker | |
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T | +260-211-232456 E | advisory@sbz.com.zm W | www.sbz.com.zm 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 25 March 2019
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
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 | |
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T | +260-211-232456 E | advisory@sbz.com.zm W | www.sbz.com.zm 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