Zambeef Products PLC Board Changes
RNS Number : 4194Q
Zambeef Products PLC
26 February 2021
25 February 2021
Zambeef Products plc
("Zambeef" or the "Group")
Zambeef Products Plc ("Zambeef" or "the Company") (AIM: ZAM)
announces that Mr David Osborne will be stepping down as a director
of the Company, effective 28 February, 2021, as a result of his
retirement from CDC Group PLC ("CDC") at the end of this month.
Mr. Osborne has served on the Zambeef Board since CDC's
investment into the Company, as approved by Shareholders in
September 2016, and has made immeasurable contributions to the
Company in his time. CDC intends to appoint a replacement for Mr .
Osborne to the Zambeef Board shortly. Further updates will be made
as and when appropriate.
On behalf of the Board, the Chairman wishes David well in his
retirement and thanks him for his long-standing contribution to the
By Order of the Board
Mwansa M Mutimushi
For further information, please visit www.zambeefplc.com or
Zambeef Products plc Tel: +260 (0) 211
Walter Roodt, Chief Executive Officer
Faith Mukutu, Chief Financial Officer
Strand Hanson Limited (Nominated & Financial Tel: +44 (0) 20 7409
FinnCap (Broker) Tel: +44 (0) 20 7220
Powerscourt (Financial PR) Tel: +44 (0)20 7250
About Zambeef Products PLC
Zambeef Products Plc is the largest integrated cold chain food
products and agribusiness company in Zambia and one of the largest
in the region, involved in the primary production, processing,
distribution and retailing of beef, chicken, pork, milk, eggs,
dairy products, fish, flour and stockfeed, throughout Zambia and
the surrounding region, as well as Nigeria and Ghana.
It has 228 retail outlets throughout Zambia and West Africa.
The company is one of the largest suppliers of beef in Zambia.
Five beef abattoirs and three feedlots located throughout Zambia,
with a capacity to slaughter 230,000 cattle a year. It is also one
of the largest chicken and egg producers in Zambia, with a capacity
of 8.8m broilers and 22.4 million day-old chicks a year.
It is one of the largest piggeries, pig abattoirs and pork
processing plants in Zambia, with a capacity to slaughter 75,000
pigs a year, while its dairy has a capacity of 120,000 litres per
The Group is also one of the largest cereal row cropping
operations in Zambia, with approximately 7,973 hectares of row
crops under irrigation, which are planted twice a year, and a
further 8,776 hectares of rainfed/dry-land crops available for
planting each year.
Zambeef employs over 7,400 people with a total wage bill of K38
million per month.
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(END) Dow Jones Newswires
February 26, 2021 02:00 ET (07:00 GMT)