Zambeef Products PLC Director/PDMR Shareholding (4598D)
June 29 2021 - 2:29AM
UK Regulatory
TIDMZAM
RNS Number : 4598D
Zambeef Products PLC
29 June 2021
Zambeef Products plc
("Zambeef" or the "Group")
Director Dealing
Zambeef (AIM: ZAM), the fully integrated cold chain foods and
retail business, with operations in Zambia, Nigeria and Ghana,
announces that Mr. Frank Braeken, Non-Executive Director, sold, in
aggregate, 375,000 ordinary shares with a par value of ZMW 0.01
each in the issued share capital of the Company ("Ordinary Shares")
through two separate trades which occurred on 23 June 2021. The
volume weighted average price of both trades combined was 8.11
pence per share.
Following the transaction, Mr. Braeken no longer holds any
Ordinary Shares in the Company.
For further information, please visit www.zambeefplc.com or
contact:
Zambeef Products plc Tel: +260 (0) 211 369003
Walter Roodt
Faith Mukutu
finnCap (Nominated Adviser and Broker) Tel: +44 (0) 20 7220
0500
Ed Frisby/Kate Bannatyne/Tim Harper (Corporate Finance)
Tim Redfern/Barney Hayward (ECM)
Autus Securities Limited Tel: +260 (0) 761 002 002
Mataka Nkhoma
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 236
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 are 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
day.
The Group is also one of the largest cereal row cropping
operations in Zambia, with approximately 7,787 hectares of row
crops under irrigation, which are planted twice a year, and a
further 8,694 hectares of rainfed/dry-land crops available for
planting each year.
The notification below, made in accordance with requirements of
the EU Market Abuse Regulation, provides further details.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mr. Frank Braeken
------------------------------- ----------------------------------
2. Reason for the Notification
-------------------------------------------------------------------
a) Position/status N on-Executive Director
------------------------------- ----------------------------------
b) Initial notification/amendment Initial notification
------------------------------- ----------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Zambeef Products plc
------------------------------- ----------------------------------
b) LEI 213800U7PEKOUE14NP20
------------------------------- ----------------------------------
4. Details of the transaction(s):section to be repeated
for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place
where transactions have been conducted
-------------------------------------------------------------------
a) Description of the Ordinary Shares of ZMW0.01 each
Financial instrument,
type of instrument
------------------------------- ----------------------------------
Identification code ZM0000000201
------------------------------- ----------------------------------
b) Nature of the Transaction Sale
------------------------------- ----------------------------------
c) Price(s) and volume(s) Price(s) (p) Volume(s)
8.00 100,000
----------
8.15 275,000
----------
------------------------------- ----------------------------------
d) Aggregated information As above
Aggregated volume
Price
------------------------------- ----------------------------------
e) Date of the transaction 23 June 2021
------------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
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END
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