RNS Number : 5164Y

Zambeef Products PLC

03 January 2024


("Zambeef" or the "Group")


Zambeef (AIM: ZAM), the fully integrated cold chain foods and retail business with operations in Zambia, Nigeria and Ghana, announces that at the Annual General Meeting held on 29 December 2023, all resolutions put to shareholders were duly passed.

 For further information, please visit www.zambeefplc.com 
  or contact: 
 Zambeef Products plc                       Tel: +260 (0) 211 
 Faith Mukutu, Chief Executive Officer 
  M'boo Mumba, Chief Financial Officer 
 Cavendish Capital Markets Ltd (Nominated   Tel: +44 (0) 20 7220 
  Adviser and Broker)                        0500 
 Ed Frisby/Abigail Kelly (Corporate Finance) 
 Tim Redfern (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, dairy products, fish, flour and stockfeed, throughout Zambia and the surrounding region, as well as Nigeria and Ghana.

It has 269 retail outlets throughout Zambia and West Africa.

The Company is one of the largest suppliers of beef in Zambia. Five beef abattoirs and five feedlots are located throughout Zambia, with a capacity to slaughter 230,000 cattle a year. It is also one of the largest chicken producers in Zambia, with a capacity of 9.4m broilers and 25 million-day-old chicks a year. It is one of the largest pig abattoirs and pork processing plants in Zambia, with a capacity to slaughter 102,000 pigs a year, while it's 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 7,265 hectares of row crops under irrigation, which are planted twice a year, and a further 7,924 hectares of rainfed/dry-land crops available for planting each year.

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(END) Dow Jones Newswires

January 03, 2024 04:30 ET (09:30 GMT)

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