Further Cautionary Announcement - Arbitration

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RNS Number : 0246W ZCCM Invs.Hldgs PLC 10 March 2026  

  SENS ANNOUNCEMENT (the "Notice" or "Announcement")  

ISSUER

   





  ZCCM INVESTMENTS HOLDINGS PLC ("ZCCM-IH") [Incorporated in the Republic of Zambia] Company registration number:       119540000771   Share Code:                                           ZCCM-IH ISIN:                                                       ZM0000000037 Authorized by:                                     Charles Mjumphi - Company Secretary  

SPONSOR

 

Stockbrokers Zambia Limited [Founder Member of the Lusaka Securities Exchange] [Regulated and licensed by the Securities and Exchange Commission of Zambia]   Contact Number:                 +260-211-232456 Website:                                                www.sbz.com.zm  

APPROVAL

  The captioned Notice or Announcement has been approved by: i.      the Lusaka Securities Exchange ("LuSE") ii.    the Securities and Exchange Commission ("SEC") iii.   ZCCM Investments Holdings Plc  

RISK WARNING

  The Notice or Announcement contained herein contains information that may be of a price-sensitive nature.  

Investors are advised to seek the advice of their investment advisor, stockbroker, or any professional duly licensed by the Securities and Exchange Commission of Zambia to provide securities advice.

 

ISSUED: 10 March 2026

     

ZCCM INVESTMENTS HOLDINGS PLC [Incorporated in the Republic of Zambia] Company registration number: 771 Share Code: ZCCM-IH ISIN: ZM0000000037 ["ZCCM-IH" or "the Company"]  

Further Cautionary Announcement

  Confidential Arbitration Proceedings between Trafigura Pte Limited ("Trafigura") and ZCCM Investments Holdings Plc ("ZCCM-IH" or "the Company")   Further to the cautionary announcement dated 31 March 2025 issued by ZCCM-IH in relation to arbitration proceedings instituted by Trafigura in February 2024 under the London Court of International Arbitration Rules 2020, ZCCM-IH announces that it has received a copy of the Partial Final Award from the Tribunal dated 16 December 2025 (the "Award").   The Tribunal has ordered that:   (a)        The guarantee in favour of Trafigura dated 28 July 2021 (the "Guarantee"), under which Trafigura brings its claim in the arbitration, is binding on ZCCM-IH.   (b)        Within 6 weeks of the Award being issued, ZCCM-IH should serve a submission, along with such evidence in support as it considers relevant, identifying any specific elements of the principal sum of USD 82,807,254.68 claimed by Trafigura that it submits are unsustainable and setting out in any such instance the reason(s) therefor.   (c)        Within 3 weeks thereafter, Trafigura should serve a submission in response to that of ZCCM-IH along with any such additional evidence in support as it considers necessary.   (d)       Issues of quantum will be heard by the Tribunal at a hearing over 1 day on the first available date after service of the submissions referred to in (b) and (c) above.   The Company has since filed its submissions in line with the Tribunal's decision and is awaiting Trafigura's submissions in reply. The Company is actively evaluating its legal options regarding the Partial Award and remains committed to safeguarding shareholder interests. Further updates will be provided as the matter progresses.   Accordingly, shareholders of ZCCM-IH and members of the investing public are advised to exercise caution when dealing in securities of the ZCCM-IH until further information is published. They should obtain independent professional advice if they have any queries or concerns about any of the contents or subject matter of this announcement.        By Order of the Board Charles Mjumphi Company Secretary   Issued in Lusaka, Zambia on 10 March 2026





T   |   +260-211-232456   E   |   advisory@sbz.com.zm   W  |   www.sbz.com.zm   Stockbrokers Zambia Limited (SBZ) is a founder member of the Lusaka Securities Exchange and is regulated by the Securities and Exchange Commission of Zambia

First Issued on 31 March 2025

 

 

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