In accordance with the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of Zambeef Products Plc (“the Group”) hereby advises the Shareholders of the Company that the Earnings per Share and Headline Earnings per Share for the Year Ended 30 September 2018 are expected to be approximately 163% higher than for the Year [...]
Shareholders of the Company are referred to the cautionary update released by CEC Africa Investments Limited (“CECA” or “the Company”) on 3 October 2017, in which shareholders and the market were informed that the shares of CECA were permitted to start trading on the LuSE quoted market effective 9 October 2017 following the Company’s publication [...]
The Board of Directors of Telekom Networks Malawi Plc wishes to inform all stakeholders that Douglas Stevenson is no longer employed as Chief Executive Officer of the company and, consequently, Eric Valentine will continue as Acting Chief Executive Officer, a position he has ably filled for the last two months. TNM will shortly make an [...]
PERFORMANCE The company achieved high levels of service revenue and moderate subscriber growth during the first six months of 2017 which enabled it to increase EBITDA and maintain margins and profitability levels. Macro-economic conditions improved during the first six months of 2017 with reducing inflation and interest rates, and stable exchange rates. Against this background, [...]
At the Company’s 80th Board of Directors Meeting held on Thursday, 15th June 2017, the following resolution was approved:- “THAT the First Interim Dividend of MK1,506 million representing 15 tambala per share in respect of the financial year ending 31st December 2017 be and is hereby declared payable on 1st September 2017 to those Shareholders [...]
At the Company’s Twenty-Second Annual General Meeting held on Thursday, 15th June 2017, the following resolution was approved:- THAT upon the recommendation of the Directors a final dividend of MK1,305 million representing 13 tambala per share in respect of the year ended 31st December 2016 be and is hereby declared payable on 14th July 2017 [...]
TELEKOM NETWORKS MALAWI PLC (TNM) is pleased to announce that at the Company’s 80th Board of Directors’ Meeting held on Thursday 15th June 2017 the Company’s Board of Directors elected Dr. George Partridge as the new Chairman of the Board. Dr. George Partridge succeeds Professor Mathews Chikaonda who retired from the Board on 15th June [...]
The Directors of Telekom Networks Malawi Limited have released the Company’s annual report for the year ended 31 December 2016. Below are extracts from the Chairman’s letter and financial highlights. BRAND BECOMES COMMUNITY In my Chairman’s letter last year, I signed off on behalf of TNM as a “Senior Malawian Citizen” because TNM has been [...]
In terms of the Listings Requirements of the Malawi Stock Exchange, a listed company is required to publish a trading statement as soon as there is a reasonable degree of certainty that the financial statements for the period to be reported upon next will differ by at least 20% from that of the previous corresponding [...]
1. REASONS FOR THE PROPOSED CHANGE OF COMPANY NAME Section 48 of the Companies Act 2013 requires that ‘the name of a public limited liability company shall end with the words ‘public limited liability’ or ‘plc’ and in compliance with this legal requirement the Company name will change from Telekom Networks Malawi Limited to “Telekom [...]