CEC | Firm Intention Offer for all Ordinary Shares

By Published On: January 30th, 2018Categories: Corporate announcement

ANNOUNCEMENT REGARDING A FIRM INTENTION TO MAKE A BINDING OFFER FOR ALL OF THE ORDINARY SHARES OF COPPERBELT ENERGY CORPORATION PLC FOR A CASH CONSIDERATION OF US$0.2338 PER SHARE

INTRODUCTION
Further to the Cautionary Announcement last published on 3 October 2017, the Board of CEC (the “Board”) wishes to inform the shareholders of CEC (“Shareholders”) that by a letter dated 23 January 2018 (the “Offer Letter”) the Board received a firm intention from Zambian Transmission LLP (the “Offeror” or “Zambian Transmission”) to make a binding offer to purchase all of the ordinary shares in the capital of CEC. The Cautionary Announcement of 3 October 2017 is hereby withdrawn.

In accordance with the requirements of the Securities (Takeovers and Mergers) Rules, Statutory Instrument 170 of 1993, this announcement sets out information regarding the firm intention to make an offer.

By order of the Board
Julia C Z Chaila (Mrs)
Company Secretary

Issued in Lusaka, Zambia on 30th January 2018

Lusaka Securities Exchange Sponsoring Broker
T: +260-211-232456

E: [email protected]

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 Tuesday, 30th January, 2017

Download the full SENS Announcement

CEC Plc Firm Intention Offer Market Annoucement.pdf

The contents of the post above were obtained from third parties, which We, AfricanFinancials, believe to be reliable. However, We do not guarantee their accuracy and the above information may be in condensed form. The reader is encouraged to refer to the original source of the information, which, in most cases, is in PDF format and on the originating company's letterhead. While We endeavour to replicate the original content accurately, We cannot guarantee the absence of errors in the above article and We disclaim any liability regarding reliance on information provided in this article.

Copperbelt Energy Corporation Plc (CEC.zm)

Share price: 3.76 Kwacha (0.00 | 0.00% – 22/03/23)

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