Chilanga Cement (Zambia) – Postpones opening date of the mandatory offer to minority shareholders

By Published On: March 28th, 2022Categories: Corporate announcement

The shareholders of Chilanga Cement Plc (“Chilanga Cement” or the “Company”) are referred to the Cautionary Announcement dated 04 March 2022 wherein the Company published the salient dates and terms of the Mandatory Offer (“the Offer”) from Huaxin (Hainan) Investment Co., Ltd. (“Huaxin”).

The Offer was scheduled to open on Thursday, 24th March 2022 and close on Thursday, 14th April 2022 as per the announcement of the terms of the offer dated 4 March 2022. However, due to the unexpected delay in finalizing the fairness opinion by the Independent Financial Adviser (“IFA”), the Circular and the Offer Document have not been completed and were not ready for posting to the shareholders on 24th March 2022.

The Company wishes to advise the shareholders and the market that the terms of the offer remain the same as per the announcement dated 4th March 2022 and the revised timetable will be  announced in due course.

By Order of the Board

Chibuye Mbesuma Ngulube
Company Secretary
Issued in Lusaka, Zambia on March 25, 2022

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