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
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 The Cautionary Announcement of 3 October 2017 is hereby withdrawn.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)
Issued in Lusaka, Zambia on 30th January 2018
|Lusaka Securities Exchange Sponsoring Broker|
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
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