CEC Rights Offer – Investor Open Day presentations to shareholders
On Friday 7 February 2013, Copperbelt Energy Corporation PLC held an Investor Open Day to educate its shareholders on the CEC Rights Offer which opened on 3 February 2014 and closes on 28 February 2014 (1400hrs) – earliest date.
CEC seeks to raise the Zambian Kwacha (“ZMW”) equivalent of approximately USD70 million in equity capital by way of a renounceable rights offer to existing CEC shareholders – in compliance with the Listing Rules of the Lusaka Stock Exchange (“LuSE”).
The Circular to Shareholders and prelisting statement (collectively, the “Rights Offer Document”) has been approved, published and posted to respective shareholders from Monday, 3 February 2014.
Investment in sustainable energy: CEC renewables – Biodiesel generation plant and storage tanks
The following presentations to shareholders, presented at the Investor Open Day cover the most salient details of the Rights Offer:
Download Rights Offer document
Download CEC Investor Open Day presentation
Download Corpserve presentation (Share Registrars)
Download presentation on how to Participate in the CEC Rights Offer (Stockbrokers Zambia – Sponsoring Broker)
Download CEC Rights Offer Roadshow presentation
Any shareholders uncertain as to the process or action they should undertake, should engage their respective brokers or the Sponsoring Broker, Stockbrokers Zambia.
For more details contact:
Mrs. Chama Nsabika-Kalima
Corporate Communication
Tel: +260 211 261 647
Email: [email protected]
Website: www.cecinvestor.com
About Copperbelt Energy Corporation PLC
Copperbelt Energy Corporation PLC (CEC) is an independent power distribution and transmission business, with a control centre on the Copperbelt Province of Zambia.
CEC’s strategy is to: Grow and diversify its business by pursuing viable opportunities in the energy and telecommunication sectors; play a role in observing and shaping the present and future business environment for the benefit of the Company, its customers, and its suppliers; and develop strategic partnerships with technical and financial resources to realise a shared vision of energy infrastructure development in Zambia and surrounding territories.
CEC, a member of the Southern African Power Pool distributes power to the majority of mines operating on the Copperbelt province, the national utilities ZESCO Limited (ZESCO) and SNEL of the Democratic Republic of Congo (DRC).
The company’s assets comprise an emergency power generation capacity of 80MW, transmission and distribution network of 900 km of overhead power lines, 40 high voltage substations and electricity network carrying capacity in excess of 700MW. The company operates an interconnector with the DRC, through which power is wheeled to Zambia, Zimbabwe and South Africa.
CEC is also a wholesale broadband and Internet Service Provider (ISP) in Zambia through two joint ventures, Realtime Zambia (RTAA) and CEC Liquid.
