Glossary of Terms
Getting to understand some common industry terminology
We, at Copperbelt Energy Corporation Plc, want to keep you as informed as possible as you make your investing decisions. Familiarise yourself with some of the common terms used in the industry that we operate in ease of doing business with us or investing in us:
Corporate Terms
Common terms used in the CEC businesses
The bulk supply agreement between CEC and ZESCO Limited.
Copperbelt Energy Corporation Plc (Registration number 119970039070), a public company incorporated in accordance with the laws of Zambia and listed on the Lusaka Securities Exchange.
CEC DRC Sarl (Registration number CD/LSH/RCCM/18-B-00132), a Limited Liability Company incorporated in accordance with the laws of the Democratic Republic of Congo.
The Copperbelt is the mining area of Zambia where copper has been predominantly mined, which is centred around the Copperbelt Province of Zambia.
The Democratic Republic of the Congo is a country in Central Africa bordered to the west by the South Atlantic Ocean. By land area, the DRC is the second-largest country in Africa and the 11th-largest in the world.
Energy Regulation Board, is Zambia’s energy sector regulatory body established under the Energy Regulation Act, No. 12 of 2019.
The Kabompo Gorge Hydroelectric Power Project, located in the North-Western Province of Zambia and in which CEC has development interest.
A Power Supply Agreement / Power Purchase Agreement between CEC and each of its customers.
The Southern African Development Community, a 16-member inter-governmental organisation whose goal is the furtherance of socio-economic cooperation and integration, and political and security cooperation.
The Southern African Power Pool, an arrangement for, inter alia, co-operation in matters of electricity generation and distribution between member states, including Zambia.
Société Nationale d’Électricité, the national power utility of the DRC.
Zambian Kwacha, the legal tender of Zambia.
ZCCM Investments Holdings Plc. is a premier diversified mining investments and operations company with a primary listing under ISIN number ZM0000000037 on the Lusaka Securities Exchange in Zambia, and secondary listings on the London Stock Exchange and the Euronext Access Exchange in Paris.
ZESCO Limited, the national power utility of Zambia.
Investor Terms
Common terms relating to investing in CEC
The Annual General Meeting of the members or shareholders of CEC.
A distribution of a portion of the Company’s earnings, decided by the board of directors, paid to the company’s shareholders registered in its books as at a certain date.
Is a 12-month span adopted by companies and work organisations to file, analyse and report their financial statements, budgets and targets. In the case of CEC, its financial year is 31st December of each year.
The Lusaka Securities Exchange Limited (Registration number 120120030495), a company incorporated in Zambia and licensed to operate as a stock exchange under the Securities Act, No. 41 of 2016.
The Securities and Exchange Commission of Zambia, the regulator of the Capital Markets in Zambia, established through an Act of Parliament, the Securities Act no. 41 of 2016.
A person, company or institution that owns at least one share of a CEC’s stock.
Ordinary shares of CEC with a par value of ZMW0.01 each in the authorised and issued share capital of the Company.
Corpserve Transfer Agents Limited (Registration number 120080074349), a company registered in Zambia and providing share transfer secretarial services to CEC.
