1. Background
1.1. Shareholders of ZCCM Investments Holdings PLC (“ZCCM-IH”) and Investrust Bank Plc (“Investrust” or “the Bank”) are referred to the announcement of the mandatory offer by ZCCM-IH to the minority shareholders of Investrust issued on the Stock Exchange News Services (“SENS”) on Wednesday, 21st March 2018.
1.2. The mandatory offer by ZCCM-IH to the minority shareholders of Investrust opened on Monday, 9th April 2018 and closed on Monday, 30th April 2018.
2. Results of the Mandatory Offer
2.1. At the close of the Offer, a total of 2,125,890 shares were tendered for sale to ZCCM-IH. This level of acceptance represents 26.0% of the total shareholding in the Bank.
2.2. Accordingly, the mandatory offer increased ZCCM-IH’s shareholding in Investrust from 45.4% to 71.4%.
3. Conclusion
3.1. The ZCCM-IH Board wishes to acknowledge the overwhelming success of the mandatory offer and looks forward to better prospects for Investrust.
| By Order of the Board Chabby Chabala – Company Secretary ZCCM Investments Holdings Plc |
By Order of the Board Cuthbert K Tembo – Company Secretary Investrust Bank Plc |
Issued in Lusaka, Zambia on Thursday, 17th May 2018
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First Issued on Thursday, 17th May 2018