Trading Statement SENS 2018. The Board of Directors of Zamefa (the “Board”) advise the Shareholders that for the six-month period ending 31st March 2018, the basic earnings per share and head line earnings per share are both expected to be between 90% to 110% lower than those of the corresponding period for both the group and for the Company.
2017 AGM Notice
AGM Notice. Notice is hereby given that the Annual General Meeting of Metal Fabricators of Zambia Plc in respect of the year ended 30 September will be held at the Radisson Blu Hotel Lusaka Zambia on Tuesday 12 December 2017 at 10:00 hours.
Mandatory Offer Results
Mandatory Offer Results. Shareholders are referred to the announcement of the terms of the mandatory offer by Reunert International Investments (Mauritius) limited (“RIIL”) to the minority shareholders of Metal Fabricators of Zambia Plc (“ZAMEFA”) issued on 10 July 2017.
Mandatory Offer
Mandatory Offer. This purchase consideration was subject to a post-completion price adjustment exercise which has now been concluded. This price adjustment exercise did not result in a change in the price per share.
Combined Offer Document
Combined Offer Document. Circular to Zamefa minority shareholders relating to an unconditional mandatory offer from the Offeror to the minority shareholders in Zamefa to purchase some or all of their ordinary shares in Zamefa at an offer price per share of ZMW 4.82 and the response from the independent board of Zamefa containing their views in respect of the mandatory offer and incorporating a Form of Acceptance.
Trading Statement
Trading Statement. In accordance with the Lusaka Securities Exchange Plc (“LuSE”) Listings Requirements, the Board of Directors advises the Shareholders of Zamefa that for the half year ended 31st March 2017, the basic earnings per share are expected to be between 40% to 45% lower than the corresponding period for the group and for the Company. The headline earnings per share are expected to decrease by the same range.
Change of Directorate
Change of Directorate. In compliance with the Securities Act No 41 of 2016 and the Lusaka Securities Exchange (“LuSE”) Listing Requirements, the Board of Directors of Metal Fabricators of Zambia (“Zamefa”) wishes to announce the appointment of Mr. Joe Chisanga and Mr. Chance Kabaghe as Non-Executive Directors effective 11th April, 2017.
Profit Warning Notice
Profit Warning Notice. The Board of Directors of Zamefa (the “Board”) wishes to advise shareholders that the Company has made a significant provision which will significantly reduce profits for the 9 months ending 30th September, 2016. The provision is due to certain account receivables whose recoverability has become doubtful.
Notice of Change of Year End
Notice of Change of Year End. The Board of Directors of Zamefa (the “Board”) wishes to inform the shareholders that the Company has changed its financial year end from 31st December to 30th September with effect from 30 September 2016. The reason for the change of the financial year-end is to align the financial year- end of Zamefa with Reunert International Investments (Mauritius) Limited (“Reunert”) which acquired Zamefa in August 2016 as well the ultimate holding company Reunert Limited.
Cautionary Update
Cautionary Update – 16 February. Further to the Cautionary Update last issued on 12 January 2016, and in compliance with the Listing Requirements of the Lusaka Stock Exchange, the shareholders of Metal Fabricators of Zambia Plc (ZAMEFA) are advised that General Cable Corporation (NYSE: BGC) has entered into a Share Purchase Agreement with Reunert Limited (JSE: RLO) in respect of the divestiture of all the shares held by Phelps Dodge Africa Cable Corporation in ZAMEFA. The transaction is expected to close by the third quarter of 2016, subject to applicable regulatory clearance and satisfaction of other customary closing conditions.