ZCI
ZAKK
ZCI - Zambia Copper Investments Limited - Further Cautionary Announcement
Zambia Copper Investments Limited
(Registered in Bermuda)
JSE code: ZCI
ISIN: BMG988431240
("ZCI")
FURTHER CAUTIONARY ANNOUNCEMENT
Further to the cautionary announcements released on SENS between 2
September 2005 and 2 March 2007, the directors of ZCI wish to inform
shareholders that preparations for the arbitration proceedings between ZCI
and Vedanta Resources plc ("Vedanta") relating to the interpretation of the
Vedanta Call Option Deed are continuing. It is now confirmed that the
arbitration will be heard in mid-June 2007.
Once the ruling is received, the independent investment bank`s terms of
engagement will be finalised and it will be able to undertake its valuation
of the 28.4% of Konkola Copper Mines plc ("Konkola") shares held by ZCI
through its wholly owned subsidiary, ZCI Holdings S.A.
ZCI shareholders are advised to continue exercising caution when dealing in
ZCI`s shares until a further announcement is made.
Bermuda
25 May 2007
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 25/05/2007 08:00:01 Produced by the JSE SENS Department.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
