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ZCI - Results of Special General Meeting, changes to the board and new
company secretary
Zambia Copper Investments Limited
(Registered in Bermuda)
("ZCI")
JSE code: ZCI
ISIN: BMG988431240
Results of Special General Meeting, changes to the board and new company
secretary
At the Special General Meeting of ZCI shareholders, held on 10 September
2002 in Luxembourg, the ordinary resolution to approve the restructuring
of Konkola Copper Mines PLC, was passed with the requisite majority. All
conditions precedent to proceed with the restructuring and related
arrangements have now been met and consequently, the restructuring as
detailed in the circular to ZCI shareholders, dated 23 August 2002 ("the
circular"), will now proceed.
As described in the circular, ZCI will issue a total of 3,637,462 new
ordinary Shares of BD$0.24 each on 16 September 2002. Accordingly,
approval has been obtained for these shares to be listed on the JSE
Securities Exchange South Africa. Application has been made to the UK
Listing Authority for these shares to be admitted to the Official List
and to the London Stock Exchange for the shares to be admitted to
trading. Application has also been made to Euronext Paris to list the
shares.The Shares will rank pari passu with the existing issued shares
of the Company. Dealings in the newly issued shares are expected to
commence on 16 September 2002.
ZCI shareholders also approved the resolutions to amend the Bye-Laws of
ZCI and to appoint new directors to the board of ZCI, namely J Mills, R
G Mills and S Georgala. As notified in the circular, the following non-
executive directors will resign on 16 September 2002:
S R Thompson (Chairman)
P M Baum
G B R Collis
H R Fraser
M J Gordon
N Jordan
A W Lea
J Macdonald (Alternate)
W A Nairn
Therefore, with effect from 17 September 2002, the directors of ZCI will
be:
C J Colebank (non-executive)
S Georgala (non-executive)
J Mills (non-executive)
R G Mills (executive)
As advised in the circular, when available, three members of the
Copperbelt Development Foundation will be appointed as directors of ZCI
and C J Colebank and J Mills will resign. A further announcement in
this regard will be made in due course.
Finally, D A L Bennett will cease to be ZCI`s company secretary with
effect from 30 September 2002 and will be succeeded by J Mills, whose
address is 6 Rue Adolphe Fischer, L-1520 Luxembourg.
Luxembourg
11 September 2002.
Date: 11/09/2002 05:36:56 PM Produced by the JSE SENS Department
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