ZAMBIA COPPER INVESTMENTS LIMITED - NOTIFICATION OF THE SUSPENSION AND
CANCELLATION OF THE SECONDARY LISTING OF ZCI ON THE LONDON STOCK EXCHANGE
Zambia Copper Investments Limited
(Registered in Bermuda)
LES code: ZCI
ISIN: BMG988431240
(`ZCI`)
NOTIFICATION OF THE SUSPENSION AND CANCELLATION OF THE SECONDARY LISTING OF ZCI
ON THE LONDON STOCK EXCHANGE
The Directors wish to announce that pursuant to the shareholders` approval of
the transaction with Vedanta Resources Plc (`Vedanta`), Vedanta will effectively
acquire sufficient new Konkola Copper Mine Plc (`KCM`) ordinary shares, such
that Vedanta obtains a 51% interest in KCM. Accordingly, ZCI`s interest in KCM,
ZCI`s only material asset, will reduce from 58% to 28.4%.
While ZCI`s primary listing on the Johannesburg Securities Exchange (`JSE`) and
its secondary listing on the Paris Bourse will continue, the transaction will
impact ZCI in respect of the conditions for listing on the London Stock
Exchange, (`LSE`), as described in Chapter 3 of the Listings Requirements of the
UK Listing Authority (`UKLA`), specifically rule 3.6(a). As a result of the
transaction and in terms of rule 3.6(a), ZCI will no longer exercise control
over a majority of its assets and is obliged to cancel its listing on the London
Stock Exchange. ZCI`s registered shareholders were notified of this obligation
to cancel the Company`s secondary listing on the LSE in the circular posted on
11 October 2004.
In terms of FSA Listing Rule 1.21, 20 business days notice is required of any
intended cancellation. The expected completion date of the transaction is 4
November 2004, which is the date on which ZCI will no longer exercise control
over a majority of its assets.
Consequently, ZCI is obliged in terms of the FSA Listing Rules, to suspend the
share with effect from 07h30 GMT on Thursday 4 November 2004 and to cancel the
secondary listing of ZCI`s ordinary shares on the London Stock Exchange, with
effect from 08h00 GMT on Thursday 2 December 2004.
Bermuda
04 November 2004
Sponsor and independent financial advisor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
CORPORATE FINANCE
Date: 04/11/2004 03:54:26 PM
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