Zambeef Converts BII Preference Shares Into Ordinary Equity

Zambeef Product ( (GB:ZAM) ) has issued an announcement.

Zambeef Products has converted all 100,057,658 convertible redeemable preference shares held by British International Investment into 308,511,112 new ordinary shares, effective 29 April 2026. The move simplifies the company’s capital structure, cancels the preference shares and may strengthen BII’s equity stake and alignment with other shareholders.

Following the issuance of the conversion shares, Zambeef’s issued share capital now comprises 609,090,742 ordinary shares, each carrying one voting right. The new shares have been admitted to trading on AIM and will be registered and listed on the Lusaka Securities Exchange, ranking pari passu with existing ordinary shares.

More about Zambeef Product

Zambeef Products plc is a fully integrated cold chain food products and agribusiness group operating in Zambia, Nigeria and Ghana. The company is one of the region’s largest producers and retailers of beef, chicken, pork, dairy, fish, flour and stockfeed, supported by significant abattoir, feedlot, cropping and a 248-outlet retail network across Zambia and West Africa.

Average Trading Volume: 72,141

Technical Sentiment Signal: Buy

Current Market Cap: £20.43M

See more data about ZAM stock on TipRanks’ Stock Analysis page.