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Zambeef Product ( (GB:ZAM) ) just unveiled an announcement.
Zambeef Products has disclosed details of past related party transactions with Java Foods Limited, a company in which Zambeef non-executive director Katebe Monica Musonda held an approximate 21% shareholding and served as a director until July 2025. Between November 2023 and July 2025, Zambeef sold 2,240 tonnes of flour to Java for a total of ZMW43.3 million and purchased 68 tonnes of noodles for resale in its retail network for ZMW2.1 million, with flour priced in line with other customers and all consideration received in cash. The independent directors, excluding Musonda, and after consultation with the company’s nominated adviser, concluded that the terms of these aggregated related party transactions are fair and reasonable for shareholders, reinforcing Zambeef’s adherence to governance requirements under AIM Rules for Companies.
More about Zambeef Product
Zambeef Products plc is Zambia’s largest integrated cold chain food products and agribusiness group, with operations spanning primary production, processing, distribution and retailing of beef, chicken, pork, dairy, fish, flour and stockfeed. The company operates 248 retail outlets across Zambia and West Africa, and runs significant slaughter, poultry, piggery, dairy and large-scale cereal cropping operations in Zambia, alongside a growing presence in Nigeria and Ghana.
Average Trading Volume: 34,405
Technical Sentiment Signal: Sell
Current Market Cap: £17.83M
Find detailed analytics on ZAM stock on TipRanks’ Stock Analysis page.