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The latest announcement is out from Zambeef Product ( (GB:ZAM) ).
Zambeef Products has warned shareholders to continue exercising caution when dealing in its securities following a change in conversion terms related to British International Investment’s (BII) preference shareholding. After the eighth anniversary of BII’s 2016 investment, the conversion ratio on its 100,057,658 convertible redeemable preference shares increased from one-for-one to 1-for-3.0833 ordinary shares, a shift that could materially affect Zambeef’s share price if BII opts to convert, with potential implications for the company’s capital structure and equity ownership dynamics.
More about Zambeef Product
Zambeef Products plc is Zambia’s largest integrated cold-chain food and agribusiness group, 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, with substantial capacity in beef, poultry, pork and dairy, as well as one of the country’s largest cereal row-cropping operations under both irrigation and rainfed production.
Average Trading Volume: 61,386
Technical Sentiment Signal: Hold
Current Market Cap: £19.23M
For a thorough assessment of ZAM stock, go to TipRanks’ Stock Analysis page.