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An announcement from Zambeef Product ( (GB:ZAM) ) is now available.
Zambeef Products plc has issued a further cautionary announcement regarding the potential impact of British International Investment plc’s (BII) conversion rights on its preference shares. BII, which acquired a significant stake in Zambeef in 2016, has not yet exercised its conversion rights, which increased after the eighth anniversary of their investment. If exercised, this conversion could materially affect the company’s share price, prompting shareholders to exercise caution when dealing with Zambeef’s securities.
More about Zambeef Product
Zambeef Products plc is the largest integrated cold chain food products and agribusiness company in Zambia and one of the largest in the region. It is involved in the primary production, processing, distribution, and retailing of beef, chicken, pork, milk, dairy products, fish, flour, and stockfeed throughout Zambia and the surrounding region, as well as Nigeria and Ghana. The company operates 236 retail outlets in Zambia and West Africa, and is a major supplier of beef, chicken, and pork with significant production capacities.
YTD Price Performance: 40.0%
Average Trading Volume: 186,621
Technical Sentiment Signal: Strong Buy
Current Market Cap: £18.23M
See more insights into ZAM stock on TipRanks’ Stock Analysis page.