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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 preference shares. Following the eighth anniversary of BII’s investment, the conversion rights have increased, potentially affecting the company’s share price. Shareholders are advised to exercise caution when dealing in the company’s securities due to the material effect this conversion may have.
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. The company 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. It operates 236 retail outlets across Zambia and West Africa, and is a major supplier of beef, chicken, and pork in Zambia, with significant capacities in slaughtering and production.
Average Trading Volume: 76,929
Technical Sentiment Signal: Strong Sell
Current Market Cap: £16.43M
Learn more about ZAM stock on TipRanks’ Stock Analysis page.