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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 conversion of preference shares held by British International Investment plc (BII) into ordinary shares. This conversion, following the eighth anniversary of BII’s investment, could significantly impact the company’s share price. Shareholders are advised to exercise caution when dealing in the company’s securities due to the potential material effect on the price of 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 across Zambia and West Africa and is a major supplier of beef, chicken, and pork, with significant production capacities in each category. Additionally, Zambeef is a key player in cereal row cropping operations in Zambia.
Average Trading Volume: 153,446
Technical Sentiment Signal: Strong Sell
Current Market Cap: £16.03M
Find detailed analytics on ZAM stock on TipRanks’ Stock Analysis page.