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The latest announcement is out from Zambeef Product ( (GB:ZAM) ).
Zambeef Products plc has issued a further cautionary announcement regarding the potential impact of British International Investment plc’s (BII) conversion rights on their preference shares. Following the eighth anniversary of BII’s investment, their conversion rights have increased, potentially affecting the price of Zambeef’s securities. Shareholders are advised to exercise caution when dealing with the company’s securities, as this conversion could materially impact the company’s stock price.
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 throughout Zambia and West Africa and is a major supplier of beef, chicken, and pork, with significant capacities in slaughtering and processing. Additionally, Zambeef has extensive cereal row cropping operations in Zambia.
Average Trading Volume: 160,779
Technical Sentiment Signal: Hold
Current Market Cap: £19.23M
See more data about ZAM stock on TipRanks’ Stock Analysis page.