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Zambeef Product ( (GB:ZAM) ) has issued an update.
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 with Zambeef’s securities.
More about Zambeef Product
Zambeef Products plc is a leading integrated cold chain food products and agribusiness company in Zambia, with operations extending to Nigeria and Ghana. The company is involved in the production, processing, distribution, and retailing of various food products including beef, chicken, pork, milk, dairy products, fish, flour, and stockfeed. It operates 236 retail outlets across Zambia and West Africa, and is one of the largest suppliers of beef, chicken, and pork in Zambia. Zambeef also has significant cereal row cropping operations.
Average Trading Volume: 95,441
Technical Sentiment Signal: Hold
Current Market Cap: £20.43M
For an in-depth examination of ZAM stock, go to TipRanks’ Overview page.