Zambeef to Convert BII Preference Shares, Doubling Ordinary Share Capital

Zambeef Product ( (GB:ZAM) ) has shared an announcement.

Zambeef Products, a leading integrated cold chain food producer and retailer in Zambia with operations in Nigeria and Ghana, spans the value chain from primary production to retailing of meat, dairy, fish, flour and stockfeed, underpinned by significant livestock, dairy and row-crop capacity. The group also operates 248 retail outlets across Zambia and West Africa, cementing its position as a key supplier of beef, poultry and other staples in the region.

The company has received notice from British International Investment to convert all 100,057,658 of its preference shares into 308,511,112 ordinary shares, effective 29 April 2026, following shareholder approval of a waiver resolution. After the conversion, Zambeef’s total ordinary share capital and voting rights will rise to 609,090,742 shares, with the new shares to be admitted to trading on both the Lusaka Securities Exchange and London’s AIM, reshaping the company’s capital structure and altering shareholder voting dynamics.

More about Zambeef Product

Zambeef Products is the largest integrated cold chain food products and agribusiness company in Zambia and a major regional player, operating across Zambia, Nigeria and Ghana. It is involved in the primary production, processing, distribution and retailing of beef, chicken, pork, dairy, fish, flour and stockfeed, supported by extensive abattoir, poultry, piggery, dairy and large-scale row cropping operations, and a network of 248 retail outlets in Zambia and West Africa.

Average Trading Volume: 36,940

Technical Sentiment Signal: Sell

Current Market Cap: £18.03M

For a thorough assessment of ZAM stock, go to TipRanks’ Stock Analysis page.