Compendium of 2003 LuSE Market News
-January 2004-
January 16, 2004
Pamodzi Hotels Plc - Interim Results
Interim results of the Company show an increase in turnover by 39% compared to the same period last year. The recorded interim turnover was K 9,359 million. The profit after tax for the first six months in the financial year is K 159 million compared to K (1,540) million in the previous year for the same period. Due to the extensive capital expenditure incurred by the Company and the ongoing renovations, the Board of Directors has not recommended an interim dividend.
British American Tobacco Plc - Interim Dividend
The Company declared an interim dividend of K 34.00 per share, with the record date being 27 December 2003.
Zambeef Products Plc - AGM and Final Results
Zambeef reported its year-end (30th September 2003) results, which showed a 28% increase in turnover from K 87,565 million in the previous year to K 121,778 million. The profit after tax was K 15,559 million, up 73% over the previous year. A dividend of K41.86 per share was proposed at the 19th December 2003 AGM. It was paid out on 31st December 2003.
Shoprite Holdings Limited Listed on the LuSE
The Company announced its six month interim results which had a 5..6% increase in turnover compared to the previous period. The year's turnover was R13.4 billion. The detailed interim results will be published on 17 February 2004. We have significant blocks of Shoprite shares available for sale. For additional information please contact us.
Barclays Bank Zambia to Issue second tranche of Capital Notes
Earlier this year, the SEC approved the issue of 500 12-year notes with a face value of K100.0 million each which pay interest semi-annually at the rate of 125 basis points above the weighted average yield on the 91-day treasury bill per annum. On 22 April Barclays Bank released on the market, the first tranche of 300 notes (from the approved 500 notes). These notes were fully subscribed generating K30.0 billion in additional Tier 2 capital for the Bank. The Bank has now released the second and final tranche comprising of 200 Capital Notes, valued at K 20 billion. Pangaea/EMI Securities served as the local financial advisor and sponsoring broker for the issue. Interested parties should contact us for a copy of the Placing Document.
ZCCM IH Quarterly Summary
The sale of Smelterco and the restructuring of KCM during the financial year have continued to positively impact on the group's financial results for the quarter as compared to June 2002. The group sales of K29,790 million were achieved for the quarter ended 30 June 2003 compared to K86,347 million for the same period in 2002. A net operating profit of K59,011 million was recorded with the main attribute being an exchange gain of K92,063 million arising from the write off of a foreign exchange denominated liability with ZESCO (electricity company) by way of a Government debt swap. Subsequently the quarter ended with the Chibuluma South Mine being approved by Government and the construction of the powerline being awarded to ZESCO
-December-
December 05, 2003
Zambeef Products Plc - AGM
The Company announced its Annual General Meeting for the 19th December 2003 at 10:00 hours. A dividend of K41.86 per share has also been proposed by the Board with record date set for the 18th December 2003. If approved at the AGM, the dividend will be paid by 31 December 2003.
National Breweries Plc - 30 September 2003 Interim Results
Profit before tax of K4,826 million recorded by the Company has increased by 35% compared to the same period last year. No interim dividend has been declared by the Board.
Zambian Breweries Plc - 30 September 2003 Interim Results
The Company recorded an interim profit before tax of K10,756 million (2002: K12,775 million). The profit after tax was 21% less than that of the previous year for the same period at K6,125 million. The Board has declared an interim dividend of K14.00 per share with the record date being 13 December 2003.
28 Days Treasury Bills
The Bank of Zambia has stopped the issue of 28 days treasury bills and we do not anticipate that they will be re-introduced within the foreseeable future.
Zambia Sugar Plc - 30 September 2003 Interim Results
As a result of the adoption of IAS 41 in the current year, revenue was K215,936 million, up 28.7% on last year's interim revenue. The Company has recorded a profit after tax of K44,136 million (2002: K28,411 million) from its activities thus far. An interim dividend of K3.35 has been approved by the Board of Directors with a record date of 14 November 2003 and payable on the 9 January 2004.
New Capital Bank (Z) Plc
The company announced a suspension of trading as it conducts a corporate restructuring exercise, which will have a direct impact on the operations and future status of the Bank. Trading was suspended on the 23rd September 2003 till further notice.
ZCCM-IH
ZCCM-IH announced that following a competitive bidding process for Konkola Copper Mines Plc, Sterlite Industries Limited has been awarded preferred bidder status.
Zambeef Products Plc Quoted on the LuSE
Zambeef shares are currently trading at K 671 per share and 26,862,682 are on offer. Additional information on the company can also be found on www.zambeef.co.zm
Shoprite Holdings Limited Listed on the LuSE
We have significant blocks of Shoprite shares available for sale. For additional information please contact us.
Barclays Bank Zambia to Issue second tranche of Capital Notes
Earlier this year, the SEC approved the issue of 500 12-year notes with a face value of K100.0 million each which pay interest semi-annually at the rate of 125 basis points above the weighted average yield on the 91-day treasury bill per annum. On 22 April Barclays Bank released on the market, the first tranche of 300 notes (from the approved 500 notes). These notes were fully subscribed generating K30.0 billion in additional Tier 2 capital for the Bank. The Bank has now released the second and final tranche comprising of 200 Capital Notes, valued at K 20 billion. Pangaea/EMI Securities served as the local financial advisor and sponsoring broker for the issue, therefore interested parties should contact us for a copy of the Placing Document.
ISIN CODES
The Lusaka Stock Exchange (LuSE) has introduced ISIN Coding for all equities trading over the exchange. The international securities identification number (ISIN) is a code which uniquely identifies a specific securities issue. ISIN has been created to standardise the codes of securities, assigning a unique international code which identifies each asset. Below are the ISIN Codes for companies listed on the LuSE:
BP Zambia (BPZAM) ZM0000000194 Chilanga Cement (CHIL) ZM0000000011 Farmers House (FH) ZM0000000045 National Breweries (NATBREW) ZM0000000086 Pamodzi Hotel (PAMODZI) ZM0000000177 British American Tobacco (BATZ) ZM0000000029 Standard Chartered Bank (SCZ) ZM0000000094 Shoprite Holdings (SHOPRITE) ZAE000012084 ZCCM-IH (ZCCM) ZM0000000037 Zambian Breweries (ZAMBREW) ZM0000000078 Zambia Sugar (ZSUG) ZM0000000052
Arcades Developments (ARCADES) ZM0000000185 BATA Shoe Company (BATA) ZM0000000102 Copperbelt Electricity Corp. (CEC) ZM0000000136 Chibuluma Mines (CHIBM) ZM0000000151 Cyprus Amax Zambia (CYMAX) ZM0000000128 New Capital Bank (NCBNK) ZM0000000110 Zambeef Products (ZAMBEEF) ZM0000000201 We also continue to have sellers of Zambia Sugar, Standard Chartered, Farmers House; and buyers of Chilanga Cement, all in significant blocks. Interested parties should contact us.
-November-
November 28, 2003
National Breweries Plc - 30 September 2003 Interim Results
Profit before tax of K4,826 million recorded by the Company has increased by 35% compared to the same period last year. No interim dividend has been declared by the Board of the Company.
Zambian Breweries Plc - 30 September 2003 Interim Results
The Company recorded an interim profit before tax of K10,756 million (2002: K12,775 million). The profit after tax was 21% less than that of the previous year for the same period at K6,125 million. The Board has declared an interim dividend of K14.00 per share with the record date being 13 December 2003.
28 Days Treasury Bills
The Bank of Zambia has stopped the issue of 28 days treasury bills and we do not anticipate that they will be re-introduced within the foreseeable future.
Zambia Sugar Plc - 30 September 2003 Interim Results
As a result of the adoption of IAS 41 in the current year, revenue was K215,936 million, up 28.7% on last year's interim revenue. The Company has recorded a profit after tax of K44,136 million (2002: K28,411 million) from its activities thus far. An interim dividend of K3.35 has been approved by the Board of Directors with a record date of 14 November 2003 and payable on the 9 January 2004.
BP Zambia Plc - 30 June 2003 Interim Results
Despite revenue (K294,521million) being up by 22.1% compared to last year, the Company posted a net loss of K17,489 million. This represents an increase of 51% in the net loss compared to the results of the same period last year. This can be attributed mainly to an exceptional item (details not disclosed in the report) totaling K16,092 million.
British American Tobacco Plc - 30 June 2003 Interim Results
The Company's operating profit increased by 81% by registering a profit of K2,650 million. The Board remains cautious regarding the significant volumes of unauthorised Zimbabwe products evident on the Zambian market and as such no interim dividend has been declared.
New Capital Bank (Z) Plc
The company announced a suspension of trading as it conducts a corporate restructuring exercise, which will have a direct impact on the operations and future status of the Bank. Trading was suspended on the 23rd September 2003 till further notice.
ZCCM-IH
ZCCM-IH announced that following a competitive bidding process for Konkola Copper Mines Plc, Sterlite Industries Limited has been awarded preferred bidder status.
Zambeef Products Plc Quoted on the LuSE
Zambeef shares are currently trading at K 671 per share and 26,862,682 are on offer. Additional information on the company can also be found on www.zambeef.co.zm
Shoprite Holdings Limited Listed on the LuSE
We have significant blocks of Shoprite shares available for sale. For additional information please contact us.
Barclays Bank Zambia to Issue second tranche of Capital Notes
Earlier this year, the SEC approved the issue of 500 12-year notes with a face value of K100.0 million each which pay interest semi-annually at the rate of 125 basis points above the weighted average yield on the 91-day treasury bill per annum. On 22 April Barclays Bank released on the market, the first tranche of 300 notes (from the approved 500 notes). These notes were fully subscribed generating K30.0 billion in additional Tier 2 capital for the Bank. The Bank has now released the second and final tranche comprising of 200 Capital Notes, valued at K 20 billion. Pangaea/EMI Securities served as the local financial advisor and sponsoring broker for the issue, therefore interested parties should contact us for a copy of the Placing Document.
We also continue to have sellers of Zambia Sugar, Standard Chartered, Farmers House; and buyers of Chilanga Cement, all in significant blocks. Interested parties should contact us.
-October-
October 23, 2003
Zambia Sugar Plc - 30 September 2003 Interim Results
As a result of the adoption of IAS 41 in the current year, revenue was K215,936 million, up 28.7% on last year's interim revenue. The Company has recorded a profit after tax of K44,136 million (2002: K28,411 million) from its activities thus far. An interim dividend of K3.35 has been approved by the Board of Directors with a record date of 14 November 2003 and payable on the 9 January 2004.
BP Zambia Plc - 30 June 2003 Interim Results
Despite revenue (K294,521million) being up by 22.1% compared to last year, the Company posted a net loss of K17,489 million. This represents an increase of 51% increase in the net loss compared to the results of the same period last year. This can be attributed mainly to an exceptional item totaling K16,092 million.
Chilanga Cement Plc - 30 June 2003 Interim Results
A net turnover of K80,329 million (2002: K48,360 million) generating a profit after tax of K18,348 million, 159% over last year's performance for the same period. This was recorded by the Company during the first six months of 2003 financial year. The Board of Directors has declared an interim dividend of K20.00 per share with 28 October as the record date.
Standard Chartered Bank Plc - 30 June 2003 Interim Results
The Bank has recorded a profit after tax of K18,086 million and for the first time, an interim dividend of K4.00 per share has been approved by the Board of Directors. The record date is 16 October 2003.
British American Tobacco Plc - 30 June 2003 Interim Results
The Company's operating profit increased by 81% by registering a profit of K2,650 million. The Board remains cautious regarding the significant volumes of unauthorised Zimbabwe products evident on the Zambian market and as such no interim dividend has been declared.
New Capital Bank (Z) Plc
The company announced a suspension of trading as it conducts a corporate restructuring exercise, which will have a direct impact on the operations and future status of the Bank. Trading was suspended on the 23rd September 2003 till further notice.
ZCCM-IH
ZCCM-IH announced that following a competitive bidding process for Konkola Copper Mines Plc, Sterlite Industries Limited has been awarded preferred bidder status.
Zambeef Products Plc Quoted on the LuSE
Zambeef shares are currently trading at K 671 per share and 26,941,768 are on offer. Additional information on the company can also be found on www.zambeef.co.zm
Shoprite Holdings Limited Listed on the LuSE
We have significant blocks of Shoprite shares available for sale. For additional information please contact us.
Barclays Bank Zambia to Issue second tranche of Capital Notes
Earlier this year, the SEC approved the issue of 500 12-year notes with a face value of K100.0 million each which pay interest semi-annually at the rate of 125 basis points above the weighted average yield on the 91-day treasury bill per annum. On 22 April Barclays Bank released on the market, the first tranche of 300 notes (from the approved 500 notes). These notes were fully subscribed generating a turnover of K30.0 billion. The Bank has now released the second and final tranche comprising of 200 Capital Notes, valued at K 20 billion. Pangaea/EMI Securities served as the local financial advisor and sponsoring broker for the issue, therefore interested parties should contact us for a copy of the Placing Document.
October 17, 2003
Zambia Sugar Plc - 30 September 2003 Interim Results
As a result of the adoption of IAS 41 in the current year, revenue was K215,936 million, up 28.7% on last year's interim revenue. The Company has recorded a profit after tax of K44,136 million (2002: K28,411 million) from its activities thus far. An interim dividend of K3.35 has been approved by the Board of Directors with a record date of 14 November 2003 and payable on the 9 January 2004.
BP Zambia Plc - 30 June 2003 Interim Results
Despite revenue (K294,521million) being up by 22.1% compared to last year, the Company posted a net loss of K17,489 million. This represents an increase of 51% increase in the net loss compared to the results of the same period last year. This can be attributed mainly to an exceptional item totaling K16,092 million.
Chilanga Cement Plc - 30 June 2003 Interim Results
A net turnover of K80,329 million (2002: K48,360 million) generating a profit after tax of K18,348 million, 159% over last year's performance for the same period. This was recorded by the Company during the first six months of 2003 financial year. The Board of Directors has declared an interim dividend of K20.00 per share with 28 October as the record date.
Standard Chartered Bank Plc - 30 June 2003 Interim Results
The Bank has recorded a profit after tax of K18,086 million and for the first time, an interim dividend of K4.00 per share has been approved by the Board of Directors. The record date is 16 October 2003.
British American Tobacco Plc - 30 June 2003 Interim Results
The Company's operating profit increased by 81% by registering a profit of K2,650 million. The Board remains cautious regarding the significant volumes of unauthorised Zimbabwe products evident on the Zambian market and as such no interim dividend has been declared.
New Capital Bank (Z) Plc
The company announced a suspension of trading as it conducts a corporate restructuring exercise, which will have a direct impact on the operations and future status of the Bank. Trading was suspended on the 23rd September 2003 till further notice.
ZCCM-IH
ZCCM-IH announced that following a competitive bidding process for Konkola Copper Mines Plc, Sterlite Industries Limited has been awarded preferred bidder status.
Zambeef Products Plc Quoted on the LuSE
Zambeef shares are currently trading at K 671 per share and 26,941,768 are on offer. Additional information on the company can also be found on www.zambeef.co.zm
Shoprite Holdings Limited Listed on the LuSE
We have significant blocks of Shoprite shares available for sale. For additional information please contact us.
Barclays Bank Zambia to Issue K 50.0 Billion in 12-Year Notes
Following approvals by both the Securities and Exchange Commission (SEC) and the Lusaka Stock Exchange (LuSE) for the registration and listing, respectively, the Barclays offer of 500, 12-year notes having a face value of K 100.0 million each opened on 22 April. The notes, which pay interest semi-annually at the rate of 125 basis points above the weighted average yield on the 91-day treasury bill per annum, will expand the bank's Tier II capital and permit it to begin longer term lending to its corporate clients. The first such security of its kind to be issued in Zambia and by far the largest issue directed at the local institutional market, the bank intends to complete the offer via a private placement which will close on 9 May. There are currently 200 Capital Notes available to be taken up by financial institutions. Pangaea/EMI Securities served as the local financial advisor and sponsoring broker for the issue. Interested parties should contact us for a copy of the Placing Document.
October 10, 2003
BP Zambia Plc - 30 June 2003 Interim Results
Despite revenue (K294,521million) being up by 22.1% compared to last year, the Company posted a net loss of K17,489 million. This represents an increase of 51% increase in the net loss compared to the results of the same period last year. This can be attributed mainly to an exceptional item totaling K16,092 million.
Chilanga Cement Plc - 30 June 2003 Interim Results
A net turnover of K80,329 million (2002: K48,360 million) generating a profit after tax of K18,348 million, 159% over last year's performance for the same period. This was recorded by the Company during the first six months of 2003 financial year. The Board of Directors has declared an interim dividend of K20.00 per share with 28 October as the record date.
Standard Chartered Bank Plc - 30 June 2003 Interim Results
The Bank has recorded a profit after tax of K18,086 million and for the first time, an interim dividend of K4.00 per share has been approved by the Board of Directors. The record date is 16 October 2003.
British American Tobacco Plc - 30 June 2003 Interim Results
The Company's operating profit increased by 81% by registering a profit of K2,650 million. The Board remains cautious regarding the significant volumes of unauthorised Zimbabwe products evident on the Zambian market and as such no interim dividend has been declared.
New Capital Bank (Z) Plc
The company announced a suspension of trading as it conducts a corporate restructuring exercise, which will have a direct impact on the operations and future status of the Bank. Trading was suspended on the 23rd September 2003 till further notice.
ZCCM-IH
ZCCM-IH announced that following a competitive bidding process for Konkola Copper Mines Plc, Sterlite Industries Limited has been awarded preferred bidder status.
Zambeef Products Plc Quoted on the LuSE
Zambeef shares are currently trading at K 671 per share and 26,941,768 are on offer. Additional information on the company can also be found on www.zambeef.co.zm
Shoprite Holdings Limited Listed on the LuSE
We have significant blocks of Shoprite shares available for sale. For additional information please contact us.
Barclays Bank Zambia to Issue K 50.0 Billion in 12-Year Notes
Following approvals by both the Securities and Exchange Commission (SEC) and the Lusaka Stock Exchange (LuSE) for the registration and listing, respectively, the Barclays offer of 500, 12-year notes having a face value of K 100.0 million each opened on 22 April. The notes, which pay interest semi-annually at the rate of 125 basis points above the weighted average yield on the 91-day treasury bill per annum, will expand the bank's Tier II capital and permit it to begin longer term lending to its corporate clients. The first such security of its kind to be issued in Zambia and by far the largest issue directed at the local institutional market, the bank intends to complete the offer via a private placement which will close on 9 May. There are currently 200 Capital Notes available to be taken up by financial institutions. Pangaea/EMI Securities served as the local financial advisor and sponsoring broker for the issue. Interested parties should contact us for a copy of the Placing Document.
-September-
September 26, 2003
New Capital Bank (Z) Plc
The company announced a suspension of trading as it conducts a corporate restructuring exercise, which will have a direct impact on the operations and future status of the Bank. Trading was suspended on the 23rd September 2003 till further notice.
ZCCM-IH
ZCCM-IH announced that following a competitive bidding process for Konkola Copper Mines Plc, Sterlite Industries Limited has been awarded preferred bidder status.
Zambeef Products Plc Quoted on the LuSE
Zambeef shares are currently trading at K 671 per share and 26,941,768 are on offer. Additional information on the company can also be found on www.zambeef.co.zm
Shoprite Holdings Limited Listed on the LuSE
We have significant blocks of Shoprite shares available for sale. For additional information please contact us.
Barclays Bank Zambia to Issue K 50.0 Billion in 12-Year Notes
Following approvals by both the Securities and Exchange Commission (SEC) and the Lusaka Stock Exchange (LuSE) for the registration and listing, respectively, the Barclays offer of 500, 12-year notes having a face value of K 100.0 million each opened on 22 April. The notes, which pay interest semi-annually at the rate of 125 basis points above the weighted average yield on the 91-day treasury bill per annum, will expand the bank's Tier II capital and permit it to begin longer term lending to its corporate clients. The first such security of its kind to be issued in Zambia and by far the largest issue directed at the local institutional market, the bank intends to complete the offer via a private placement which will close on 9 May. There are currently 200 Capital Notes available to be taken up by financial institutions. Pangaea/EMI Securities served as the local financial advisor and sponsoring broker for the issue. Interested parties should contact us for a copy of the Placing Document.
September 12, 2003
ZCCM-IH
ZCCM-IH announced that following a competitive bidding process for Konkola Copper Mines Plc, Sterlite Industries Limited has been awarded preferred bidder status.
Zambeef Products Plc Quoted on the LuSE
Zambeef shares are currently trading at K 671 per share and 26,941,768 are on offer. Additional information on the company can also be found on www.zambeef.co.zm
Shoprite Holdings Limited Listed on the LuSE
We have significant blocks of Shoprite shares available for sale. For additional information please contact us.
Barclays Bank Zambia to Issue K 50.0 Billion in 12-Year Notes
Following approvals by both the Securities and Exchange Commission (SEC) and the Lusaka Stock Exchange (LuSE) for the registration and listing, respectively, the Barclays offer of 500, 12-year notes having a face value of K 100.0 million each opened on 22 April. The notes, which pay interest semi-annually at the rate of 125 basis points above the weighted average yield on the 91-day treasury bill per annum, will expand the bank's Tier II capital and permit it to begin longer term lending to its corporate clients. The first such security of its kind to be issued in Zambia and by far the largest issue directed at the local institutional market, the bank intends to complete the offer via a private placement which will close on 9 May. There are currently 200 Capital Notes available to be taken up by financial institutions. Pangaea/EMI Securities served as the local financial advisor and sponsoring broker for the issue. Interested parties should contact us for a copy of the Placing Document.
ISIN CODES
The Lusaka Stock Exchange (LuSE) has introduced ISIN Coding for all equities trading over the exchange. The international securities identification number (ISIN) is a code which uniquely identifies a specific securities issue. ISIN has been created to standardise the codes of securities, assigning a unique international code which identifies each asset. Below are the ISIN Codes for companies listed on the LuSE:
BP Zambia (BPZAM) ZM0000000194 Chilanga Cement (CHIL) ZM0000000011 Farmers House (FH) ZM0000000045 Farmers House (FH PREF) National Breweries (NATBREW) ZM0000000086 Pamodzi Hotel (PAMODZI) ZM0000000177 British American Tobacco (BATZ) ZM0000000029 Standard Chartered Bank (SCZ) ZM0000000094 Shoprite Holdings (SHOPRITE) ZM0000012084 ZCCM-IH (ZCCM) ZM0000000037 Zambian Breweries (ZAMBREW) ZM0000000078 Zambia Sugar (ZSUG) ZM0000000052
Arcades Developments (ARCADES) ZM0000000185 BATA Shoe Company (BATA) ZM0000000102 Copperbelt Electricity Corp. (CEC) ZM0000000136 Chibuluma Mines Plc (CHIBM) ZM0000000151 Cyprus Amax Zambia (CYMAX) ZM0000000128 New Capital Bank (NCBNK) ZM0000000110 Zambeef Products (ZAMBEEF) ZM0000000201 -August-
August 15, 2003
Farmers House
The company announced results for the year ending 31 March 2003 with revenues being 45% over the prior year K 3.56bn (2002: K 2.45bn) and PAT at K 631 million (2002: K 1,404 million). A dividend of K 20.00 per share will be payable on 30 July 2003, the record date being 25 June 2003, same date as the AGM.
Zambian Breweries Plc Mandatory Offer (*)
The mandatory offer closed on 10 June 2003 and settlement was on 13 June 2003. Of the 13 million eligible shares, only 3,206,271were traded and taken up by SABMiller Africa B.V., thus increasing their shareholding in Zambian Breweries Plc to 87.13% from 86.25%.
Zambian Breweries Plc
The company recorded profits before tax of K28,132 million against K19,102 million from last year. Profits after tax were K15,769 million, with a final dividend of K21per share being proposed. The record date is 13 June 2003. The company's AGM is on 26 June 2003.
ZCCM-IH
ZCCM-IH announced that following a competitive bidding process for Konkola Copper Mines Plc, Sterlite Industries Limited has been awarded preferred bidder status.
National Breweries Plc
The company announced audited results for the financial year ending 31 March 2003. Profits before tax are K9,252 million and a profit after tax of K6,847 million. A final dividend of K76.08 per share was declared payable on 1 August 2003. The AGM and record date for the final dividend is on 27 June 2003.
Zambeef Products Plc Quoted on the LuSE
Zambeef shares are currently trading at K 671 per share and 26,941,768 are on offer. Additional information on the company can also be found on www.zambeef.co.zm
Shoprite Holdings Limited Listed on the LuSE
We have significant blocks of Shoprite shares available for sale. For additional information please contact us.
Zambia Sugar Plc
The announced another interim dividend of K 2.05 (2002: nil) after an earlier interim dividend of K 2.15 (2002: K 1.00), with the record date set at 13 May 2003. A final dividend of K 2.00 (2002: K 2.00) has also been proposed for the AGM to be held on 4 July 2003. This will result in a total dividend of K 6.00 compared to K 3.00 from 2002.
Barclays Bank Zambia to Issue K 50.0 Billion in 12-Year Notes
Following approvals by both the Securities and Exchange Commission (SEC) and the Lusaka Stock Exchange (LuSE) for the registration and listing, respectively, the Barclays offer of 500, 12-year notes having a face value of K 100.0 million each opened on 22 April. The notes, which pay interest semi-annually at the rate of 125 basis points above the weighted average yield on the 91-day treasury bill per annum, will expand the bank's Tier II capital and permit it to begin longer term lending to its corporate clients. The first such security of its kind to be issued in Zambia and by far the largest issue directed at the local institutional market, the bank intends to complete the offer via a private placement which will close on 9 May. There are currently 200 Capital Notes available to be taken up by financial institutions. Pangaea/EMI Securities served as the local financial advisor and sponsoring broker for the issue. Interested parties should contact us for a copy of the Placing Document.
We also continue to have sellers of Zambia Sugar, Standard Chartered, Farmers House, and British American Tobacco shares; and buyers of Chilanga Cement, all in significant blocks. Interested parties should contact us.
-June-
June 20, 2003
Farmers House
The company announced results for the year ending 31 March 2003 with revenues being 45% over the prior year K 3.56bn (2002: K 2.45bn) and PAT at K 631 million (2002: K 1,404 million). A dividend of K 20.00 per share will be payable on 30 July 2003, the record date being 25 June 2003, same date as the AGM.
Zambian Breweries Plc Mandatory Offer (*)
The mandatory offer closed on 10 June 2003 and settlement was on 13 June 2003. Of the 13 million eligible shares, only 3,206,271were traded and taken up by SABMiller Africa B.V., thus increasing their shareholding in Zambian Breweries Plc to 87.13% from 86.25%.
Zambian Breweries Plc
The company recorded profits before tax of K28,132 million against K19,102 million from last year. Profits after tax were K15,769 million, with a final dividend of K21per share being proposed. The record date is 13 June 2003. The company's AGM is on 26 June 2003.
ZCCM-IH
ZCCM-IH announced that following a competitive bidding process for Konkola Copper Mines Plc, Sterlite Industries Limited has been awarded preferred bidder status.
National Breweries Plc
The company announced audited results for the financial year ending 31 March 2003. Profits before tax are K9,252 million and a profit after tax of K6,847 million. A final dividend of K76.08 per share was declared payable on 1 August 2003. The AGM and record date for the final dividend is on 27 June 2003.
Zambeef Products Plc Quoted on the LuSE
Zambeef shares are currently trading at K 671 per share and 26,941,768 are on offer. Additional information on the company can also be found on www.zambeef.co.zm
Shoprite Holdings Limited Listed on the LuSE
We have significant blocks of Shoprite shares available for sale. For additional information please contact us
Zambia Sugar Plc
The announced another interim dividend of K 2.05 (2002: nil) after an earlier interim dividend of K 2.15 (2002: K 1.00), with the record date set at 13 May 2003. A final dividend of K 2.00 (2002: K 2.00) has also been proposed for the AGM to be held on 4 July 2003. This will result in a total dividend of K 6.00 compared to K 3.00 from 2002.
Barclays Bank Zambia to Issue K 50.0 Billion in 12-Year Notes
Following approvals by both the Securities and Exchange Commission (SEC) and the Lusaka Stock Exchange (LuSE) for the registration and listing, respectively, the Barclays offer of 500, 12-year notes having a face value of K 100.0 million each opened on 22 April. The notes, which pay interest semi-annually at the rate of 125 basis points above the weighted average yield on the 91-day treasury bill per annum, will expand the bank's Tier II capital and permit it to begin longer term lending to its corporate clients. The first such security of its kind to be issued in Zambia and by far the largest issue directed at the local institutional market, the bank intends to complete the offer via a private placement which will close on 9 May. Pangaea/EMI Securities served as the local financial advisor and sponsoring broker for the issue. Interested parties should contact us for a copy of the Placing Document.
June 13, 2003
Farmers House
The company announced results for the year ending 31 March 2003 with revenues being 45% over the prior year K 3.56bn (2002: K 2.45bn) and PAT at K 631 million (2002: K 1,404 million). A dividend of K 20.00 per share will be payable on 30 July 2003, the record date being 25 June 2003, same date as the AGM.
Zambian Breweries Plc Mandatory Offer (*)
Trade date for the mandatory offer is 10 June 2003 and settlement will be 13 June 2003.
Zambian Breweries Plc
The company recorded profits before tax of K28,132 million against K19,102 million from last year. Profits after tax were K15,769 million, with a final dividend of K21per share being proposed. The record date is 13 June 2003.
ZCCM-IH
ZCCM-IH announced that following a competitive bidding process for Konkola Copper Mines Plc, Sterlite Industries Limited has been awarded preferred bidder status.
National Breweries Plc
The company announced audited results for the financial year ending 31 March 2003. Profits before tax are K9,252 million and a profit after tax of K6,847 million. A final dividend of K76.08 per share was declared payable on 1 August 2003. Record date for the dividend is 27 June 2003.
Zambeef Products Plc Quoted on the LuSE
Zambeef Products, a Zambian company involved in the intensive production, processing, distribution, and retailing of beef products, in addition to being a large player in Zambia's poultry and dairy industries, the tanning business, and cropping had its shares quoted on the Lusaka Stock Exchange effective 14 February 2003. Several of the major shareholders have agreed to sell shares into the market to increase the public float and liquidity of the stock. These shareholders are offering to sell up to 25% of the issued shares in the company at a price per share of K 671.00. Just over 28 million shares have been placed with Pangaea/EMI Securities for sale. In addition, applications for shares are being made available in the company's 65 retail butcheries throughout Zambia in an effort to broaden the Zambian shareholding base in the company. For the financial year ending 30 September 2002, the company posted an after tax profit of just under K 9.0 billion. For the first quarter of the 2002/03 financial year, Grant Thornton's review of the performance showed a profit after tax of just over K 4.0 billion. The company has aggressive expansion plans, particularly into the DRC (where they are likely to get management of the retail butcheries in Shoprite's planned new stores-initially in Lumumbashi-similar to the agreement they have with Shoprite in Zambia). They are also expanding their dairy and poultry operations and will also go into egg production.
Pangaea/EMI Securities served as financial advisor and sponsoring broker for the quotation.
We have begun to see strong local institutional interest in the stock as several such institutions have already taken up sizeable blocks of the shares on offer. We anticipate several more in the coming week.
Shoprite Holdings Limited Listed on the LuSE
Effective 19 February 2003, Shoprite Holdings Limited secured a secondary listing on the market in Zambia. They have placed 2.7 million shares in the LuSE Central Shares Depository, and we have been given an order to sell at a price per share of K 4,200. This represents the first dual listing of a South African company on the LuSE and is part of Shoprite's regional strategy as it is the second such "secondary" listing it has secured, the first being on the Namibian exchange. Pangaea/EMI Securities served as local financial advisor and co-sponsoring broker for the listing.
As indicated above, we have significant blocks of both Zambeef and Shoprite shares available for sale at the prices specified. For additional information please contact us on both of these new quotations on the LuSE.
Barclays Bank Zambia to Issue K 50.0 Billion in 12-Year Notes
Following approvals by both the Securities and Exchange Commission (SEC) and the Lusaka Stock Exchange (LuSE) for the registration and listing, respectively, the Barclays offer of 500, 12-year notes having a face value of K 100.0 million each opened on 22 April. The notes, which pay interest semi-annually at the rate of 125 basis points above the weighted average yield on the 91-day treasury bill per annum, will expand the bank's Tier II capital and permit it to begin longer term lending to its corporate clients. The first such security of its kind to be issued in Zambia and by far the largest issue directed at the local institutional market, the bank intends to complete the offer via a private placement which will close on 9 May. Pangaea/EMI Securities served as the local financial advisor and sponsoring broker for the issue. Interested parties should contact us for a copy of the Placing Document.
-May-
May 30, 2003
BATA
For the financial year ended 31 December 2002, the company recorded an absorbed loss of K2,604.9 million (K2001: K1,070.8 million). The AGM will he held on 30 May 2003
Zambian Breweries Plc Mandatory Offer (*)
Trade date for the mandatory offer is 10 June 2003 and settlement will be 13 June 2003.
Zambian Breweries Plc
The company recorded profits before tax of K28,132 million against K19,102 million from last year. Profits after tax were K15,769 million, with a final dividend of K21per share being proposed. The record date is 13 June 2003.
ZCCM-IH
ZCCM-IH announced that following a competitive bidding process for Konkola Copper Mines Plc, Sterlite Industries Limited has been awarded preferred bidder status.
National Breweries Plc
The company announced audited results for the financial year ending 31 March 2003. Profits before tax are K9,252 million and a profit after tax of K6,847 million. A final dividend of K76.08 per share was declared payable on 1 August 2003. Record date for the dividend is 27 June 2003.
Zambeef Products Plc Quoted on the LuSE
Zambeef Products, a Zambian company involved in the intensive production, processing, distribution, and retailing of beef products, in addition to being a large player in Zambia's poultry and dairy industries, the tanning business, and cropping had its shares quoted on the Lusaka Stock Exchange effective 14 February 2003. Several of the major shareholders have agreed to sell shares into the market to increase the public float and liquidity of the stock. These shareholders are offering to sell up to 25% of the issued shares in the company at a price per share of K 671.00. Just over 28 million shares have been placed with Pangaea/EMI Securities for sale. In addition, applications for shares are being made available in the company's 65 retail butcheries throughout Zambia in an effort to broaden the Zambian shareholding base in the company. For the financial year ending 30 September 2002, the company posted an after tax profit of just under K 9.0 billion. For the first quarter of the 2002/03 financial year, Grant Thornton's review of the performance showed a profit after tax of just over K 4.0 billion. The company has aggressive expansion plans, particularly into the DRC (where they are likely to get management of the retail butcheries in Shoprite's planned new stores-initially in Lumumbashi-similar to the agreement they have with Shoprite in Zambia). They are also expanding their dairy and poultry operations and will also go into egg production.
Pangaea/EMI Securities served as financial advisor and sponsoring broker for the quotation.
We have begun to see strong local institutional interest in the stock as several such institutions have already taken up sizeable blocks of the shares on offer. We anticipate several more in the coming week.
Shoprite Holdings Limited Listed on the LuSE
Effective 19 February 2003, Shoprite Holdings Limited secured a secondary listing on the market in Zambia. They have placed 2.7 million shares in the LuSE Central Shares Depository, and we have been given an order to sell at a price per share of K 4,200. This represents the first dual listing of a South African company on the LuSE and is part of Shoprite's regional strategy as it is the second such "secondary" listing it has secured, the first being on the Namibian exchange. Pangaea/EMI Securities served as local financial advisor and co-sponsoring broker for the listing.
As indicated above, we have significant blocks of both Zambeef and Shoprite shares available for sale at the prices specified. For additional information please contact us on both of these new quotations on the LuSE.
Barclays Bank Zambia to Issue K 50.0 Billion in 12-Year Notes
Following approvals by both the Securities and Exchange Commission (SEC) and the Lusaka Stock Exchange (LuSE) for the registration and listing, respectively, the Barclays offer of 500, 12-year notes having a face value of K 100.0 million each opened on 22 April. The notes, which pay interest semi-annually at the rate of 125 basis points above the weighted average yield on the 91-day treasury bill per annum, will expand the bank's Tier II capital and permit it to begin longer term lending to its corporate clients. The first such security of its kind to be issued in Zambia and by far the largest issue directed at the local institutional market, the bank intends to complete the offer via a private placement which will close on 9 May. Pangaea/EMI Securities served as the local financial advisor and sponsoring broker for the issue. Interested parties should contact us for a copy of the Placing Document.
We also continue to have sellers of Zambia Sugar, Standard Chartered, Farmers House, and British American Tobacco shares; and buyers of Chilanga Cement, all in significant blocks. Interested parties should contact us.
May 16, 2003
BATA
For the financial year ended 31 December 2002, the company recorded an absorbed loss of K2,604.9 million (K2001: K1,070.8 million). The AGM will he held on 30 May 2003.
Zambian Breweries Plc Suspends trading (*)
Zambian Breweries wishes to inform eligible minority shareholders that SABMiller Africa B.V. (Formerly South African Breweries International (SABI)) has been directed by the Securities and Exchange Commission (SEC) to make a mandatory offer to eligible shareholders of the Company. The trading of Zambian Breweries Plc shares has been suspended to facilitate the mandatory offer being made by SABMiller to eligible minority shareholders of the company. The temporal suspension will permit completion of the offer register of eligible minority shareholders and will give the market an opportunity to adjust to the mandatory offer share price of K505.00.
ZCCM-IH
ZCCM-IH announced that following a competitive bidding process for Konkola Copper Mines Plc, Sterlite Industries Limited has been awarded preferred bidder status.
Zambeef Products Plc Quoted on the LuSE
Zambeef Products, a Zambian company involved in the intensive production, processing, distribution, and retailing of beef products, in addition to being a large player in Zambia's poultry and dairy industries, the tanning business, and cropping had its shares quoted on the Lusaka Stock Exchange effective 14 February 2003. Several of the major shareholders have agreed to sell shares into the market to increase the public float and liquidity of the stock. These shareholders are offering to sell up to 25% of the issued shares in the company at a price per share of K 671.00. Just over 28 million shares have been placed with Pangaea/EMI Securities for sale. In addition, applications for shares are being made available in the company's 65 retail butcheries throughout Zambia in an effort to broaden the Zambian shareholding base in the company. For the financial year ending 30 September 2002, the company posted an after tax profit of just under K 9.0 billion. For the first quarter of the 2002/03 financial year, Grant Thornton's review of the performance showed a profit after tax of just over K 4.0 billion. The company has aggressive expansion plans, particularly into the DRC (where they are likely to get management of the retail butcheries in Shoprite's planned new stores-initially in Lumumbashi-similar to the agreement they have with Shoprite in Zambia). They are also expanding their dairy and poultry operations and will also go into egg production.
Pangaea/EMI Securities served as financial advisor and sponsoring broker for the quotation.We have begun to see strong local institutional interest in the stock as several such institutions have already taken up sizeable blocks of the shares on offer. We anticipate several more in the coming week.
Shoprite Holdings Limited Listed on the LuSE
Effective 19 February 2003, Shoprite Holdings Limited secured a secondary listing on the market in Zambia. They have placed 2.7 million shares in the LuSE Central Shares Depository, and we have been given an order to sell at a price per share of K 4,200. This represents the first dual listing of a South African company on the LuSE and is part of Shoprite's regional strategy as it is the second such "secondary" listing it has secured, the first being on the Namibian exchange. Pangaea/EMI Securities served as local financial advisor and co-sponsoring broker for the listing.
As indicated above, we have significant blocks of both Zambeef and Shoprite shares available for sale at the prices specified. For additional information please contact us on both of these new quotations on the LuSE.
Barclays Bank Zambia to Issue K 50.0 Billion in 12-Year Notes
Following approvals by both the Securities and Exchange Commission (SEC) and the Lusaka Stock Exchange (LuSE) for the registration and listing, respectively, the Barclays offer of 500, 12-year notes having a face value of K 100.0 million each opened on 22 April. The notes, which pay interest semi-annually at the rate of 125 basis points above the weighted average yield on the 91-day treasury bill per annum, will expand the bank's Tier II capital and permit it to begin longer term lending to its corporate clients. The first such security of its kind to be issued in Zambia and by far the largest issue directed at the local institutional market, the bank intends to complete the offer via a private placement which will close on 9 May. Pangaea/EMI Securities served as the local financial advisor and sponsoring broker for the issue. Interested parties should contact us for a copy of the Placing Document.
We also continue to have sellers of Zambia Sugar, Standard Chartered, Farmers House, and British American Tobacco shares; and buyers of Chilanga Cement, all in significant blocks. Interested parties should contact us.
May 09, 2003
BATA
For the financial year ended 31 December 2002, the company recorded an absorbed loss of K2,604.9 million (K2001: K1,070.8 million). The AGM will he held on 30 May 2003
Zambian Breweries Plc Suspends trading
Zambian Breweries wishes to inform eligible minority shareholders that SABMiller Africa B.V. (Formerly South African Breweries International (SABI)) has been directed by the Securities and Exchange Commission (SEC) to make a mandatory offer to eligible shareholders of the Company. The trading of Zambian Breweries Plc shares has been suspended to facilitate the mandatory offer being made by SABMiller to eligible minority shareholders of the company. The temporal suspension will permit completion of the offer register of eligible minority shareholders and will give the market an opportunity to adjust to the mandatory offer share price of K505.00.
Zambeef Products Plc Quoted on the LuSE
Zambeef Products, a Zambian company involved in the intensive production, processing, distribution, and retailing of beef products, in addition to being a large player in Zambia's poultry and dairy industries, the tanning business, and cropping had its shares quoted on the Lusaka Stock Exchange effective 14 February 2003. Several of the major shareholders have agreed to sell shares into the market to increase the public float and liquidity of the stock. These shareholders are offering to sell up to 25% of the issued shares in the company at a price per share of K 671.00. Just over 28 million shares have been placed with Pangaea/EMI Securities for sale. In addition, applications for shares are being made available in the company's 65 retail butcheries throughout Zambia in an effort to broaden the Zambian shareholding base in the company. For the financial year ending 30 September 2002, the company posted an after tax profit of just under K 9.0 billion. For the first quarter of the 2002/03 financial year, Grant Thornton's review of the performance showed a profit after tax of just over K 4.0 billion. The company has aggressive expansion plans, particularly into the DRC (where they are likely to get management of the retail butcheries in Shoprite's planned new stores-initially in Lumumbashi-similar to the agreement they have with Shoprite in Zambia). They are also expanding their dairy and poultry operations and will also go into egg production.
Pangaea/EMI Securities served as financial advisor and sponsoring broker for the quotation.
We have begun to see strong local institutional interest in the stock as several such institutions have already taken up sizeable blocks of the shares on offer. We anticipate several more in the coming week.
Shoprite Holdings Limited Listed on the LuSE
Effective 19 February 2003, Shoprite Holdings Limited secured a secondary listing on the market in Zambia. They have placed 2.7 million shares in the LuSE Central Shares Depository, and we have been given an order to sell at a price per share of K 4,200. This represents the first dual listing of a South African company on the LuSE and is part of Shoprite's regional strategy as it is the second such "secondary" listing it has secured, the first being on the Namibian exchange. Pangaea/EMI Securities served as local financial advisor and co-sponsoring broker for the listing.
As indicated above, we have significant blocks of both Zambeef and Shoprite shares available for sale at the prices specified. For additional information please contact us on both of these new quotations on the LuSE.
Barclays Bank Zambia to Issue K 50.0 Billion in 12-Year Notes
Following approvals by both the Securities and Exchange Commission (SEC) and the Lusaka Stock Exchange (LuSE) for the registration and listing, respectively, the Barclays offer of 500, 12-year notes having a face value of K 100.0 million each opened on 22 April. The notes, which pay interest semi-annually at the rate of 125 basis points above the weighted average yield on the 91-day treasury bill per annum, will expand the bank's Tier II capital and permit it to begin longer term lending to its corporate clients. The first such security of its kind to be issued in Zambia and by far the largest issue directed at the local institutional market, the bank intends to complete the offer via a private placement which will close on 9 May. Pangaea/EMI Securities served as the local financial advisor and sponsoring broker for the issue. Interested parties should contact us for a copy of the Placing Document.
-April-
April 28, 2003
Zambian Breweries Plc Suspends trading
Zambian Breweries wishes to inform eligible minority shareholders that SABMiller Africa B.V. (Formerly South African Breweries International (SABI)) has been directed by the Securities and Exchange Commission (SEC) to make a mandatory offer to eligible shareholders of the Company. The trading of Zambian Breweries Plc shares has been suspended to facilitate the mandatory offer being made by SABMiller to eligible minority shareholders of the company. The temporal suspension will permit completion of the offer register of eligible minority shareholders and will give the market an opportunity to adjust to the mandatory offer share price of K505.00.
Zambeef Products Plc Quoted on the LuSE
Zambeef Products, a Zambian company involved in the intensive production, processing, distribution, and retailing of beef products, in addition to being a large player in Zambia's poultry and dairy industries, the tanning business, and cropping had its shares quoted on the Lusaka Stock Exchange effective 14 February 2003. Several of the major shareholders have agreed to sell shares into the market to increase the public float and liquidity of the stock. These shareholders are offering to sell up to 25% of the issued shares in the company at a price per share of K 671.00. Just over 28 million shares have been placed with Pangaea/EMI Securities for sale. In addition, applications for shares are being made available in the company's 65 retail butcheries throughout Zambia in an effort to broaden the Zambian shareholding base in the company. For the financial year ending 30 September 2002, the company posted an after tax profit of just under K 9.0 billion. For the first quarter of the 2002/03 financial year, Grant Thornton's review of the performance showed a profit after tax of just over K 4.0 billion. The company has aggressive expansion plans, particularly into the DRC (where they are likely to get management of the retail butcheries in Shoprite's planned new stores-initially in Lumumbashi-similar to the agreement they have with Shoprite in Zambia). They are also expanding their dairy and poultry operations and will also go into egg production.
Pangaea/EMI Securities served as financial advisor and sponsoring broker for the quotation.
We have begun to see strong local institutional interest in the stock as several such institutions have already taken up sizeable blocks of the shares on offer. We anticipate several more in the coming week.
Shoprite Holdings Limited Listed on the LuSE
Effective 19 February 2003, Shoprite Holdings Limited secured a secondary listing on the market in Zambia. They have placed 2.7 million shares in the LuSE Central Shares Depository, and we have been given an order to sell at a price per share of K 4,200. This represents the first dual listing of a South African company on the LuSE and is part of Shoprite's regional strategy as it is the second such "secondary" listing it has secured, the first being on the Namibian exchange. Pangaea/EMI Securities served as local financial advisor and co-sponsoring broker for the listing.
As indicated above, we have significant blocks of both Zambeef and Shoprite shares available for sale at the prices specified. For additional information please contact us on both of these new quotations on the LuSE.
Barclays Bank Zambia to Issue K 50.0 Billion in 12-Year Notes
Following approvals by both the Securities and Exchange Commission (SEC) and the Lusaka Stock Exchange (LuSE) for the registration and listing, respectively, the Barclays offer of 500, 12-year notes having a face value of K 100.0 million each opened on 22 April. The notes, which pay interest semi-annually at the rate of 125 basis points above the weighted average yield on the 91-day treasury bill per annum, will expand the bank's Tier II capital and permit it to begin longer term lending to its corporate clients. The first such security of its kind to be issued in Zambia and by far the largest issue directed at the local institutional market, the bank intends to complete the offer via a private placement which will close on 9 May. Pangaea/EMI Securities served as the local financial advisor and sponsoring broker for the issue. Interested parties should contact us for a copy of the Placing Document.
April 22, 2003
Zambeef Products Plc Quoted on the LuSE
Zambeef Products, a Zambian company involved in the intensive production, processing, distribution, and retailing of beef products, in addition to being a large player in Zambia's poultry and dairy industries, the tanning business, and cropping had its shares quoted on the Lusaka Stock Exchange effective 14 February 2003. Several of the major shareholders have agreed to sell shares into the market to increase the public float and liquidity of the stock. These shareholders are offering to sell up to 25% of the issued shares in the company at a price per share of K 671.00. Just over 28 million shares have been placed with Pangaea/EMI Securities for sale. In addition, applications for shares are being made available in the company's 65 retail butcheries throughout Zambia in an effort to broaden the Zambian shareholding base in the company. For the financial year ending 30 September 2002, the company posted an after tax profit of just under K 9.0 billion. For the first quarter of the 2002/03 financial year, Grant Thornton's review of the performance showed a profit after tax of just over K 4.0 billion. The company has aggressive expansion plans, particularly into the DRC (where they are likely to get management of the retail butcheries in Shoprite's planned new stores-initially in Lumumbashi-similar to the agreement they have with Shoprite in Zambia). They are also expanding their dairy and poultry operations and will also go into egg production.
Pangaea/EMI Securities served as financial advisor and sponsoring broker for the quotation.
We have begun to see strong local institutional interest in the stock as several such institutions have already taken up sizeable blocks of the shares on offer. We anticipate several more in the coming week.
Shoprite Holdings Limited Listed on the LuSE
Effective 19 February 2003, Shoprite Holdings Limited secured a secondary listing on the market in Zambia. They have placed 2.7 million shares in the LuSE Central Shares Depository, and we have been given an order to sell at a price per share of K 4,200. This represents the first dual listing of a South African company on the LuSE and is part of Shoprite's regional strategy as it is the second such "secondary" listing it has secured, the first being on the Namibian exchange. Pangaea/EMI Securities served as local financial advisor and co-sponsoring broker for the listing.
As indicated above, we have significant blocks of both Zambeef and Shoprite shares available for sale at the prices specified. For additional information please contact us on both of these new quotations on the LuSE.
Barclays Bank Zambia to Issue K 50.0 Billion in 12-Year Notes
Following approvals by both the Securities and Exchange Commission (SEC) and the Lusaka Stock Exchange (LuSE) for the registration and listing, respectively, the Barclays offer of 500, 12-year notes having a face value of K 100.0 million each opened on 22 April. The notes, which pay interest semi-annually at the rate of 125 basis points above the weighted average yield on the 91-day treasury bill per annum, will expand the bank's Tier II capital and permit it to begin longer term lending to its corporate clients. The first such security of its kind to be issued in Zambia and by far the largest issue directed at the local institutional market, the bank intends to complete the offer via a private placement which will close on 9 May. Pangaea/EMI Securities served as the local financial advisor and sponsoring broker for the issue. Interested parties should contact us for a copy of the Placing Document.
We also continue to have sellers of Zambia Sugar, Standard Chartered, Farmers House, and British American Tobacco shares; and buyers of Chilanga Cement, all in significant blocks. Interested parties should contact us.
April 11, 2003
Zambeef Products Plc Quoted on the LuSE
Zambeef Products, a Zambian company involved in the intensive production, processing, distribution, and retailing of beef products, in addition to being a large player in Zambia's poultry and dairy industries, the tanning business, and cropping had its shares quoted on the Lusaka Stock Exchange effective 14 February 2003. Several of the major shareholders have agreed to sell shares into the market to increase the public float and liquidity of the stock. These shareholders are offering to sell up to 25% of the issued shares in the company at a price per share of K 671.00. Just over 28 million shares have been placed with Pangaea/EMI Securities for sale. In addition, applications for shares are being made available in the company's 65 retail butcheries throughout Zambia in an effort to broaden the Zambian shareholding base in the company. For the financial year ending 30 September 2002, the company posted an after tax profit of just under K 9.0 billion. For the first quarter of the 2002/03 financial year, Grant Thornton's review of the performance showed a profit after tax of just over K 4.0 billion. The company has aggressive expansion plans, particularly into the DRC (where they are likely to get management of the retail butcheries in Shoprite's planned new stores-initially in Lumumbashi-similar to the agreement they have with Shoprite in Zambia). They are also expanding their dairy and poultry operations and will also go into egg production.
Pangaea/EMI Securities served as financial advisor and sponsoring broker for the quotation.
We have begun to see strong local institutional interest in the stock as several such institutions have already taken up sizeable blocks of the shares on offer. We anticipate several more in the coming week.
Shoprite Holdings Limited Listed on the LuSE
Effective 19 February 2003, Shoprite Holdings Limited secured a secondary listing on the market in Zambia. They have placed 2.7 million shares in the LuSE Central Shares Depository, and we have been given an order to sell at a price per share of K 4,200. This represents the first dual listing of a South African company on the LuSE and is part of Shoprite's regional strategy as it is the second such "secondary" listing it has secured, the first being on the Namibian exchange. Pangaea/EMI Securities served as local financial advisor and co-sponsoring broker for the listing.
As indicated above, we have significant blocks of both Zambeef and Shoprite shares available for sale at the prices specified. For additional information please contact us on both of these new quotations on the LuSE.
Barclays Bank Zambia to Issue K 50.0 Billion in 12-Year Notes
Following approvals by both the Securities and Exchange Commission (SEC) and the Lusaka Stock Exchange (LuSE) for the registration and listing, respectively, the Barclays offer of 500, 12-year notes having a face value of K 100.0 million each opened on 22 April. The notes, which pay interest semi-annually at the rate of 125 basis points above the weighted average yield on the 91-day treasury bill per annum, will expand the bank's Tier II capital and permit it to begin longer term lending to its corporate clients. The first such security of its kind to be issued in Zambia and by far the largest issue directed at the local institutional market, the bank intends to complete the offer via a private placement which will close on 9 May. Pangaea/EMI Securities served as the local financial advisor and sponsoring broker for the issue. Interested parties should contact us for a copy of the Placing Document.
We also continue to have sellers of Zambia Sugar, Standard Chartered, Farmers House, and British American Tobacco shares; and buyers of Chilanga Cement, all in significant blocks. Interested parties should contact us.
April 11, 2003
Zambeef Products Plc Quoted on the LuSE
Zambeef Products, a Zambian company involved in the intensive production, processing, distribution, and retailing of beef products, in addition to being a large player in Zambia's poultry and dairy industries, the tanning business, and cropping had its shares quoted on the Lusaka Stock Exchange effective 14 February 2003. Several of the major shareholders have agreed to sell shares into the market to increase the public float and liquidity of the stock. These shareholders are offering to sell up to 25% of the issued shares in the company at a price per share of K 671.00. Just over 28 million shares have been placed with Pangaea/EMI Securities for sale. In addition, applications for shares are being made available in the company's 65 retail butcheries throughout Zambia in an effort to broaden the Zambian shareholding base in the company. For the financial year ending 30 September 2002, the company posted an after tax profit of just under K 9.0 billion. For the first quarter of the 2002/03 financial year, Grant Thornton's review of the performance showed a profit after tax of just over K 4.0 billion. The company has aggressive expansion plans, particularly into the DRC (where they are likely to get management of the retail butcheries in Shoprite's planned new stores-initially in Lumumbashi-similar to the agreement they have with Shoprite in Zambia). They are also expanding their dairy and poultry operations and will also go into egg production.
Pangaea/EMI Securities served as financial advisor and sponsoring broker for the quotation.
We have begun to see strong local institutional interest in the stock as several such institutions have already taken up sizeable blocks of the shares on offer. We anticipate several more in the coming week.
Shoprite Holdings Limited Listed on the LuSE
Effective 19 February 2003, Shoprite Holdings Limited secured a secondary listing on the market in Zambia. They have placed 2.7 million shares in the LuSE Central Shares Depository, and we have been given an order to sell at a price per share of K 4,200. This represents the first dual listing of a South African company on the LuSE and is part of Shoprite's regional strategy as it is the second such "secondary" listing it has secured, the first being on the Namibian exchange. Pangaea/EMI Securities served as local financial advisor and co-sponsoring broker for the listing.
As indicated above, we have significant blocks of both Zambeef and Shoprite shares available for sale at the prices specified. For additional information please contact us on both of these new quotations on the LuSE.
Barclays Bank Zambia to Issue Kw 50.0 Billion in 12-Year Notes
During the week, the Securities and Exchange Commission (SEC) approved the registration of 500, 12-year notes having a face value of Kw 100.0 million each. The notes, which pay interest semi-annually at the rate of 100 basis points above the weighted average yield on the 91-day treasury bill per annum, will expand the bank's Tier II capital and permit it to begin longer term lending to its corporate clients. The first such security of its kind to be issued in Zambia and by far the largest issue directed at the local institutional market, the bank intends to complete the offer via a private placement during April. An application has been submitted to the Lusaka Stock Exchange to have the notes listed following allotment. Pangaea/EMI Securities served as the local financial advisor and sponsoring broker for the issue. More details will be made available once the Placing Document has been printed and distributed.
We also continue to have sellers of Zambia Sugar, Standard Chartered, Farmers House, and British American Tobacco shares; and buyers of Chilanga Cement, all in significant blocks. Interested parties should contact us.
April 04, 2003
Zambeef Products Plc Quoted on the LuSE
Zambeef Products, a Zambian company involved in the intensive production, processing, distribution, and retailing of beef products, in addition to being a large player in Zambia's poultry and dairy industries, the tanning business, and cropping had its shares quoted on the Lusaka Stock Exchange effective 14 February 2003. Several of the major shareholders have agreed to sell shares into the market to increase the public float and liquidity of the stock. These shareholders are offering to sell up to 25% of the issued shares in the company at a price per share of K 671.00. Just over 28 million shares have been placed with Pangaea/EMI Securities for sale. In addition, applications for shares are being made available in the company's 65 retail butcheries throughout Zambia in an effort to broaden the Zambian shareholding base in the company. For the financial year ending 30 September 2002, the company posted an after tax profit of just under K 9.0 billion. For the first quarter of the 2002/03 financial year, Grant Thornton's review of the performance showed a profit after tax of just over K 4.0 billion. The company has aggressive expansion plans, particularly into the DRC (where they are likely to get management of the retail butcheries in Shoprite's planned new stores-initially in Lumumbashi-similar to the agreement they have with Shoprite in Zambia). They are also expanding their dairy and poultry operations and will also go into egg production.
Pangaea/EMI Securities served as financial advisor and sponsoring broker for the quotation.
We have begun to see strong local institutional interest in the stock as several such institutions have already taken up sizeable blocks of the shares on offer. We anticipate several more in the coming week.
Shoprite Holdings Limited Listed on the LuSE
Effective 19 February 2003, Shoprite Holdings Limited secured a secondary listing on the market in Zambia. They have placed 2.7 million shares in the LuSE Central Shares Depository, and we have been given an order to sell at a price per share of K 4,200. This represents the first dual listing of a South African company on the LuSE and is part of Shoprite's regional strategy as it is the second such "secondary" listing it has secured, the first being on the Namibian exchange. Pangaea/EMI Securities served as local financial advisor and co-sponsoring broker for the listing.
As indicated above, we have significant blocks of both Zambeef and Shoprite shares available for sale at the prices specified. For additional information please contact us on both of these new quotations on the LuSE.
Barclays Bank Zambia to Issue Kw 50.0 Billion in 12-Year Notes
During the week, the Securities and Exchange Commission (SEC) approved the registration of 500, 12-year notes having a face value of Kw 100.0 million each. The notes, which pay interest semi-annually at the rate of 100 basis points above the weighted average yield on the 91-day treasury bill per annum, will expand the bank's Tier II capital and permit it to begin longer term lending to its corporate clients. The first such security of its kind to be issued in Zambia and by far the largest issue directed at the local institutional market, the bank intends to complete the offer via a private placement during April. An application has been submitted to the Lusaka Stock Exchange to have the notes listed following allotment. Pangaea/EMI Securities served as the local financial advisor and sponsoring broker for the issue. More details will be made available once the Placing Document has been printed and distributed.
We also continue to have sellers of Zambia Sugar, Standard Chartered, Farmers House, and British American Tobacco shares; and buyers of Chilanga Cement, all in significant blocks. Interested parties should contact us.
-March-
March 28, 2003
Zambeef Products Plc Quoted on the LuSE
Zambeef Products, a Zambian company involved in the intensive production, processing, distribution, and retailing of beef products, in addition to being a large player in Zambia's poultry and dairy industries, the tanning business, and cropping had its shares quoted on the Lusaka Stock Exchange effective 14 February 2003. Several of the major shareholders have agreed to sell shares into the market to increase the public float and liquidity of the stock. These shareholders are offering to sell up to 25% of the issued shares in the company at a price per share of K 671.00. Just over 28 million shares have been placed with Pangaea/EMI Securities for sale. In addition, applications for shares are being made available in the company's 65 retail butcheries throughout Zambia in an effort to broaden the Zambian shareholding base in the company. For the financial year ending 30 September 2002, the company posted an after tax profit of just under K 9.0 billion. For the first quarter of the 2002/03 financial year, Grant Thornton's review of the performance showed a profit after tax of just over K 4.0 billion. The company has aggressive expansion plans, particularly into the DRC (where they are likely to get management of the retail butcheries in Shoprite's planned new stores-initially in Lumumbashi-similar to the agreement they have with Shoprite in Zambia). They are also expanding their dairy and poultry operations and will also go into egg production.
Pangaea/EMI Securities served as financial advisor and sponsoring broker for the quotation.
We have begun to see strong local institutional interest in the stock as several such institutions have already taken up sizeable blocks of the shares on offer. We anticipate several more in the coming week.
Shoprite Holdings Limited Listed on the LuSE
Effective 19 February 2003, Shoprite Holdings Limited secured a secondary listing on the market in Zambia. They have placed 2.7 million shares in the LuSE Central Shares Depository, and we have been given an order to sell at a price per share of K 4,200. This represents the first dual listing of a South African company on the LuSE and is part of Shoprite's regional strategy as it is the second such "secondary" listing it has secured, the first being on the Namibian exchange. Pangaea/EMI Securities served as local financial advisor and co-sponsoring broker for the listing.
As indicated above, we have significant blocks of both Zambeef and Shoprite shares available for sale at the prices specified. For additional information please contact us on both of these new quotations on the LuSE.
Barclays Bank Zambia to Issue Kw 50.0 Billion in 12-Year Notes
During the week, the Securities and Exchange Commission (SEC) approved the registration of 500, 12-year notes having a face value of Kw 100.0 million each. The notes, which pay interest semi-annually at the rate of 100 basis points above the weighted average yield on the 91-day treasury bill per annum, will expand the bank's Tier II capital and permit it to begin longer term lending to its corporate clients. The first such security of its kind to be issued in Zambia and by far the largest issue directed at the local institutional market, the bank intends to complete the offer via a private placement during April. An application has been submitted to the Lusaka Stock Exchange to have the notes listed following allotment. Pangaea/EMI Securities served as the local financial advisor and sponsoring broker for the issue. More details will be made available once the Placing Document has been printed and distributed.
We also continue to have sellers of Zambia Sugar, Standard Chartered, Farmers House, and British American Tobacco shares; and buyers of Chilanga Cement, all in significant blocks. Interested parties should contact us.
March 21, 2003
Zambeef Products Plc Quoted on the LuSE
Zambeef Products, a Zambian company involved in the intensive production, processing, distribution, and retailing of beef products, in addition to being a large player in Zambia's poultry and dairy industries, the tanning business, and cropping had its shares quoted on the Lusaka Stock Exchange effective 14 February 2003. Several of the major shareholders have agreed to sell shares into the market to increase the public float and liquidity of the stock. These shareholders are offering to sell up to 25% of the issued shares in the company at a price per share of K 671.00. Just over 28 million shares have been placed with Pangaea/EMI Securities for sale. In addition, applications for shares are being made available in the company's 65 retail butcheries throughout Zambia in an effort to broaden the Zambian shareholding base in the company. For the financial year ending 30 September 2002, the company posted an after tax profit of just under K 9.0 billion. For the first quarter of the 2002/03 financial year, Grant Thornton's review of the performance showed a profit after tax of just over K 4.0 billion. The company has aggressive expansion plans, particularly into the DRC (where they are likely to get management of the retail butcheries in Shoprite's planned new stores-initially in Lumumbashi-similar to the agreement they have with Shoprite in Zambia). They are also expanding their dairy and poultry operations and will also go into egg production.
Pangaea/EMI Securities served as financial advisor and sponsoring broker for the quotation.
We have begun to see strong local institutional interest in the stock as several such institutions have already taken up sizeable blocks of the shares on offer. We anticipate several more in the coming week.
Shoprite Holdings Limited Listed on the LuSE
Effective 19 February 2003, Shoprite Holdings Limited secured a secondary listing on the market in Zambia. They have placed 2.7 million shares in the LuSE Central Shares Depository, and we have been given an order to sell at a price per share of K 4,200. This represents the first dual listing of a South African company on the LuSE and is part of Shoprite's regional strategy as it is the second such "secondary" listing it has secured, the first being on the Namibian exchange. Pangaea/EMI Securities served as local financial advisor and co-sponsoring broker for the listing.
As indicated above, we have significant blocks of both Zambeef and Shoprite shares available for sale at the prices specified. For additional information please contact us on both of these new quotations on the LuSE.
We also continue to have sellers of Standard Chartered, Farmers House, and British American Tobacco shares; and buyers of Chilanga Cement, all in significant blocks. Interested parties should contact us.
March 14, 2003
Zambeef Products Plc Quoted on the LuSE
Zambeef Products, a Zambian company involved in the intensive production, processing, distribution, and retailing of beef products, in addition to being a large player in Zambia's poultry and dairy industries, the tanning business, and cropping had its shares quoted on the Lusaka Stock Exchange effective 14 February 2003. Several of the major shareholders have agreed to sell shares into the market to increase the public float and liquidity of the stock. These shareholders are offering to sell up to 25% of the issued shares in the company at a price per share of K 671.00. Just over 28 million shares have been placed with Pangaea/EMI Securities for sale. In addition, applications for shares are being made available in the company's 65 retail butcheries throughout Zambia in an effort to broaden the Zambian shareholding base in the company.
For the financial year ending 30 September 2002, the company posted an after tax profit of just under K 9.0 billion. For the first quarter of the 2002/03 financial year, Grant Thornton's review of the performance showed a profit after tax of just over K 4.0 billion. The company has aggressive expansion plans, particularly into the DRC (where they are likely to get management of the retail butcheries in Shoprite's planned new stores-initially in Lumumbashi-similar to the agreement they have with Shoprite in Zambia). They are also expanding their dairy and poultry operations and will also go into egg production.
Pangaea/EMI Securities served as financial advisor and sponsoring broker for the quotation.
Shoprite Holdings Limited Listed on the LuSE
Effective 19 February 2003, Shoprite Holdings Limited secured a secondary listing on the market in Zambia. They have placed 2.7 million shares in the LuSE Central Shares Depository, and we have been given an order to sell at a price per share of K 4,200. This represents the first dual listing of a South African company on the LuSE and is part of Shoprite's regional strategy as it is the second such "secondary" listing it has secured, the first being on the Namibian exchange. Pangaea/EMI Securities served as local financial advisor and co-sponsoring broker for the listing.
As indicated above, we have significant blocks of both Zambeef and Shoprite shares available for sale at the prices specified. For additional information please contact us on both of these new quotations on the LuSE.
We also continue to have sellers of Standard Chartered, Farmers House, and British American Tobacco shares in significant blocks. Interested parties should contact us.
March 07, 2003
Zambeef Products Plc Quoted on the LuSE
Zambeef Products, a Zambian company involved in the intensive production, processing, distribution, and retailing of beef products, in addition to being a large player in Zambia's poultry and dairy industries, the tanning business, and cropping had its shares quoted on the Lusaka Stock Exchange effective 14 February 2003. Several of the major shareholders have agreed to sell shares into the market to increase the public float and liquidity of the stock. These shareholders are offering to sell up to 25% of the issued shares in the company at a price per share of K 671.00. Just over 28 million shares have been placed with Pangaea/EMI Securities for sale. In addition, applications for shares are being made available in the company's 65 retail butcheries throughout Zambia in an effort to broaden the Zambian shareholding base in the company.
For the financial year ending 30 September 2002, the company posted an after tax profit of just under K 9.0 billion. For the first quarter of the 2002/03 financial year, Grant Thornton's review of the performance showed a profit after tax of just over K 4.0 billion. The company has aggressive expansion plans, particularly into the DRC (where they are likely to get management of the retail butcheries in Shoprite's planned new stores-initially in Lumumbashi-similar to the agreement they have with Shoprite in Zambia). They are also expanding their dairy and poultry operations and will also go into egg production.
Pangaea/EMI Securities served as financial advisor and sponsoring broker for the quotation.
Shoprite Holdings Limited Listed on the LuSE
Effective 19 February 2003, Shoprite Holdings Limited secured a secondary listing on the market in Zambia. They have placed 2.7 million shares in the LuSE Central Shares Depository, and we have been given an order to sell at a price per share of K 4,200. This represents the first dual listing of a South African company on the LuSE and is part of Shoprite's regional strategy as it is the second such "secondary" listing it has secured, the first being on the Namibian exchange. Pangaea/EMI Securities served as local financial advisor and co-sponsoring broker for the listing.
As indicated above, we have significant blocks of both Zambeef and Shoprite shares available for sale at the prices specified. For additional information please contact us on both of these new quotations on the LuSE.
We also continue to have sellers of Standard Chartered, Farmers House, and British American Tobacco shares in significant blocks. Interested parties should contact us.
-February-
February 28, 2003
Zambeef Products Plc Quoted on the LuSE
Zambeef Products, a Zambian company involved in the intensive production, processing, distribution, and retailing of beef products, in addition to being a large player in Zambia's poultry and dairy industries, the tanning business, and cropping had its shares quoted on the Lusaka Stock Exchange effective 14 February 2003. Several of the major shareholders have agreed to sell shares into the market to increase the public float and liquidity of the stock. These shareholders are offering to sell up to 25% of the issued shares in the company at a price per share of K 671.00. Just over 28 million shares have been placed with Pangaea/EMI Securities for sale. In addition, applications for shares are being made available in the company's 65 retail butcheries throughout Zambia in an effort to broaden the Zambian shareholding base in the company.
For the financial year ending 30 September 2002, the company posted an after tax profit of just under K 9.0 billion. For the first quarter of the 2002/03 financial year, Grant Thornton's review of the performance showed a profit after tax of just over K 4.0 billion. The company has aggressive expansion plans, particularly into the DRC (where they are likely to get management of the retail butcheries in Shoprite's planned new stores-initially in Lumumbashi-similar to the agreement they have with Shoprite in Zambia). They are also expanding their dairy and poultry operations and will also go into egg production.
Pangaea/EMI Securities served as financial advisor and sponsoring broker for the quotation.
Shoprite Holdings Limited Listed on the LuSE
Effective 19 February 2003, Shoprite Holdings Limited secured a secondary listing on the market in Zambia. They have placed 2.7 million shares in the LuSE Central Shares Depository, and we have been given an order to sell at a price per share of K 4,200. This represents the first dual listing of a South African company on the LuSE and is part of Shoprite's regional strategy as it is the second such "secondary" listing it has secured, the first being on the Namibian exchange. Pangaea/EMI Securities served as local financial advisor and co-sponsoring broker for the listing.
As indicated above, we have significant blocks of both Zambeef and Shoprite shares available for sale at the prices specified. For additional information please contact us on both of these new quotations on the LuSE.
We also continue to have sellers of Standard Chartered, Farmers House, and British American Tobacco shares in significant blocks. Interested parties should contact us.
February 21, 2003
Zambeef Products Plc Quoted on the LuSE
Zambeef Products, a Zambian company involved in the intensive production, processing, distribution, and retailing of beef products, in addition to being a large player in Zambia's poultry and dairy industries, the tanning business, and cropping had its shares quoted on the Lusaka Stock Exchange effective 14 February 2003. Several of the major shareholders have agreed to sell shares into the market to increase the public float and liquidity of the stock. These shareholders are offering to sell up to 25% of the issued shares in the company at a price per share of K 671.00. Just over 28 million shares have been placed with Pangaea/EMI Securities for sale. In addition, applications for shares are being made available in the company's 65 retail butcheries throughout Zambia in an effort to broaden the Zambian shareholding base in the company.
For the financial year ending 30 September 2002, the company posted an after tax profit of just under K 9.0 billion. For the first quarter of the 2002/03 financial year, Grant Thornton's review of the performance showed a profit after tax of just over K 4.0 billion. The company has aggressive expansion plans, particularly into the DRC (where they are likely to get management of the retail butcheries in Shoprite's planned new stores-initially in Lumumbashi-similar to the agreement they have with Shoprite in Zambia). They are also expanding their dairy and poultry operations and will also go into egg production.
Pangaea/EMI Securities served as financial advisor and sponsoring broker for the quotation.
Shoprite Holdings Limited Listed on the LuSE
During the week, Shoprite secured SEC and LuSE approval for a secondary listing on the market in Zambia. They have placed 2.7 million shares in the LuSE Central Shares Depository, and we have been given an order to sell at a price per share of K 4,200. This represents the first dual listing of a South African company on the LuSE and is part of Shoprite's regional strategy as it is the second such "secondary" listing it has secured, the first being on the Namibian exchange. Pangaea/EMI Securities served as local financial advisor and co-sponsoring broker for the listing.
For additional information please contact us on both of these new quotations on the LuSE.
We continue to have sellers of Standard Chartered, Farmers House, and British American Tobacco shares in significant blocks. Interested parties should contact us.
-January-
This circular is strictly confidential and is intended for the sole use of the addressee. It may not be reproduced, circulated or disclosed without the prior written consent of Pangaea/EMI Securities Limited. The information herein is based on information from sources deemed reliable, but Pangaea accepts no liability for any loss resulting from the use of the information contained herein or from any omissions. Neither the information nor any opinion expressed constitutes an offer to buy or sell any securities or options or futures. Pangaea Partners (Zambia) Limited, Pangaea/EMI Securities Limited, their affiliates, directors, officers and employees may have a long or short position in Zambian securities including any described herein.