Zambia : ZCCM-IH Announces Proposed Listing

ZCCM Investments Holdings Plc (ZCCM-IH) has announced that it is progressing with its proposed Listing Optimisation Project, which involves the Company’s listings on the Lusaka Securities Exchange (“LuSE”), Euronext Access Paris and the London Stock Exchange (“LSE”).

The Company first announced the proposed project on July 10, 2026 and subsequently issued a further cautionary announcement on August 28, 2026.

ZCCM-IH Chief Executive Officer Kakenenwa Muyangwa explained that as part of the Listing Optimisation Project, the company is considering a proposed Odd-Lot offer for shareholders holding 100 or fewer ZCCM-IH shares.

Mr Muyangwa said as at July 20, 2026, ZCCM-IH had approximately 5,013 shareholders across its three share registers, of whom 3,637 representing 72.55 per cent held 100 or fewer shares, collectively representing approximately 0.05 per cent of the company’s total shares in issue.

He said the proposed Odd-Lot offer is intended to simplify and optimise the shareholder registers.

“What the proposed offer means for small shareholders subject to the required legal, regulatory and shareholder approvals and the final terms of the Offer, eligible shareholders will have the opportunity to either sell their Odd-Lot holdings to ZCCM-IH for cash or retain their shares,” Mr Muyangwa said.

He said the proposed offer is intended to provide shareholders with a straightforward liquidity option where the small size of their holdings may otherwise make it difficult or uneconomic to sell their shares through the market.

Mr. Muyangwa said the move is about making ZCCM-IH simpler, more efficient and easier to invest in.

He added that the proposed Odd-Lot offer is intended to give eligible shareholders a fair and straightforward cash option if they wish to realise their investment, while ensuring that one shareholder who wishes to remain invested in ZCCM-IH can retain their shares.

“Almost three quarters of our shareholders hold 100 shares or fewer, and every one of them matters to us. For holdings of this size, however, the costs and practical considerations associated with selling through the market can be disproportionate to the value of the investment,” he said.

This is contained in a statement issued to the media  by ZCCM-IH Corporate Affairs Manager Loisa Mbatha.

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