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On 18 December 2024, ZCCM Investments Holdings PLC announced its participation in the second tranche of the CEC Renewables Limited Green Bond. ZCCM-IH subscribed USD10 million (approximately ZMW275 million) to the bond. The second tranche raised a total of USD96.7 million to fund the 136MW Itimpi-2 project, which expands the 60MW Itimpi-1 solar PV plant.
| Date | 18 Dec 2024 |
| Time | 14:12:44 |
| Category | Capital structure |
| ID | 6257Q |
SENS ANNOUNCEMENT
(the "Notice" or "Announcement")
ISSUER
ZCCM INVESTMENTS HOLDINGS PLC ("ZCCM-IH")
[Incorporated in the Republic of Zambia]
Company registration number: 119540000771
Share Code: ZCCM-IH
ISIN: ZM0000000037
Authorised by: Charles Mjumphi - Company Secretary
SPONSOR
Stockbrokers Zambia Limited
[Founder Member of the Lusaka Securities Exchange]
[Regulated and licensed by the Securities and Exchange Commission of Zambia]
Contact Number: +260-211-232456
Website: www.sbz.com.zm
APPROVAL
The captioned Notice or Announcement has been approved by:
i. The Lusaka Securities Exchange ("LuSE")
ii. The Securities and Exchange Commission ("SEC")
iii. ZCCM Investment Holdings Plc ("ZCCM-IH")
RISK WARNING
The Notice or Announcement contained herein contains information that may be of a price-sensitive nature.
Investors are advised to seek the advice of their investment advisor, stockbroker, or any professional duly licensed by the Securities and Exchange Commission of Zambia to provide securities advice.
ISSUED: 18 December 2024
ZCCM INVESTMENTS HOLDINGS PLC
[Incorporated in the Republic of Zambia]
Company registration number: 771
Share Code: ZCCM-IH
ISIN: ZM0000000037
["ZCCM-IH" or "the Company"]
MARKET ANNOUNCEMENT
PRESS STATEMENT
FOR IMMEDIATE RELEASE
ZCCM-IH PARTICIPATES IN THE 2ND TRANCHE OF THE FLAGSHIP
CEC RENEWABLES LIMITED GREEN BOND ISSUANCE WITH $10M SUBSCRIPTION
18th December 2024, Lusaka Zambia: ZCCM Investments Holdings PLC ("ZCCM-IH") is pleased to announce its participation in the second tranche of the CEC Renewables Limited ("CEC-R" ), Green Bond with a USD10 million (approximately ZMW275 million) subscription.
The second tranche of the bond raised USD96.7 million that will go towards funding the 136MW Itimpi-2 project, an expansion of the 60MW Itimpi-1 solar PV plant.
ZCCM-IH Chief Executive Officer, Dr Ndoba Vibetti, highlighted the strategic importance of this subscription:
"Our mission is to create tangible wealth sustainably for the benefit of the Zambian people and all our stakeholders. This bond, which finances the development of solar PV projects, aligns with this mission and our strategic focus in growing our footprint in energy, particularly during the ongoing energy crisis in Zambia, whilst also lowering ZCCM-IH's overall carbon footprint."
ZCCM-IH's participation in the second tranche of the CEC-R green bond aims at diversifying the composition of the company's investment portfolio and enhancing its returns. This is aligned with the company's 2023-2026 strategic plan that focuses on investments primarily in the mining and energy sectors.
This participation is a further testament of the company's commitment to the development of the Zambian capital market.
The CEC-R green bond issuance complies with the ICMA Green Bond Principles, including participation from other local investors.
The CEC-R green bond was privately placed and is listed on the Lusaka Securities Exchange (LuSE).
-End-
Issued by:
Loisa Mbatha
Corporate Affairs Manager
ZCCM Investments Holdings Plc
By Order of the Board
Charles Mjumphi
Company Secretary
Issued in Lusaka, Zambia on 18 December 2024
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T | +260-211-232456
W | www.sbz.com.zm
Stockbrokers Zambia Limited (SBZ) is a member of the Lusaka Securities Exchange and is regulated by the Securities and Exchange Commission of Zambia |
First Issued on 18 December 2024
