ZAMBEEF PRODUCTS PLC
("Zambeef" or the "Group")
Update on Zambia Revenue Authority
Zambeef (AIM:ZAM), the fully integrated agri-business with operations in Zambia, Nigeria and Ghana, notes that the Zambia Revenue Authority ("ZRA") is appealing the verdict of the Revenues Appeal Tribunal of 3rd November 2015. This is further to previous announcements in relation to the tax demand by the ZRA in respect of Zamanita. Zambeef will update on further developments in due course.
As announced previously, a full provision amounting to ZMW49 million (approximately US$9.7 million) was made in the accounts for the year ended 30 September 2012.
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For further information, please contact:
Zambeef Products plc Tel: +260 (0) 211 369 003
Francis Grogan, Joint CEO
Carl Irwin, Joint CEO
Strand Hanson Limited Tel: +44 (0) 20 7409 3494
Angela Hallett
James Spinney
Ritchie Balmer
Panmure Gordon Tel: +44 (0) 20 7886 2500
Dugald Carlean
Tom Salvesen
Peter Steel
Finncap Tel: +44 (0) 20 7220 0500
Joanna Scott
Raymond Greaves
Powerscourt Tel: +44 (0) 20 7250 1446
Nick Dibden
Sophie Moate
Nick Brown
