The following announcements were made on the LuSE Stock Exchange News Service during July 2026.
Real Estate Investments Zambia – EGM Approves EastPark Mall Acquisition, Rights Offer and Bonus Issue Shareholders of Real Estate Investments Zambia Plc (REIZ) voted in favour of all resolutions at an Extraordinary General Meeting held on 30 July 2026, approving the acquisition of a
controlling 51 percent shareholding in Graduare Property Development Limited, the owner of EastPark Mall, from Graduare Mauritius Limited, for a total consideration of USD 46.41 million to be settled through a combination of cash and a share-for-share exchange. Shareholders also approved a bonus share issue funded from a capitalisation of distributable reserves, structured so that related-party shareholders waived their entitlement in favour of non-related-party shareholders, together with a renounceable rights issue to help fund the acquisition, a waiver of pre-emption rights, and a waiver of the mandatory offer that would otherwise have been triggered in favour of the seller. Completion remains subject to outstanding conditions precedent, and shareholders were advised to continue exercising caution when dealing in the company’s securities pending a full announcement.
ZFCO – Renounceable Rights Offer Finalised at ZMW 2.53 per Share
Following its transaction announcement of 15 July 2026, Zaffico Plc finalised the terms of its previously flagged renounceable rights offer on 17 July 2026. The offer comprises up to 400,000,000 new ordinary shares at ZMW 2.53 per share on a one-for-one basis, targeting gross proceeds of approximately ZMW 1.01 billion. The register closed to determine rights entitlements on 21 July, with existing shares trading ex rights from 22 July, a record date of 24 July, and the offer opening on 28 July, alongside the listing of renounceable Letters of Allocation on the LuSE from the same date; the offer is scheduled to close on 28 August 2026, with new shares to be allotted and listed on 4 September. Net proceeds are earmarked for value-addition projects including a particle board plant and kiln drying facility, operational efficiency enhancements, and plantation expansion, with the issue of the 630,039,526 new shares subject to Securities and Exchange Commission of Zambia
approval.
ZCCM-IH – Listing Optimisation Process Launched Amid Ongoing Trafigura Settlement Talks
Further to a cautionary announcement issued on 10 July 2026 regarding a series of inter- related transactions intended to optimise its stock exchange listings, ZCCM Investments Holdings Plc announced on 13–14 July 2026 the appointment of Bowsprit Partners Limited as its UK Financial Adviser and Corporate Broker in London, and Stockbrokers Zambia Limited as its Market Transaction Adviser in respect of LuSE listing requirements, to guide the company’s international and domestic “listing optimisation” process. The Company’s Chief Executive Officer, Kakenenwa Muyangwa, separately outlined a long-term growth strategy centred on improving the Company’s access to international capital markets. The listing review comes as ZCCM-IH continues to negotiate a settlement with Trafigura over the USD 69.3 million principal (plus accrued interest and costs) awarded to the commodities trader in the arbitration disclosed in June, with market commentary indicating the Company has set aside approximately USD 44 million toward an eventual settlement, on the basis that any amount paid would be reimbursed by Konkola Copper Mines under a government-
backed arrangement.
Airtel Networks Zambia – Further Cautionary Announcement
Airtel Networks Zambia Plc (ATEL) issued a further cautionary announcement on 30 July 2026, confirming that discussions first disclosed on 11 June 2026 regarding a potential asset acquisition remain ongoing and that a full announcement will follow in due course. Shareholders were advised to continue exercising caution when dealing in the Company’s securities. The prolonged cautionary period has coincided with sustained share price
strength, with ATEL among the best-performing counters on the LuSE through the month.
