ZCI LIMITED - Renewal of Cautionary Announcement

Release Date: 14/03/2018 15:15
Code(s): ZCI
 
Wrap Text
Renewal of Cautionary Announcement

ZCI Limited
(Bermudian registration number 661:1969)
JSE share code: ZCI
ISIN: BMG9887P1068
Euronext share code: BMG9887P1068
("ZCI" or the “Company")

RENEWAL OF CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the previous cautionary announcements released by ZCI in connection with the
liquidation of each of Messina Copper (Botswana) Proprietary Limited (in Liquidation) (“Messina””) and
African Copper plc (in Liquidation) (“ACU”). Capitalised terms defined in previous announcements have the
same meaning when used herein.

Shareholders are reminded that on or about 24 January 2018 all suspensive conditions to the Transaction
were satisfied and the related proceeds were received by the Company. Shareholders are advised that the
liquidation of Messina and the voluntary liquidation of ACU remain in progress. As at the date of this
announcement, the board of directors of ZCI cannot reliably estimate the extent of any further potential
proceeds arising as a result of ACU’s voluntary liquidation proceedings. The Company will provide updates
to stakeholders as and when further information has been made available.

As a result of the events explained above, the board of directors of ZCI is not able to provide a date on which
the suspension of trading, in securities of ZCI, is expected to be lifted as is required in terms of Section
1.10(c) of the JSE Limited Listings Requirements.

Bermuda
14 March 2018
Sponsor: Bridge Capital Advisors Proprietary Limited

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