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ZCCM Investment Holdings PLC on Friday said a cautionary announcement has been withdrawn following a petition dismissal by the Zambia constitutional court regarding an acquisition, but issued a new cautionary statement about an ‘ongoing transaction’. The Lusaka-based mining investor said the Constitutional Court of Zambia delivered its judgement in December, where it dismissed a petition brought by the politician Miles Bwalya Sampa against the company, the attorney general, Mopani Copper Mines PLC and Delta Mining Limited. The petition argued that the 2024 Mopani transaction, which involved Delta Mining buying a 51% shareholding in the company, had amounted to a disposal of a ‘major state asset’. However, the court concluded in December that it did not contravene the law, confirming that ZCCM’s shareholding in Mopani ‘does not, of itself, render Mopani’s assets ’major state assets‘ for constitutional purposes,’ ZCCM said. This conclusion led to Friday’s withdrawal of the cautionary announcement, which was issued back in June last year. ‘Accordingly, shareholders are no longer required to exercise caution when dealing in their securities with regard to this particular matter,’ said ZCCM’s Company Secretary Charles Mjumphi. On Friday, ZCCM also issued a cautionary announcement regarding an ‘ongoing transaction’. The full impact is yet to be determined, and may have a material impact on the price of ZCCM’s securities, the firm said. ‘Accordingly, shareholders are advised to continue exercise caution and to seek professional advice from a licensed investment advisor when dealing in the Company’s securities until a full announcement is made,’ said Mjumphi. Shares in ZCCM rose 2.6% to €2.34 in Paris on Friday. Its main listing in Lusaka, Zambia, last closed at ZMW166.00 on Tuesday. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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