deux grosses news du cote de cec hier.... voila qui valorise la part de zccm dans cec de quelques dizaines de millions de +
CEC | Firm Intention Offer for all Ordinary Shares
ANNOUNCEMENT REGARDING A FIRM INTENTION TO MAKE A BINDING OFFER FOR ALL OF THE ORDINARY SHARES OF COPPERBELT ENERGY CORPORATION PLC FOR A CASH CONSIDERATION OF US$0.2338 PER SHARE
INTRODUCTION
Further to the Cautionary Announcement last published on 3 October 2017, the Board of CEC (the “Board”) wishes to inform the shareholders of CEC (“Shareholders”) that by a letter dated 23 January 2018 (the “Offer Letter”) the Board received a firm intention from Zambian Transmission LLP (the “Offeror” or “Zambian Transmission”) to make a binding offer to purchase all of the ordinary shares in the capital of CEC. The Cautionary Announcement of 3 October 2017 is hereby withdrawn.
In accordance with the requirements of the Securities (Takeovers and Mergers) Rules, Statutory Instrument 170 of 1993, this announcement sets out information regarding the firm intention to make an offer.
By order of the Board
Julia C Z Chaila (Mrs)
Company Secretary
CEC | Notice of dividend payment
NOTICE IS HEREBY GIVEN that the Directors of Copperbelt Energy Corporation Plc on 25th January 2018 approved the payment of a dividend of US Cents 1.6 per ordinary share which translates to ZMW0.1557 per share using the Bank of Zambia mid-rate applicable on the date of declaration.
In compliance with the requirements of the Securities Act Cap No.41 of 2016 and the Listing Requirements of the Lusaka Securities Exchange, the dividend shall be payable to the shareholders registered in the share register of the Company at the close of business on Friday, 2nd March 2018 being the record date.
Dividend payment will be effected from and during the week of Monday, 5th March 2017. The transfer books and register will be closed from Wednesday 28th February to Friday 2nd March 2018 both days inclusive.
Shareholders are reminded to provide their up-to-date bank account details and forwarding addresses to our Transfer Secretaries (Corpserve Zambia) in order to facilitate efficient and expedient payment of the dividends. Further, in the event that your details have changed since the last dividend payout kindly request for the Shareholder Account Detail Form from the Transfer Secretaries. The email address for the Transfer Secretaries is (info@corpservezambia.com.zm) and details of their offices are as provided below:
Corpserve Zambia
6 Mwaleshi Road, Olympia Park
Tel: +260 211 256969
P.O. Box 37522
Lusaka Zambia
By order of the Board
Julia C Z Chaila (Mrs)
Company Secretary
Issued in Lusaka, Zambia on 29 January 2018
l'opa sur cec valorise la part de zccm a 76 millions de $ !!!
pas mal pour un petit actif !
rappel : 325 000 000 de titres cec st detenus par zccm.
opa a 2.28220 K par titre soit 0.2338$ par titre selon la com detaillee
CDC and A P Moller Capital make bid to acquire CEC for K3.709 billion
February 2, 2018
The CDC Group has made a bid to acquire a majority stake in Copperbelt Energy Corporation (CEC) which is listed on the Lusaka Securities Exchange.
According to financial details of the offer obtained in Lusaka, based on the Offer Letter, the issued ordinary share capital of CEC is valued at approximately US$ 380 million or K3.709 billion.
CDC is offering to acquire all of the issued CEC Shares for a cash consideration of US$ 0.2338 per share.
The offer is based on the average mid exchange rate of K9.7614: US$1 (being the average mid-rate on 22 January 2018 published by Bank of Zambia) and equates to K2.28220 per share and represents a premium of approximately 59.59% to the Closing Price of K1.43 per CEC Share on 22 January 2018 which is the last business day prior to the date of submission of the Offer Letter.
It also translates to 69.05% to the volume weighted average Closing Price of K 1.35 per CEC Share for the 12 months ended on 22 January 2018.
CDC is the United Kingdom’s development finance institution and is wholly owned by the UK Government Department for International Development and as at 31 December 2016, CDC had total assets worth US$ 6.0 billion and has a specific mandate to invest in infrastructure assets across Africa.
AP Moller Capital is an alternative investment fund creating and enabling opportunities through investments in African infrastructure and was launched in August 2017 with a total fund commitment of US$650m backed by a selection of blue chip Scandinavian institutional investors.
Sameh Shenouda, CDC’s Head of Infrastructure, said: “Power infrastructure is vital for Africa’s economic growth and job creation. CDC’s bid for Copperbelt Energy Corporation will increase both renewable power generation in Zambia and the growth of regional power trading. Power outages cost African countries an estimated 1-2% of GDP annually and Zambia and its neighbours require an increase in the supply of reliable power.”
“CEC is one of Zambia’s leading companies but we believe it has much more to offer. Under CDC and A P Moller’s ownership it is planned that CEC will bring an additional 150MW of renewable generation to the Zambian network and increase the amount of much-needed power available. Our proposal has the support of the Zambian government who recognise the long-term, positive role that CDC has played in the economic development of the country.”
The Board of CEC is now following the process required by the Zambian Takeover Code and an offer document and circular will be circulated to shareholders in due course.
If the offer is successful, it will be partly financed by A P Moller Capital’s Africa Infrastructure Fund, CDC’s co-investor.
CEC owns, operates and maintains power transmission as well as generation assets and supplies electricity to customers in Zambia.
CDC’s offer for the company is based on an explicit developmental strategy to expand renewable power generation in Zambia and increase regional power trading.
While CEC has a strong track record in transmitting reliable power in Zambia, supplying over 700MW to industry and households in the Copperbelt region, CDC sees the company’s potential to increase its power generation capacity in order to support the growing demand for electricity in Zambia.
Kim Fejfer, A P Moller Capital’s Managing Partner and CEO, said: “The power sector in Africa is significantly underdeveloped, whether we look at energy access, installed capacity, or overall consumption. The sub-Saharan Africa’s residential and industrial sectors suffer electricity shortages which mean that countries struggle to sustain GDP growth.”
“A P Moller Capital and CDC together focus on making a lasting difference by helping businesses to become profitable and economically sound over the long term. With this investment, we believe we can support further development of Zambia’s power generation capacity and infrastructure,” he added.
CEC cote maintenant 2.10K. le bilan de zccm vient de prendre 25 millions de $ de + cette semaine....
