ZCCM-IH proposes odd-lot share buyback at 5% premium to 90-day VWAP
Bitget2026/10/30 16:14- ZCCM-IH plans to repurchase holdings of fewer than 100 shares to reduce shareholder administration costs, subject to shareholder approval November 18, 2026.
- The offer price carries a 5% premium to the 90-trading-day LuSE volume-weighted average price through December 8, 2026.
- Estimated repurchase costs total ZMW 12 million for up to 80,000 shares, with approximately ZMW 7 million in transaction costs excluding VAT.
- The offer runs November 23–December 18, 2026; repurchased shares will be held as treasury shares.
- Eligible holders must elect retention by 1 p.m. UK time December 17, 2026, or their entire holdings will be automatically repurchased.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Barrick’s Marquee gold project faces hazy study timing
Japanese and South Korean stock markets open
Marvell Technology (MRVL.US) $115 billion "merger of the century" faces lukewarm reception! Stock has dropped over 40%, experts estimate only a 50% chance of completion
Marvell plans to acquire Lamington for 115 billions USD to strengthen its position in AI, but the probability of completion is only 50%. The two stocks have dropped by nearly 40% and about 35% respectively, with Chinese regulatory approval being the biggest uncertainty.
Crypto prices
More
