CEC Africa Investments Limited (“CECA” or “the Company”) is a public company in terms of the Securities Act No 41 of 2016 (“the Act”) and its shares are registered and regulated by the Securities and Exchange Commission of Zambia (“SEC” or “the Commission”). CECA shares are traded on the second-tier market (referred to as the Quoted Tier) of the Lusaka Securities Exchange (“LuSE”).

Background
In compliance with the disclosure requirements under the Act, CECA hereby notifies its shareholders and the market that, the Company received a notice of enforcement from BP Investment Limited (“BPIL”) on 11 November 2020 for repayment of an outstanding loan amount of USD 45,968,657. The loan was originally between the Company and Copperbelt Energy Corporation PLC (“CEC”) and was secured against the Company’s shares in CEC Africa Hydro Investments Limited, a subsidiary of CECA.

The loan was transferred to BP Investments Limited (BPIL”) following CEC board approval on 12 June 2020.

In compliance with Section 157 of the Act, CECA further notifies its shareholders and the market that, as of 16 November 2020, BP Investments Limited (“BPIL”) has called the share pledge on 23,824,011 CEC Hydro Investments Limited shares in accordance with the terms and conditions of the Share Pledge between CEC and CEC Africa Hydro Investments Limited, as well as the Assignment Agreement between the Company, CEC and BPIL; and the shares are being transferred to BPIL.

In the meantime, investors and the market are advised to seek professional advice, when dealing in the securities of the Company.

Clara Mvula
Head, Corporate Services

Issued in Lusaka, Zambia on 19th November 2020

Lusaka Securities Exchange Sponsoring Broker
	T | +260-211-232456 E | advisory@sbz.com.zm W | www.sbz.com.zm Stockbrokers Zambia Limited (SBZ) is a founder member of the Lusaka Securities Exchange and is regulated by the Securities and Exchange Commission of Zambia

First Issued on 26 June 2020