ZCCM Investments Holdings has filed a notice of settlement against Kansanshi Holdings Limited and Kansanshi Mining Plc and legal proceedings against First Quantum Limited.
A notice of settlement signifies an end to a legal dispute; it is a legal agreement between parties involved in a transaction declaring a satisfactory resolution.
On 26th October 2016, ZCCM-IH filed a notice of arbitration in London against Kansanshi Holdings Limited and Kansanshi Mining Plc.
Further, on 28th October 2016 ZCCM-IH commenced legal proceedings in Lusaka against First Quantum Limited and Kansanshi Mining for various claims arising from transactions between Kansanshi Mining and First Quantum Finance Limited.
Shareholders of ZCCM-IH are accordingly advised to exercise caution when dealing in Securities Of The Company until further information is published.