ZCCM Investments Holdings 'B' Shares (ZCC)

Sector:

Mining

$ 0.00
   
  • Closing Price Chg:
    $0.00
  • 52 Week High: $0.00
  • 52 Week Low: $0.00
  • Currency: US Dollars
  • Shares Issued: 160.80m
  • Volume: 0

ZCCM wins default judgement in dispute with Konkola Copper

By Josh White

Date: Thursday 22 Dec 2016

LONDON (ShareCast) - (ShareCast News) - ZCCM Investment Holdings updated the market on Thursday on its claim, filed with the English High Court, to recover outstanding sums in excess of $100m due to it from Konkola Copper Mines pursuant to the terms of the settlement agreement entered into in 2013.
The company confirmed it has been successful in its application for default judgment, and KCM was ordered on 16 December to pay all sums owed to ZCCM-IH pursuant to the settlement agreement, plus associated contractual interest, within 30 days.

"The total amount to be paid by KCM amounts to approximately $103m," ZCCM said in a statement.

"KCM has also been ordered to reimburse ZCCM-IH 80% of the costs it has incurred in pursuing its claim."

The board of ZCCM said further directions have been given to determine whether KCM made payments to Vedanta Group companies in breach of the prohibition on doing so under the settlement agreement.

"If and to the extent it is determined that such payments were made, ZCCM-IH will be entitled to recover additional sums from KCM."

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ZCC Market Data

Currency US Dollars
Share Price $ 0.00
Closing Price Change $ 0.00
% Change 0.00 %
52 Week High $0.00
52 Week Low $0.00
Volume 0
Shares Issued 160.80m

ZCC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
3.06% above the market average3.06% above the market average3.06% above the market average3.06% above the market average3.06% above the market average
56.20% above the sector average56.20% above the sector average56.20% above the sector average56.20% above the sector average56.20% above the sector average
Income Not Available
Growth
65.05% above the market average65.05% above the market average65.05% above the market average65.05% above the market average65.05% above the market average
72.88% above the sector average72.88% above the sector average72.88% above the sector average72.88% above the sector average72.88% above the sector average

ZCC Dividends

  Latest Previous
  Final Final
Ex-Div 25-Jul-24 19-Oct-23
Paid 29-Jul-24 23-Oct-23
Amount 4.90p 9.40p

Trades for --2024

Time Volume / Share Price
0 @ $0.00

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