Message Mar 2 Juil 2013 09:55

ZCCM-IH-Register-of-shareholders-Unfit-for-Purpose

The attached open letter to the Securities and Exchange Commission describes how ZCCM-IH deliberately continues to use a flawed Register of Shareholders that ony lists only 4% of the actual Minority Shareholders when calling meetings and votes. It is just one example of the way ZCCM-IH uses "unconventional" methods of governance which adversely affect the performance of the company.

ZCCM-IH register unfit for purpose.pdf
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This letter is now published on the internet at the following sites :

On Scribd : ZCCM-IH Register Unfit for Purpose
On FaceBook ZCCM-IH shareholders : ZCCM-IH Register Unfit for Purpose

This is the first of a series of publications to inform all ZCCM-IH shareholders, the board and staff of ZCCM-Ih and the Zambian regulatory authorities about how the company is managed and what needs to be done to improve the situation. Others will follow in the coming weeks. They include the need to change the markets on which ZCCM-IH shares are traded, the failure of the company to recover hundreds of millions of dollars in unpaid profits from Kansanshi mining plc. and a pretext to issue new shares based on outdated accounting figures etc.