First Equity Limited crosses 10% voting rights in Zambeef Products

LONDON - First Equity Limited, an investment firm based in the United Kingdom (TADAWUL:4280), has crossed the threshold of 10% voting rights in Zambeef Products PLC, a non-UK issuer, according to a notification filed with the London Stock Exchange (LON:LSEG). The acquisition of additional voting rights by First Equity Limited, as investment manager of Armstrong Investments Limited, was completed on October 16, 2024, and the issuer was notified on May 15, 2025.

The notification, which follows the standard form for the notification of major holdings (TR-1), reveals that First Equity Limited now holds a total of 38,250,000 voting rights in Zambeef Products, corresponding to 10.049242% of the company’s total voting rights. This is an increase from their previous notification, which reported 8.479391% of the voting rights.

Zambeef Products PLC, with the International Securities Identification Number (ISIN) ZM0000000201, has a total number of 380,625,756 voting rights, which includes both ordinary and preference shares. Preference shares have four-fifths of the voting rights compared to ordinary shares.

The total voting rights figure was corrected on May 15, 2025, following advice from the company’s Nominated Adviser (NOMAD) that the issuer consists of 300,579,630 ordinary shares and 100,057,658 preference shares.

The details of the notification obligation reveal that the ultimate controlling person is William Black, who controls First Equity Limited, which in turn manages Armstrong Investments Limited. No financial instruments with similar economic effects were reported, and the entire holding is through direct voting rights.

This information, based on a press release statement, is crucial for investors and market watchers who track ownership changes in listed companies, as such changes can influence company strategies and stock performance. The notification provides transparency in the ownership structure of Zambeef Products PLC and complies with market regulations regarding the disclosure of significant shareholdings.

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