Zambeef has called an EGM on Wednesday 11 March for shareholders to approve the conversion of the British International Investment (BII) preference shares to ordinary shares without triggering a Mandatory Takeover Offer (MTO). In our view, the announcement is a positive step on the long road to recovery for Zambeef. A positive vote will allow Zambeef to pick up the rate of change: it will simplify the capital structure, remove the related uncertainty, and allow for further capital raises to acce ....
