The Board of Copperbelt Energy Corporation PLC (LUSE:CEC) announced the spin-off of CEC Africa Investments Limited on November 11, 2016. Copperbelt Energy Corporation Plc (LUSE:CEC) has proposed, subject to shareholder approval and lender consent the restructuring of the CEC Africa Investments Limited. The distribution ratio of 1 CEC Africa share for every CEC Plc share held at the closing of the transaction.
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- Copperbelt Energy Corporation PLC agreed to spin-off of CEC Africa Investments Limited.