Articles > Reference > News Wires, White Papers, and Books > Xinhua News Agency news wires > April-June 2002 > Monday, May 13

Article: BP Zambia Retirees Block Sale of Firm's Shares

Article from:
Xinhua News Agency
Article date:
May 13, 2002
Copyright

Former employees of the BP Zambia Plc said Monday they will block the sale of the company's shares on Lusaka Stock Exchange until they were paid 11 billion kwacha (about 2.5 million U.S. dollars) of outstanding retirement benefits.

Expendito Chipalo, spokesman for BP Zambia Retirees Association,said in a statement that it was inappropriate for the firm to offer 125 million shares for sale when it had liabilities to pay.

"We are finalizing with our lawyers so that the injunction can be served on both Investrust Merchant Bank (that is handling the flotation) and the Lusaka Stock Exchange before the end of the day," Chipalo said.

He said his association has taken the company to court over non- ...

Read all of this article with a FREE trial

Related newspaper, magazine, and journal articles:

Article: ZRA Owes BP Zambia K22bn in Tax Refunds.
Africa News Service;  January 31, 2005 ;     554 words ... ... THE Zambia Revenue Authority (ZRA) owes BP Zambia Plc about K22 billion in tax refunds, BP Zambia chairman Jacob Sikazwe has revealed. And ... Regulation Board (ERB) directors visited BP Zambia facilities around Lusaka, Sikazwe said the ...

Article: BP Zambia to Float Shares On Luse.
Africa News Service;  May 13, 2002 ;     649 words ...May 09, 2002 BP Zambia Plc initial public offer (IPO) opens ... public by the ZPTF now being offered. BP Zambia Plc becomes the first among five companies ... local demand. The flotation size of BP Zambia Plc has been worked at K12.5 billion ...

Article: BP Zambia Appoints Maxwell Tembo As New Finance ...
Africa News Service;  September 15, 2004 ;     589 words ... ... via COMTEX) BRITISH Petroleum (BP) Zambia plc has appointed Maxwell Tembo as ... August 1, 2004. Tembo joined BP Zambia plc as senior internal auditor in ... and Swaziland. Before joining BP Zambia plc, Tembo worked as chief accountant ...

Article: BP Zambia Slashes Fuel Prices In Some Rural Areas.
Africa News Service;  February 8, 2001 ;     511 words ...(February 8, 2001), BP Zambia Plc yesterday announced a reduction of fuel pump prices by 6 to 14 per cent in some rural areas. According to BP managing director ...

Article: BP Zambia's Systems Meets SABS Requirements.
Africa News Service;  June 28, 2000 ;     538 words ... ... processes and support services operated by BP Zambia are in accordance with the requirements of the SABS ISO 9002 quality system. BP Zambia public services assistant Anna Sakala ... depots in Lusaka and Kitwe found that BP Zambia had scored a nil findings record. She ...

Article: BP Zambia Pumps K250m Into Top 8.
Africa News Service;  June 27, 2001 ;     616 words ...Jun 27, 2001 BP Zambia finally announced their K250 million sponsorship package for this year's BP Top 8 championship yesterday which kicks-off on ...

Article: BP Zambia.(On the move)
Financial Management (UK);  April 1, 2008 ;     391 words ...Rebecca Handahu ACMA has become a final reporting accountant at BP Zambia. She moves from Unilever Zambia, where she was a management accountant.

Article: BP Zambia Md replaced.
Africa News Service;  September 3, 1999 ;     455 words ...Lusaka (Times of Zambia, September 2, 1999) BP Africa has appointed Dan Moroka as managing director of BP Zambia, taking over from Mr. Roger Griffiths, while Mr. Eddie Hamakowa, a Zambian, is going to head BP Swaziland and Lesotho. Mr ...

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!

Find articles, research, and archives