Scheme Timeline
Key dates in the KCM Scheme of Arrangement, drawn from official Court and Scheme notices.
10 November 1999
Company Incorporated
Konkola Copper Mines Plc incorporated as a public limited company under the laws of Zambia.
28 June 2024
Scheme Sanctioned by the Court
The High Court of Zambia, Cause No. 2019/HP/0761, approved and sanctioned the Scheme of Arrangement under Sections 46–48 of the Corporate Insolvency Act No. 9 of 2017.
8 July 2024
Escrow Funding Deadline
Deadline for Escrow deposits covering creditor settlement, community support, and the once-off employee bonus.
16 July 2024
Restructuring Effective Date
Target date, per the Explanatory Statement, for the Restructuring Effective Date to occur.
31 July 2024
First Distribution
Target date for the first distribution to Scheme Creditors to commence.
15 August 2024
Bar Date
Deadline (17:00 Lusaka time) after which unsubmitted Claims are forfeited.
20 August 2024
Second Distribution (Original Target)
Original target date for the second distribution to Scheme Creditors.
30 August 2024
Submissions Closed
All Voting & Claim submissions closed at 17:00.
2 December 2024
Second Distribution Notice
Update issued on the second distribution to Scheme Creditors.
July 2025
Timing Update
Further notice on the timing of the second distribution.
September 2025
Class 2 Update
Notice specific to Class 2 Scheme Creditors on the second distribution.
16 January 2026
Payment Notice
Notice regarding payments to Scheme Creditors.
29 June 2026
Latest Update on Second Distribution
Most recent notice on the timing of the second distribution under the Scheme.
This timeline summarises dates published in official Scheme notices. For full detail and source documents, see Scheme Documents and About the Scheme.