Kubera Cross-Border Fund Limited Update on Disposal of Investment (0524D)
05 October 2018 - 2:33AM
UK Regulatory
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RNS Number : 0524D
Kubera Cross-Border Fund Limited
04 October 2018
This announcement contains inside information
4 October 2018
Kubera Cross-Border Fund Limited
Update on Disposal of Investment
Kubera Cross-Border Fund Limited (the Company) announces that
further to the terms of a Share Purchase Agreement dated 17 March
2017 as announced on 20 March 2017, and the subsequent announcement
made on 31 July 2018, the Long Stop Date for the disposal of the
entire equity stake held in Planetcast Media Services Limited that
was extended to 30 September 2018, has now expired.
Whilst the outstanding ministerial approvals have not yet been
obtained, all parties involved remain engaged to secure approval
for a transaction and there are several alternative paths if a
transaction is not consummated. At this time the Company remains
entirely focused on closing the current transaction as soon as
practicable.
A further update will be made in due course.
For more information contact:
Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett/ Jamie Barklem
Tel.: +44 (0) 20 7383 5100
Email: philip.j.secrett@uk.gt.com
Numis Securities Limited (Broker)
David Benda, Managing Director
Tel.: +44 (0) 20 7260 1275
Email: d.benda@numis.com
FIM Capital Limited (Administrator, Registrar &
Secretary)
Philip Scales, Director
Tel.: +44 (0) 1624 681250
Email: pscales@fim.co.im
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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