Cambium Global Timberland Limited Disposal (3141N)
07 August 2017 - 11:34PM
UK Regulatory
TIDMTREE
RNS Number : 3141N
Cambium Global Timberland Limited
07 August 2017
7 August 2017
Cambium Global Timberland Limited (the "Company")
Portfolio Update
The Company announces today the completion of the sale of its
Hawaiian assets, namely the leasehold interests at the Pinnacle and
Pahala Estates. The escrow agent has paid to the Company the cash
proceeds of the sale, representing the total carrying value of the
assets reported in the Company's 30 April 2017 Annual Report, less
transaction and related costs. The escrow funds were reflected in
the Company's stated net assets as at 30 April 2017 and therefore
there has been no material impact on the net asset value of the
Company.
The Company has now successfully exited all its former interests
in Hawaii and now holds only its interests in Tocantins and Minas
Gerais, Brazil.
For further enquiries please contact:
Chairman
Tony Gardner-Hillman
01534 486980
Broker and Nominated Adviser
Panmure Gordon
Paul Fincham/Jonathan Becher
0207 886 2500
Sub-Administrator and Delegate Company Secretary
Praxis Fund Services Limited
Matt Falla/Poppy Tolcher
01481 737600
Inside information
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014). Upon the
publication of this announcement via Regulatory Information Service
this inside information is now considered to be in the public
domain.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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