Kubera Cross-Border Fund Limited Update on Disposal of Investment (5904P)
May 29 2018 - 12:16PM
UK Regulatory
TIDMKUBC
RNS Number : 5904P
Kubera Cross-Border Fund Limited
29 May 2018
29 May 2018
Kubera Cross-Border Fund Limited
Update on Disposal of Investment
Kubera Cross-Border Fund Limited (the Company) announces that
further to the announcements made on 19 December 2017 and per the
terms of a Share Purchase Agreement dated 17 March 2017, the Long
Stop Date for the disposal of the entire equity stake held in
Planetcast Media Services Limited has been further extended to 30
June 2018. We continue to await the final requisite ministerial
approvals which are required for the transaction to complete, and
are working closely with management, our fellow shareholders and
the buyer to achieve a successful outcome.
Other than the extension of the Long Stop Date, all other terms
and conditions of the Share Purchase Agreement remain
unchanged.
The information contained in this announcement is considered to
be inside information prior to its release, as defined in Article 7
of the Market Abuse Regulation No. 596/2014, and is disclosed in
accordance with the Company's obligations under Article 17 of that
Regulation.
For further information on the Company, please visit
www.kuberacrossborderfund.com.
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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