Kubera Cross-Border Fund Limited Update on Disposal of Investment (6724R)
March 04 2019 - 1:00AM
UK Regulatory
TIDMKUBC
RNS Number : 6724R
Kubera Cross-Border Fund Limited
04 March 2019
This announcement contains inside information
4 March 2019
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 in respect of the disposal of
the Company's entire stake in Planetcast Media Services Limited
(the "Disposal"), and the most recent announcement made in respect
of the Disposal on 31 December 2018, the Long Stop Date for the
disposal of the entire equity stake held in Planetcast Media
Services Limited that was extended to 28 February 2019, has now
expired.
All parties involved remain closely engaged. At this time the
Company is entirely focused on closing the 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/ Niall McDonald
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
DISCKNDPABKDCNK
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