Cambria Africa PLC Settlement with Lonrho Limited (1587Y)
September 04 2015 - 8:04AM
UK Regulatory
TIDMCMB
RNS Number : 1587Y
Cambria Africa PLC
04 September 2015
Cambria Africa plc
("Cambria" or the "Company")
US$ 4.752 million settlement with Lonrho Limited
Further to the legal proceedings between the Company and Lonrho
Limited ('Lonrho'), Cambria announces it has concluded a settlement
agreement with Lonrho with respect to the claims and counterclaims
("the Claims") between the parties, in terms of which, Cambria will
receive $4,752,000 in full and final settlement of the Claims.
After outstanding litigation and other associated costs, the net
proceeds are estimated to be US$3,5 million and will be applied to
Cambria, and its subsidiaries, working capital requirements and
debt commitments.
Contacts
Cambria Africa Plc www.cambriaafrica.com
Samir Shasha +44 (0) 207 669 0115
Josie Watenphul +41 (0) 79 9085 430
WH Ireland Limited www.wh-ireland.co.uk
James Joyce / Mark Leonard +44 (0) 20 7220 1666
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
September 04, 2015 09:04 ET (13:04 GMT)
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