Cambium Global Timberland Limited Portfolio Update (2832Z)
May 20 2021 - 3:32AM
UK Regulatory
TIDMTREE
RNS Number : 2832Z
Cambium Global Timberland Limited
20 May 2021
20 May 2021
Cambium Global Timberland Limited
(the "Company")
Portfolio Update
The Company announces the signing of an agreement on 19 May 2021
for the settlement of the Company's claim on the Lizarda property
in Tocantins State. The claim, relating to the release of a lien
over the property, had been valued at nil in the Company's accounts
but settlement has been made for Brazilian Reals 2,000,000.00
(approximately GBP270,000.00) and the funds received in full.
This was the Company's sole remaining uncontracted property
related asset.
Tony Gardner-Hillman, Chairman, welcomed this additional
significant step in the right direction which brings Cambium very
close to the end of its stated aim to realise its assets.
For further enquiries please contact:
Chairman
Tony Gardner-Hillman
01534 486980
Broker and Nominated Adviser
W H Ireland
James Joyce
020 7220 1698
Administrator and Company Secretary
Praxis Fund Services (Jersey) Limited
01534 835831
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.
LEI: 213800YGRM8HG1S74M46
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END
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May 20, 2021 04:32 ET (08:32 GMT)
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