[ADVERT]
Share Name Share Symbol Market Type Share ISIN Share Description
Cambium Global Timberland Limited LSE:TREE London Ordinary Share JE00B1NNWQ21 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 6.75 6.00 7.50 6.75 6.75 6.75 0.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Forestry & Paper 0.0 -0.2 -1.1 - 5

Cambium Global Timberland Limited Trading Update and Extension of Reporting Deadline

28/10/2021 12:58pm

UK Regulatory (RNS & others)


Cambium Global Timberland (LSE:TREE)
Historical Stock Chart


From Sep 2021 to Nov 2021

Click Here for more Cambium Global Timberland Charts.

TIDMTREE

RNS Number : 6117Q

Cambium Global Timberland Limited

28 October 2021

28 October 2021

Cambium Global Timberland Limited

("Cambium" or "the Company")

Trading Update and Extension of Reporting Deadline

The Company provides the following update.

As has previously been reported, the sales of all the Company's interests in land have been concluded, leaving Cambium with only its interests in the related receivables (expected to be fully collected by February 2023) and its bank balances.

The Company continues to seek to keep costs to a minimum pending being able to complete the return of capital to shareholders.

Net Asset Value (NAV)

The Company expects the FY 2021 (30 April 2021) NAV to sit at or just above the level of GBP7 million (circa 9.7p per share) being a slight increase compared with the half year (31 October 2020) reported NAV of GBP6.5m (8.8p per share). This expected increase is due, in particular, to the crystallisation of sale prices and the additional receipt of proceeds from the release of the Lizarda lien, each as previously reported.

Extension of Reporting Deadline

Due to the Covid-19 impact, resulting in delays in the provision of information by our service provider in São Paulo, the Company will not be able to post its annual audited report and accounts for the financial year ended 30 April 2021 (the "Annual Report") to shareholders by 31 October 2021.

The Company has applied, pursuant to the guidance provided in "Inside AIM" on 27 January 2021, for an additional period to publish the Annual Report and has been granted an extension by AIM to publish by 30 November 2021. The Company expects to publish within the extension period granted.

 
 Contacts 
 
 Cambium Global Timberland Limited    www.cambi um.j e 
 c/o Praxis Fund Services (Jersey) 
  Limited                             +44 (0)1534 835835 
 
 WH Ireland Limited                   www.whirelandplc.com/ 
 James Joyce / Darshan Patel          +44 (0) 20 7220 1666 
 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

TSTMPBBTMTATBFB

(END) Dow Jones Newswires

October 28, 2021 07:58 ET (11:58 GMT)

1 Year Cambium Global Timberland Chart

1 Year Cambium Global Timberland Chart

1 Month Cambium Global Timberland Chart

1 Month Cambium Global Timberland Chart
ADVFN Advertorial
Your Recent History
LSE
TREE
Cambium Gl..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20211130 03:13:39