Camellia PLC Disposal

RNS Number : 4408K

Camellia PLC

31 October 2024

 

31 October 2024

Camellia Plc

(the "Company" or the "Group")

 

Possible sale of Bangladesh associate companies

 

Camellia notes the announcements made on the Dhaka Stock Exchange by United Finance Limited and United Insurance Company Limited, Camellia's Bangladesh listed associate companies operating in the finance and insurance sectors.  Camellia confirms that certain of its subsidiaries have agreed in principle to sell their entire holdings in United Finance Limited (38.4% ownership) and United Insurance Company Limited (37% ownership) by way of block trades on the Dhaka Stock Exchange, subject to, inter alia, receipt of required regulatory approvals in Bangladesh. 

 

A further announcement will be made in due course as appropriate.

 

 

 

 

 

 

 

 

This announcement contains inside information for the purposes of the UK Market Abuse Regulation.

 

Enquiries

 

Camellia Plc	01622 746655
Byron Coombs, CEO
Oliver Capon, Chief Financial Officer
Panmure Liberum	020 7886 2500
Nominated Adviser and Broker
Emma Earl
Rupert Dearden
H/Advisors Maitland	07785 292617
PR
William Clutterbuck

 

 

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