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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Kubera Cross-border Fund Limited | LSE:KUBC | London | Ordinary Share | KYG522771032 | ORD USD0.01 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.05 | 0.04 | 0.055 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMKUBC
RNS Number : 3660C
Kubera Cross-Border Fund Limited
14 June 2019
This announcement contains inside information
14 June 2019
Kubera Cross-Border Fund Limited
Completion of Disposal
Further to previous announcements made by Kubera Cross-Border Fund Limited (the "Company"), the Board is now pleased to announce the completion of the disposal today of the Company's entire investment in Planetcast Media Services Limited "(PMSL").
Following further negotiations with the buyer and co-investors in PMSL, the Company's investment was finally sold for a consideration, net of transaction costs and the former Manager's co-investment proceeds, of INR 1,419 million, representing a 4% decrease in the consideration price agreed on the 17 March 2017. This is equivalent to USD 20.0 million at current exchange rates.
In accordance with the Company's investment policy, the Board intends to announce a distribution to shareholders of all cash not required to meet operating costs. A further announcement will be made in due course.
The information contained in this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No. 596/2014, and is disclosed in accordance with the Company's obligations under Article 17 of that Regulation.
For further information on the Company, please visit www.kuberacrossborderfund.com.
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
DISCKQDBNBKDFAD
(END) Dow Jones Newswires
June 14, 2019 09:31 ET (13:31 GMT)
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