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% $0.05375 $0.0475 $0.06 $0.05375 $0.05375 $0.05375 0 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 -0.6 0.0 - 6

Kubera Cross-Border Fund Limited Completion of Disposal

14/06/2019 2:31pm

UK Regulatory (RNS & others)

Kubera Cross-border (LSE:KUBC)
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3 Months : From May 2019 to Aug 2019

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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

For more information contact:

Grant Thornton UK LLP (Nominated Adviser)

Philip Secrett/ Jamie Barklem/ Niall McDonald

Tel.: +44 (0) 20 7383 5100


Numis Securities Limited (Broker)

David Benda, Managing Director

Tel.: +44 (0) 20 7260 1275


FIM Capital Limited (Administrator, Registrar & Secretary)

Philip Scales, Director

Tel.: +44 (0) 1624 681250


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 or visit



(END) Dow Jones Newswires

June 14, 2019 09:31 ET (13:31 GMT)

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