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Kimberly Enterprises Information
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Don't have an account? Click here to register.Kimberly Enterprises reveals new owners and management
Tue, 22nd Mar 2016 13:20
(ShareCast News) - Tuesday brought completion of a change in the control of Eastern European residential property developer Kimberly Enterprises through a complicated series of share transactions.The AIM-traded firm's board was notified that the transfer of control of 2,871,460 ordinary shares in Engel Resources and Developments (ERD) - held by receivers - to GBES, had been completed.ERD controls Engel General Developers Limited, which owns a 68.35% stake in Kimberly.As a result of the transaction, GBES will hold a 21.9% economic interest in Kimberly and the Gabay Group, an Israeli real estate company, a 21.1% economic interest.GBES will hold 1,738,088 ordinary shares in ERD, representing 32.1% of the voting rights, and the Gabay Group will hold 1,669,927 ordinary shares representing 30.9%.Additionally, the board said the Morris family held a combined economic interest in 28.34% of Kimberly, as the shares held by GBES, as well as a 6.44% interest held by Real Property Investment Guernsey, was held by a discretionary settlement of which certain members of the family were potential beneficiaries.Kimberly's CEO, Liron Or, resigned from the company on Tuesday as well. His role would cease on 31 March 2016 as per the terms of his agreement.
More News
19 Jun 2014 08:39
Kimberly Enterprises Appoints Liron Or As CEO, Replacing Gad Raveh
LONDON (Alliance News) - Kimberly Enterprises NV Thursday said it had appointed Liron Or as chief executive officer with immediate effect. The Netherlands-based real-estate development company said that Or replaces Gad Raveh. Or has previously served in a number of senior positions in
Read more17 Jun 2014 15:28
Kimberly Enterprises Shareholders Pass Executive Appointments
LONDON (Alliance News) - Kimberly Enterprises NV said Tuesday that shareholders had passed resolutions at an extraordinary general meeting to appoint Dov Luxenburg and Oded Shamir to replace Chief Executive Gad Raveh and Executive Director Moshe Naveh. Luxenburg is chief executive of Engel
Read more2 Jun 2014 17:29
Kimberly Enterprises Shareholder Seeking To Oust Chief Executive
LONDON (Alliance News) - Netherlands real-estate development company Kimberly Enterprises N.V said Monday that major shareholder Engel General Developers Ltd has written to shareholders convening an extraordinary general meeting, seeking to oust Chief Executive Gad Raveh and Executive Director Mo
Read more31 Mar 2014 12:59
Kimberly Enterprises Loss Widens In 2013; Shrinks Current Assets
LONDON (Alliance News) - AIM-listed Eastern European property developer Kimberly Enterprises NV Monday said its losses widened in 2013, despite an increase in revenue, partly due to a lower positive revaluation of investment properties. The Netherlands-based real-estate development company
Read more17 Mar 2014 12:49
CORRECT: UK MIDDAY BRIEFING: Housebuilders Lead FTSE 350 On More Help-To-Buy
(Correcting direction of FTSE 250 index.) LONDON (Alliance News) - Housebuilders lead a surprisingly upbeat UK equities market Monday, occupying six of the top ten spaces in the FTSE 350, buoyed by an extension to the UK government's Help to Buy scheme.
Chancellor George Osbor
17 Mar 2014 12:45
UK MIDDAY BRIEFING: Housebuilders Lead FTSE 350 On More Help-To-Buy
LONDON (Alliance News) - Housebuilders lead a surprisingly upbeat UK equities market Monday, occupying six of the top ten spaces in the FTSE 350, buoyed by an extension to the UK government's Help to Buy scheme.
Chancellor George Osborne confirmed that the government's flagship Help
17 Mar 2014 11:57
UK WINNERS & LOSERS: Housebuilders Jump; Supermarkets Fall Again
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Monday.
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FTSE 100 - WINNERS
Persimmon, up 4.7%. The housebuilder's share price has jumped following c
17 Mar 2014 10:33
Kimberley Enterprises Says Hasn't Yet Received Disposal Proceeds
LONDON (Alliance News) - Shares in Kimberly Enterprises NV tumbled Monday after the property developer said its financial condition remains weak, as it has not yet received the sale proceeds from disposals from its joint ventures. Kimberly Enterprises shares were down 22% Monday morning, af
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