16 Jul 2013 07:00
Clean Energy Brazil PLC
("CEB" or the "Company")
Sale of Agricultural Assets-Progress Update
Further to the announcements made by Clean Energy Brazil plc ("CEB") on 1 June 2012 and 10 December 2012 relating to the sale of CEB's entire interest in Unialco M/S to Unialco S/A, CEB is pleased to announce that following an installment payment made on 11 July 2013, the total amount received to date is USD $11 million. Approximately USD $6.7 million of installment payments are still outstanding with last payment due by 15 October 2013.
Our current cash position is approximately USD $3.6 million. We intend to continue to closely monitor our costs and return excess capital to shareholders.
Further enquiries:
IOMA Fund & Investment Management Limited (Administrator)
Philip Scales Tel: +44 (0)1624 681250
N+1 Singer
James Maxwell/Nick Donovan Tel: +44 (0) 20 7496 3000