16 Aug 2013 11:34
Clean Energy Brazil PLC
("CEB" or the "Company")
Sale of Agricultural Assets - update
Further to the previous announcements made by Clean Energy Brazil plc ("CEB") 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 15 August 2013, the total amount received to date is USD $13.2 million. Approximately USD $4.5 million of installment payments are still outstanding with last payment due by 15 October 2013.
Our current cash position is approximately USD $5.8 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