4 Oct 2018 17:33
This announcement contains inside information
4 October 2018
Kubera Cross-Border Fund Limited
Update on Disposal of Investment
Kubera Cross-Border Fund Limited (the Company) announces that further to the terms of a Share Purchase Agreement dated 17 March 2017 as announced on 20 March 2017, and the subsequent announcement made on 31 July 2018, the Long Stop Date for the disposal of the entire equity stake held in Planetcast Media Services Limited that was extended to 30 September 2018, has now expired.
Whilst the outstanding ministerial approvals have not yet been obtained, all parties involved remain engaged to secure approval for a transaction and there are several alternative paths if a transaction is not consummated. At this time the Company remains entirely focused on closing the current transaction as soon as practicable.
A further update will be made in due course.
For more information contact:
Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett/ Jamie Barklem
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