4 Mar 2019 07:00
This announcement contains inside information
4 March 2019
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 in respect of the disposal of the Company's entire stake in Planetcast Media Services Limited (the "Disposal"), and the most recent announcement made in respect of the Disposal on 31 December 2018, the Long Stop Date for the disposal of the entire equity stake held in Planetcast Media Services Limited that was extended to 28 February 2019, has now expired.
All parties involved remain closely engaged. At this time the Company is entirely focused on closing the 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/ Niall McDonald
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