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Portfolio Update

30 May 2017 16:34

RNS Number : 6080G
Cambium Global Timberland Limited
30 May 2017
 

30 May 2017

 

Cambium Global Timberland Limited (the "Company")

 

Portfolio Update

 

The Company announces today a further update on the sale of its Hawaiian assets (the "Transaction"). Those assets comprise the Company's leasehold interests at the Pinnacle and Pahala Estates.

The Company has agreed, in return for a non-returnable additional payment to the Company of US$ 156,000 (received today), that the purchaser has until 31 July, 2017 to close the Transaction. If it does not do so, the Company has the right to terminate the Transaction by serving notice requiring the escrow agent to pay to the Company from the escrow account the earnest money deposit of US$ 300,000. If the purchaser elects to close the Transaction, the Company will receive from the escrow account the full aggregate purchase price, namely US$ 3,300,000 (in addition to the US$ 156,000 received today).  

 

 

For further enquiries please contact:

 

Chairman

Tony Gardner-Hillman

01534 486980

 

Broker and Nominated Adviser

Panmure Gordon

Paul Fincham/Jonathan Becher

0207 886 2500

 

Sub-Administrator and Delegate Company Secretary

Praxis Fund Services Limited

Matt Falla/Poppy Tolcher

01481 737600

 

Inside information

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014). Upon the publication of this announcement via Regulatory Information Service this inside information is now considered to be in the public domain.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
PFUBUGDUDXXBGRG
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29th Jan 20215:46 pmRNSHalf-year Report
7th Jan 20219:51 amRNSHolding(s) in Company
8th Dec 20209:32 amRNSPortfolio Update
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10th Nov 20209:15 amRNSResult of AGM
25th Sep 20209:27 amRNSFinal Results
23rd Sep 20204:55 pmRNSNotice of Annual General Meeting
1st May 20204:42 pmRNSDirectorate Changes
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21st Apr 20204:19 pmRNSHolding(s) in Company
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17th Jan 20205:00 pmRNSHalf-year Report
19th Sep 20193:19 pmRNSResult of AGM
15th Aug 20194:22 pmRNSNotice of AGM
8th Aug 201912:28 pmRNSPortfolio Update
25th Jul 20194:01 pmRNSAnnual Financial Report
11th Jun 20194:58 pmRNSHolding(s) in Company
7th Jun 20193:55 pmRNSTransaction in Own Shares & Total Voting Rights
27th Mar 20197:00 amRNSTransaction in Own Shares
12th Feb 20197:00 amRNSTransaction in Own Shares
6th Feb 201912:00 pmRNSHolding(s) in Company
5th Feb 20195:58 pmRNSHolding(s) in Company
5th Feb 20199:04 amRNSTransaction in Own Shares
28th Dec 201810:04 amRNSHolding(s) in Company
24th Dec 20187:00 amRNSTransaction in Own Shares
20th Dec 20184:50 pmRNSHalf-year Report
19th Dec 20183:31 pmRNSContract Update
14th Dec 20183:31 pmRNSHolding(s) in Company
13th Dec 20187:00 amRNSTransaction in Own Shares
10th Dec 20189:13 amRNSTransaction in Own Shares
5th Dec 201810:39 amRNSTransaction in Own Shares
3rd Dec 201812:15 pmRNSResult of EGM
1st Nov 20182:24 pmRNSProposed Share Buyback & Notice of General Meeting
20th Sep 20183:02 pmRNSResult of AGM
14th Aug 20184:09 pmRNSNotice of AGM & Posting of Annual Report
7th Aug 20187:00 amRNSAnnual Financial Report
22nd Dec 201711:43 amRNSHalf-year Report, Asset Revaluation
21st Dec 20174:05 pmRNS3R Release of Mortgages & Loan Agreement

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