5 Nov 2015 07:00
Kimberly Enterprises N.V.
("Kimberly" or the "Company")
Re: Change of Controlling Shareholder
Further to the announcements made on 1 October 2015 and 2 November 2015, the Board of Kimberly, the AIM-quoted Eastern European residential property developer (KBE.L), has been notified that the sale of the Shares as described in the announcements by GBES Limited (through advocates Yuri Nechushtan and Eyal Neiger as receivers) (the "Shares") to the Gabay Group Ltd will now no longer take place. The Shares represent 53% of the voting rights and issued share capital of ERD. ERD controls Engel General Developers Limited, which holds 68.35% of the issued share capital of Kimberly.
For further information, please contact:
Kimberly Enterprises N.V. | |
Assaf Vardimon | +31 20 778 4141 |
Cairn Financial Advisers LLP (Nomad) | |
Sandy Jamieson, Avi Robinson | +44 207 148 7900 |
Kimberly Enterprises (KBE)