12 Nov 2015 13:33
Kimberly Enterprises N.V.
("Kimberly" or the "Company")
Potential Disposal
Further to the announcement released on 21 September 2015, the Board of Kimberly, the AIM-quoted Eastern European residential property developer (KBE.L), announces that it has agreed to allow the purchaser of the two Canadian residential development plots until 11 January 2016 to complete its due diligence and close the transaction.
In return, the purchaser has confirmed that the deposit of CAN$2m (approximately €1.4m) will now become a non-refundable deposit.
A further announcement will be made in due course.
For further information, please contact:
Kimberly Enterprises N.V. |
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Assaf Vardimon | +31 20 778 4141 |
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Cairn Financial Advisers LLP (Nomad) |
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Sandy Jamieson, Avi Robinson | +44 207 148 7900 |
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Kimberly Enterprises (KBE)