Cambria Africa PLC Settlement with Lonrho Limited (1587Y)

TIDMCMB

RNS Number : 1587Y

Cambria Africa PLC

04 September 2015

Cambria Africa plc

("Cambria" or the "Company")

US$ 4.752 million settlement with Lonrho Limited

Further to the legal proceedings between the Company and Lonrho Limited ('Lonrho'), Cambria announces it has concluded a settlement agreement with Lonrho with respect to the claims and counterclaims ("the Claims") between the parties, in terms of which, Cambria will receive $4,752,000 in full and final settlement of the Claims.

After outstanding litigation and other associated costs, the net proceeds are estimated to be US$3,5 million and will be applied to Cambria, and its subsidiaries, working capital requirements and debt commitments.

 
 Contacts 
 Cambria Africa Plc            www.cambriaafrica.com 
 Samir Shasha                  +44 (0) 207 669 0115 
 Josie Watenphul               +41 (0) 79 9085 430 
 
 WH Ireland Limited            www.wh-ireland.co.uk 
 James Joyce / Mark Leonard    +44 (0) 20 7220 1666

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 04, 2015 09:04 ET (13:04 GMT)

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