TIDMCMB

RNS Number : 2714E

Cambria Africa PLC

29 May 2012

Cambria Africa plc

("Cambria" or the "Company")

Celsys Scheme Meeting approves takeover by Cambria

Celsys Limited ("Celsys") held a Scheme of Arrangement meeting (the "Scheme") in terms of Section 194 of the Companies Act of Zimbabwe on 28 May 2012. In terms of the Scheme, Celsys shareholders voted on an offer to receive Cambria shares in exchange for their Celsys shares or cash. The Scheme was duly passed by a majority in number and greater than the required three fourths in value of Celsys minority shareholders represented in person or by proxy at the meeting, in terms of the Companies Act of Zimbabwe.

With approvals in place for the acquisition of the outstanding shares held by minorities in Celsys, Cambria will undertake to proceed with the listing on the Zimbabwe Stock Exchange ("ZSE") over the coming period.

About Cambria Africa plc

Cambria Africa plc, quoted on the AIM market of the London Stock Exchange, is a long term, active investment company, building a portfolio of investments primarily in Zimbabwe.

 
 
  Contacts 
 
 Cambria Africa plc           www.cambriaafrica.com 
  Ian Perkins                  +44 (0) 7831 674 585 
  Edzo Wisman                    +263 (0) 4 852 434 
 
 WH Ireland Limited            www.wh-ireland.co.uk 
  James Joyce / Nick Field     +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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