Cambria Africa PLC Update on Dispute (3921E)
18 Juli 2016 - 8:00AM
UK Regulatory
TIDMCMB
RNS Number : 3921E
Cambria Africa PLC
18 July 2016
Cambria Africa Plc
("Cambria" or the "Company")
Update on Dispute
Company files Amended Defence and $1.84 Million in Counterclaims
against Consilium
In its results announcement of 31 May 2016, the Company referred
to claims asserted by Consilium Corporate Recovery Master Fund
("Consilium") relating to their legal costs incurred in their
attempt to foreclose on the Consilium loan. Consilium's loan was
repaid in full on the repayment date stipulated in the
agreement.
The Company advises that it filed an Amended Defence and
Counterclaim against Consilium in the Commercial Court on 13 July
2016. The Counterclaims total $1.84 million and are based on the
substantive losses suffered by the Company as a result of
Consilium's actions.
The Company will provide a further update regarding the dispute
in due course, as appropriate.
Contacts
Cambria Africa Plc: www.cambriaafrica.com
+44 (0) 207 669
Samir Shasha 0115
Email: info@cambriaafrica.com
WH Ireland Limited: www.wh-ireland.co.uk
+44 (0) 20 7220
James Joyce 1666
This information is provided by RNS
The company news service from the London Stock Exchange
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