Investment Update

RNS Number : 3640J

Clean Energy Brazil PLC

16 July 2013

 



Clean Energy Brazil PLC

("CEB" or the "Company")

Sale of Agricultural Assets-Progress Update

Further to the announcements made by Clean Energy Brazil plc ("CEB") on 1 June 2012 and 10 December 2012 relating to the sale of CEB's entire interest in Unialco M/S to Unialco S/A, CEB is pleased to announce that following an installment payment made on 11 July 2013, the total amount received to date is USD $11 million. Approximately USD $6.7 million of installment payments are still outstanding with last payment due by 15 October 2013.

Our current cash position is approximately USD $3.6 million. We intend to continue to closely monitor our costs and return excess capital to shareholders.

Further enquiries:

IOMA Fund & Investment Management Limited (Administrator)

Philip Scales                                                                                          Tel: [phone]  

N+1 Singer

James Maxwell/Nick Donovan                                                               Tel: [phone]

 

END

 

 

MSCBUGDRXBBBGXU