Settlement with Lonrho Limited

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
 
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