Disposal
31 October 2024
Camellia Plc
(the "Company" or the "Group")
Possible sale of Bangladesh associate companies
Camellia notes the announcements made on the Dhaka Stock Exchange by United Finance Limited and United Insurance Company Limited, Camellia's Bangladesh listed associate companies operating in the finance and insurance sectors. Camellia confirms that certain of its subsidiaries have agreed in principle to sell their entire holdings in United Finance Limited (38.4% ownership) and United Insurance Company Limited (37% ownership) by way of block trades on the Dhaka Stock Exchange, subject to, inter alia, receipt of required regulatory approvals in Bangladesh.
A further announcement will be made in due course as appropriate.
This announcement contains inside information for the purposes of the UK Market Abuse Regulation.
Enquiries
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Camellia Plc |
01622 746655 |
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Byron Coombs, CEO |
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Oliver Capon, Chief Financial Officer |
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Panmure Liberum |
020 7886 2500 |
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Nominated Adviser and Broker |
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Emma Earl |
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Rupert Dearden |
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H/Advisors Maitland |
07785 292617 |
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PR |
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William Clutterbuck |
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