Statement Re Siegfried Holdin

RNS Number : 1169I

Camellia PLC

05 March 2010

 



5 March 2010

Camellia Plc

Statement re: Siegfried Holding AG

Siegfried Holding AG ("Siegfried"), a company in which Camellia Plc ("Camellia") holds, through one of its subsidiaries, 903,680 shares representing 32.3% of Siegfried's issued share capital, has today announced an intention to raise CHF80 million of new funding to be used in support of its growth strategy. In considering its portfolio of investments, the Board of Camellia has decided not to participate in this fundraising and believes it would be in the best interests of Camellia shareholders for it to seek to dispose of its investment in Siegfried at this time providing an acceptable price can be obtained.

Several independent investors have shown interest in participating in the proposed fundraising and such investors have also shown interest in purchasing Camellia's shares in Siegfried under certain conditions. However there can be no certainty at this time that the sale of Camellia's interest in Siegfried will be completed, whether the entire holding will be sold or as to the terms of any sale.

A further announcement will be made as appropriate.

Enquiries:

Malcolm Perkins, Chairman

Camellia Plc

Tel: [phone]

 

END

 

 

STRQZLFBBXFBBBV