Brief: Cambria Africa Provides An Update On Its Legal Actions
18/11/2019 14:39
Nov 18 (Reuters) - Cambria Africa PLC CMBC.L :
* CAMBRIA AFRICA PLC - OPERATING PROFITS IN US DOLLARS FOR
SECOND
HALF OF 2019 FISCAL YEAR DID NOT MEET MANAGEMENT'S WORST
EXPECTATIONS
* CAMBRIA AFRICA - HAS BEEN ADVISED THAT EXCEPTION FILED BY
BAZ,
BEEN UPHELD BY JUSTICE MUSHORE AND PAYSERV'S LAWSUIT HAS BEEN
DISMISSED
* CAMBRIA AFRICA PLC - CO INTENDS TO REISSUE SUMMONS AGAINST
BAZ
AND/OR INDIVIDUAL BANKS AS GUIDED BY SENIOR COUNSELS
* CAMBRIA AFRICA PLC - ALSO CONSIDERING INVOKING DOCTRINE OF
EFFECT TO CLAIM "JURISDICTION AGAINST CERTAIN BANKS IN SOUTH
AFRICA AND EUROPEAN UNION"
* CAMBRIA AFRICA PLC - CHRISTIAN BEDDIES HAS RESIGNED AS CEO
OF
PAYSERV ZIMBABWE
* CAMBRIA AFRICA PLC - BEDDIES WILL REMAIN A NON-EXECUTIVE
DIRECTOR OF PAYSERV ZIMBABWE
* CAMBRIA AFRICA PLC - SAMIR SHASHA, HAS BEEN APPOINTED
ACTING
CEO, GRANT FLANAGAN HAS RESIGNED FROM BOARD OF TRADANET
Source text for Eikon: ID:nRSR7196Ta
Further company coverage: CMBC.L
((Reuters.Briefs@thomsonreuters.com;))