Brief: Cambria Africa Updates on Paynet And Advisers

Cambria Africa

06/08/2019 16:45

Aug 6 (Reuters) - Cambria Africa PLC  CMBC.L :
    * CAMBRIA AFRICA - CONFIRMS ITS LEGAL REPRESENTATIVES SERVED
SUMMONS ON BANKERS ASSOCIATION OF ZIMBABWE ON BEHALF OF PAYNET
ZIMBABWE, PAYSERV AFRICA
    * CAMBRIA AFRICA PLC - COMPANY HAS BEEN NOTIFIED THAT BAZ
ENTERED
AN APPEARANCE TO DEFEND
    * CAMBRIA AFRICA PLC - SUMMONS SEEKING DAMAGES OF US $100
MILLION
FROM BAZ AND RELATED PARTIES
    * CAMBRIA- NEGOTIATING COMMERCIAL DEAL WITH ECOCASH, IF
FORMER
USERS OF CO'S SOFTWARE TURN TO ECOCASH FOR BULK PAYMENTS, WILL
RECOVER SOME LOST REVENUE

Source text for Eikon:  ID:nRSF1441Ia 
Further company coverage:  CMBC.L 

 ((Reuters.Briefs@thomsonreuters.com;))