REG - Cambria Africa PLC - Settlement with Lonrho Limited <Origin Href="QuoteRef">CMBC.L</Origin>

Cambria AfricaAnnouncement

04/09/2015 14:00

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 itssubsidiaries, working capital requirements and debtcommitments.
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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