Kimberly Enterprises N.V. Disposal (8896A)
29 3월 2017 - 7:00PM
UK Regulatory
TIDMKBE
RNS Number : 8896A
Kimberly Enterprises N.V.
29 March 2017
Kimberly Enterprises N.V.
("Kimberly" or the "Company")
Disposal
Kimberly, the AIM-listed Central and Eastern European property
developer (KBE:L), announces that the Company sold its wholly owned
subsidiary, ENMAN B.V. ("ENMAN"), on 29 March 2017 to a third party
for a nominal amount ("Disposal").
Prior to the Disposal, ENMAN had transferred its wholly owned
subsidiary, Palace Engel Veleslavin a.s. ("Veleslavin") to the
Company, so that Company owns directly 100% of Veleslavin. This
transaction was recorded as a dividend distribution by ENMAN to the
Company.
As a consequence of the Disposal, the Company no longer controls
ENMAN, and therefore has ceased to consolidate ENMAN in its
financial statements. The Company will recognise non-cash income of
EUR 0.9 million under "other income" in its consolidated statement
of profit or loss as a result of the Disposal in the financial
statements for the first quarter of 2017.
The Company has not provided any guarantees for the liabilities
of ENMAN or any of its subsidiaries.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For further information, please contact:
Kimberly Enterprises N.V.
Sagee Kadosh +31 20 778 4141
Cairn Financial Advisers LLP
(Nomad)
Sandy Jamieson, James Caithie +44 207 213 0880
This information is provided by RNS
The company news service from the London Stock Exchange
END
DISPGUMAWUPMUBB
(END) Dow Jones Newswires
March 29, 2017 06:00 ET (10:00 GMT)
Kimberly Ent. (LSE:KBE)
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