CAM.L

Camellia Plc
Camellia PLC - Disposal
31st October 2024, 11:37
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RNS Number : 4408K
Camellia PLC
31 October 2024
 

31 October 2024

Camellia Plc

(the "Company" or the "Group")

 

Possible sale of Bangladesh associate companies

 

Camellia notes the announcements made on the Dhaka Stock Exchange by United Finance Limited and United Insurance Company Limited, Camellia's Bangladesh listed associate companies operating in the finance and insurance sectors.  Camellia confirms that certain of its subsidiaries have agreed in principle to sell their entire holdings in United Finance Limited (38.4% ownership) and United Insurance Company Limited (37% ownership) by way of block trades on the Dhaka Stock Exchange, subject to, inter alia, receipt of required regulatory approvals in Bangladesh. 

 

A further announcement will be made in due course as appropriate.

 

 

 

 

 

 

 

 

This announcement contains inside information for the purposes of the UK Market Abuse Regulation.

 

Enquiries

 

Camellia Plc

01622 746655

Byron Coombs, CEO


Oliver Capon, Chief Financial Officer




Panmure Liberum

020 7886 2500

Nominated Adviser and Broker

 

Emma Earl


Rupert Dearden




H/Advisors Maitland 

07785 292617

PR

 

William Clutterbuck




 

 

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