Camellia PLC 100% Ownership of Bardsley England (6014S)
November 17 2021 - 2:00AM
UK Regulatory
TIDMCAM
RNS Number : 6014S
Camellia PLC
17 November 2021
17 November 2021
Camellia Plc
100% ownership of Bardsley England
Following its announcement on 2 August 2021 of an 80% stake in
Bardsley England ("Prior Announcement"), Camellia Plc (CAM.L,
Camellia), the global agriculture group, announces the purchase of
the remaining 20% stake in Bardsley England for a consideration of
GBP1.7m from Bardsley Limited (the "Acquisition"). As part of the
purchase, Bardsley England has sold an existing loan with a face
value of approximately GBP1.1m to Bardsley Limited resulting in net
cash outflow from Camellia of approximately GBP0.6m.
Further information on Bardsley England is included in the Prior
Announcement. There has been no material change to the financial
information relating to Bardsley England since the Prior
Announcement. However, the harvest this year has been disappointing
due to adverse weather conditions and the business has also been
impacted by weaker than expected customer demand. However, the
long-term fundamentals of the business remain strong and various
initiatives are in progress to improve its performance and
profitability.
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
Note
Enquiries
Camellia Plc 01622 746655
Tom Franks, CEO
Susan Walker, CFO
Panmure Gordon 020 7886 2500
Nominated Adviser and Broker
Emma Earl
Erik Anderson
Maitland/AMO
PR
William Clutterbuck 07785 292617
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCBIBDBISBDGBL
(END) Dow Jones Newswires
November 17, 2021 02:00 ET (07:00 GMT)
Camellia (LSE:CAM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Camellia (LSE:CAM)
Historical Stock Chart
From Jul 2023 to Jul 2024