Kimberly Enterprises N.V. Update re Change of Control (8609A)
10 Giugno 2016 - 11:05AM
UK Regulatory
TIDMKBE
RNS Number : 8609A
Kimberly Enterprises N.V.
10 June 2016
Kimberly Enterprises N.V.
("Kimberly" or the "Company")
Update re Change of Controlling Shareholder
Further to the announcement made on 12 April 2016, the Board of
Kimberly, the AIM-quoted Eastern European residential property
developer (KBE.L), has been notified that the transfer has now
taken place of the ownership of 1,133,372 ordinary shares in Engel
Resources and Development Limited ("ERD") previously held in trust
by GBES Ltd ("GBES") to a company that is 100% owned by Mr Eli
Gabay.
Accordingly, GBES holds 1,738,088 ordinary shares in ERD
(representing 32.1% of the voting right of ERD) and Eli Gabay
(through two different entities) holds a total of 1,669,927
ordinary shares in ERD (representing 30.9% of the voting right of
ERD), including 536,555 ordinary shares in ERD owned by Eli Gabay
prior to the splitting of the Shares.
ERD controls Engel General Developers Limited, which holds
68.35% of the issued share capital of Kimberly.
Accordingly, GBES holds a 21.9% economic interest in Kimberly
and Eli Gabay holds a 21.1% economic interest in Kimberly.
In addition, Real Property Investment (Guernsey) Limited
("RPIGL") holds 6.44% of the voting rights and issued share capital
of the Company. The shares of RPIGL and GBES are held by a
discretionary settlement, of which certain members of the Morris
family are potential beneficiaries, and which therefore has a
combined economic interest in 28.34% of Kimberly.
For further information, please contact:
Kimberly Enterprises N.V.
Assaf Vardimon +31 20 778 4141
Cairn Financial Advisers LLP
(Nomad)
Sandy Jamieson, James Caithie +44 207 148 7900
This information is provided by RNS
The company news service from the London Stock Exchange
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