26th Feb 2014 07:00
Kimberly Enterprises N.V.
("Kimberly" or the "Company")
Change of Controlling Shareholder and Registered Office
The Board of Kimberly, the AIM-quoted Eastern European residential property developer (KBE.L), has been notified that 2.87 million ordinary shares held by GBES Limited in Engel Resources and Development Limited ("ERD"), representing 53% of the voting rights and issued share capital of ERD, have been transferred to attorneys Yuri Nechustan and Eyal Neiger who have been appointed receivers to these shares which had been pledged as security under a loan agreement that GBES had entered into. ERD controls Engel General Developers Limited, which holds 68.35% of the issued share capital of Kimberly.
The Board of Kimberly also announces that its registered office address has been changed to Laurierstraat 71, 1016PJ Amsterdam, The Netherlands with immediate effect.
For further information, please contact:
Kimberly Enterprises N.V. | |
Assaf Vardimon | +31 20 778 4141 |
Cairn Financial Advisers LLP (Nomad) | |
Sandy Jamieson | +44 207 148 7900 |
Related Shares:
Kimberly Enterprises