Cambria Africa (GB:CMB) has released an update.
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Cambria Africa PLC, following a suspension since March 2024 due to delayed financial results, has announced plans to delist from AIM and return up to $5.4 million to shareholders in two tranches. The Board believes the delisting will save costs and address the share’s illiquidity, with a general meeting to seek shareholder approval forthcoming. The company is also considering the most tax-efficient method to return capital, while negotiating sale of assets and distributions from cash holdings outside Zimbabwe.
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