Evrima Plc Disposal of Non-Core Asset
December 29 2020 - 11:00AM
UK Regulatory
TIDMEVA
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY EVRIMA PLC TO
CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION
(EU) NO. 596/2014, AS AMENDED ("MAR"). ON THE PUBLICATION OF THIS ANNOUNCEMENT
VIA A REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN.
EVRIMA PLC
("Evrima" or the "Company")
SALE OF LEEDS PROPERTY IN ORDER TO FOCUS ON CORE STRATEGY
Evrima Plc (AQSE: EVA) is pleased to announce the sale of its wholly-owned
commercial property at Killingbeck Office Park in Leeds for a gross cash sum of
GBP200,000; after deduction of the sale costs, the Company has received
approximately GBP191,000.
In June 2017, the Company purchased the property for investment purposes, for GBP
200,000 plus expenses. The property had been let
The Directors had decided to sell the property as it was no longer core to the
Company's strategy, approved by shareholders at a general meeting on 24th
August 2020.
The Company will use the proceeds to further its investment strategy in the
natural resources sector. As announced on 13th November 2020, the Company
exercised an option over 17.2% of Kalahari Key Mineral Exploration Company
(Pty) Limited ("KKME"), resulting in Evrima owning a 19.6% interest in KKME.
The KKME Molopo Farms Complex Project, is targeting prospective massive nickel
sulphide and platinum-group metal mineralisation in Botswana.
The Company is awaiting the outcome of KKME's drilling campaign that has
completed a planned 2,505 metre, four-hole programme. The drill cores are being
independently analysed and will be reported upon as soon as the results of
analysis are available.
Evrima plc, 29th December 2020
The Directors of the Company accept responsibility for the contents of this
announcement.
REGULATORY ANNOUNCEMENT ENDS
Evrima plc:
Simon Grant-Rennick
E-mail: simon@evrimaplc.com
Keith, Bayley, Rogers & Co. Limited (Aquis Exchange Corporate Adviser):
Graham Atthill-Beck
E-mail: Graham.Atthill-Beck@kbrl.co.uk
Mobile: +44 7506 43 41 07/+971 50 856 9408
Brinsley Holman
E-mail: Brinsley.Holman@kbrl.co.uk
Mob: +44 777 630 2228
Peterhouse Capital Limited (Corporate Stockbroker):
Lucy Williams: +44 (0) 20 7469 0930
Duncan Vasey: +44 (0) 20 7220 9797 (Direct)
END
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December 29, 2020 11:00 ET (16:00 GMT)
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