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31 October 2024
Camellia Plc
(the "Company" or the "Group")
Possible sale of Bangladesh associate companies
Camellia notes the announcements made on the Dhaka Stock Exchange by United Finance Limited and United Insurance Company Limited, Camellia's Bangladesh listed associate companies operating in the finance and insurance sectors. Camellia confirms that certain of its subsidiaries have agreed in principle to sell their entire holdings in United Finance Limited (38.4% ownership) and United Insurance Company Limited (37% ownership) by way of block trades on the Dhaka Stock Exchange, subject to, inter alia, receipt of required regulatory approvals in Bangladesh.
A further announcement will be made in due course as appropriate.
This announcement contains inside information for the purposes of the UK Market Abuse Regulation.
Enquiries
01622 746655
Byron Coombs, CEO
Oliver Capon, Chief Financial Officer
Panmure Liberum
020 7886 2500
Nominated Adviser and Broker
Emma Earl
Rupert Dearden
H/Advisors Maitland
07785 292617
PR
William Clutterbuck
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