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Market: AIM
Sector: General Financial
EPIC: CMB
Latest Price: 0.00p  (0,00%)
52-week High: 25.25p
52-week Low: 15.50p
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Cambria Africa plc
www.cambriaafrica.com

 

Cambria Africa plc is a long term, active investment company, building a portfolio of investments primarily in Zimbabwe.  

The name of the Company is inspired by the Cambrian period in the earth's development, also referred to as the "Cambrian explosion".

It represents an anticipated period of rapid development and a promising new era for the Company, its shareholders and employees – alongside the current economic renaissance of Zimbabwe.

It has been listed on the AIM market of the London Stock Exchange since 2007.  Until February 2012 the Company was known as LonZim plc.

 

Full Cambria Africa plc profile here
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LonZim raises £917,341 through placing

16th Sep 2011, 7:42 am by Giles Gwinnett The funds raised will provide working capital for existing businesses and help LonZim to continue its investment strategy, said the AIM-quoted company

Zimbabwe-focused investment company LonZim (LON:LZM) has  raised £917,314  through a placing of 3.98 million shares to Consilium Emerging Market Return Master Fund at 23 pence each.

This is at a premium to yesterday's closing price of 19.75 pence.

The funds raised will provide working capital for existing businesses and help LonZim to continue its investment strategy, said the AIM-quoted company.

Prior to the placing, Consilium was already the second largest shareholder in the firm with a 10.19 percent stake.

The placing shares will represent approximately 6.86 percent of the company's enlarged issued share capital.

In May this year, the company said its five core businesses were well placed for economic recovery in the country after it revealed increased revenues and a reduced operating loss in its interim results.

During the six months to 28 February, the firm's revenues improved 14.4 per cent to £3.1 million while its operating loss was reduced to £2.5 million (H1 2010: £3.1 million).

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