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Kubera Cross-Border (KUBC)

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Tuesday 09 June, 2009

Kubera Cross-Border

Repurchase and Cancellation o

RNS Number : 5554T
Kubera Cross-Border Fund Limited
09 June 2009
 



9 June 2009


Kubera Cross-Border Fund Limited


Repurchase and Cancellation of Shares


Kubera Cross-Border Fund Limited (the 'Fund') (LSE/AIM: KUBC) announces that, on 8 June 2009, pursuant to the buyback announced on 1 June 2009, the Fund repurchased 40,100,058 ordinary shares of US$0.01 each ('Ordinary Shares') at US$ 0.61 per share. 


The Ordinary Shares were repurchased by Numis Securities on behalf of the Fund. 


These repurchased shares will be cancelled, following which the Fund will have 111,904,323 Ordinary Shares outstanding with voting rights in the Fund. With this repurchase, the Fund's buyback amount of $25 million, as delineated in the announcement of 1 June 2009, has been fully utilized.



For more information contact:


Ramanan Raghavendran, Managing Partner

Kubera Partners, LLC (Investment Manager of Kubera Cross-Border Fund Limited)

Tel.: +1 (212) 295 2400

Email: info@kuberapartners.com


Numis Securities Limited (Broker)

David Benda, Director

Tel.:+44 (0) 20 7260 1275

Email: d.benda@numiscorp.com


Grant Thornton UK LLP (Nominated Adviser)

Philip Secrett, Partner

Tel.: +44 (0) 20 7383 5100

Email: philip.j.secrett@gtuk.com



About Kubera Cross-Border Fund Limited


Kubera Cross-Border Fund Limited is a Cayman Islands incorporated closed-end investment company traded on the AIM market of the London Stock Exchange. The Fund makes private equity investments in cross-border companies, primarily in businesses that operate in the US-India corridor. The Fund's investment manager, Kubera Partners, brings a strong track record of investing in or managing such businesses. Several of the Fund's investee companies also benefit from business activities in the growing Indian domestic market. For further information on the Fund, please visit www.kuberacrossborderfund.com.



This information is provided by RNS
The company news service from the London Stock Exchange
 
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