Trading Update
Summary by AI BETAClose X
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION (EU) NO 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED ("UK MAR"). ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
CEIBA INVESTMENTS LIMITED
("CEIBA" or the "Company")
(TICKER CBA, ISIN: GG00BFMDJH11)
Legal Entity Identifier: 213800XGY151JV5B1E88
TRADING UPDATE
Acquisition of Interest
On 4 June 2026, the Cuban government approved a transaction as a result of which CEIBA Investments Limited ("CEIBA" or the "Company"), who through its wholly-owned subsidiaries, participates in the Miramar Trade Center, a mixed-use commercial real estate project developed, owned and operated by Inmobiliaria Monte Barreto S.A. ("Monte Barreto"), has been able to increase its interest and become the sole shareholder of Monte Barreto.
Monte Barreto was incorporated in 1996 as a joint venture with Inmobiliaria Lares S.A., a subsidiary of the now-extinct Corporacion Cubalse S.A., later transferred to Inmobiliaria Cimex S.A. It was the first and most-important large-scale commercial real estate project developed in Cuba and presently has a total rentable area of 600,000 square feet (56,000 square metres). The share transfer and completion of the transaction also took place on 4 June 2026. As a result of the transaction, Monte Barreto is now a full foreign capital company, as provided under Cuban law, and a 100% subsidiary of the Company.
As a full foreign capital company, Monte Barreto falls under the supervision of the Ministry of Foreign Trade and Investment, with total autonomy of operations, benefitting from the new rules approved by the Cuban government in late 2025, including the direct hiring and remuneration of its personnel.
All other assets and operations of the Company are in the tourism sector with companies that fall under the supervision of the Ministry of Tourism.
The transaction, which has been the result of a process of negotiations that started as early as in March 2017 and was finalized on 22 April 2026, was fully funded using monies of Monte Barreto, including reserves, unpaid dividends and other Cuban onshore funds attributable to Monte Barreto and its shareholders. The transaction did not require cash contributions from CEIBA.
The Company expects that the transaction will be beneficial to CEIBA and its shareholders.
For further information, please contact:
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Sebastiaan Berger
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Via NSM Funds Limited |
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Singer Capital Markets James Maxwell / Patrick Weaver (Corporate Finance) Sam Geatrex (Sales)
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Tel: +44 (0)20 7496 3000 |
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NSM Funds Limited |
Tel: +44 (0)1481 743030
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www.ceibainvest.com
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