RNS Number : 1173W
ACP Mezzanine Ltd
06 June 2008
ACP Capital Exercises Part of Option Deed in ACP Mezzanine
6 June 2008
ACP Mezzanine Limited ("ACP Mezzanine": ACPM.LN) the closed-ended investment company
focused on lending to European small and
medium-sized enterprises ("SMEs") today announces that ACP Capital Limited ("ACP Capital":
APL.LN) has exercised part of the Options granted
to it pursuant to the Option Deed dated 20 July 2006 between ACP Mezzanine and ACP Capital. As
a result, ACP Mezzanine will allot 1,000,000
ordinary shares in ACP Mezzanine to ACP Capital at the Option Deed price of EUR1 per ordinary
share. As disclosed in the Admission Document
of ACP Mezzanine in July 2006, this exercise of part of the options under the Option Deed will
not result in ACP Capital being obliged to
make a general offer to acquire all shares in ACP Mezzanine. ACP Capital, following the issue
of the 1,000,000 ordinary shares in ACP
Mezzanine, shall own 47.34% of the issued share capital of ACP Mezzanine.
Enquiries:
Rob Bailhache & Nick Henderson, Financial Dynamics +44 (0) 20 7269 7200
(Media Relations)
Sacha Macintosh, ACP Capital UK LLP +44 (0) 844 800 4530
Philip Secrett/ Fraser Campbell, Grant Thornton Corporate Finance
(NOMAD) +44 (0) 207 383 5100
For further information on ACP Capital or ACP Mezzanine, please visit www.acpcapital.com.
About ACP Mezzanine
ACP Mezzanine Limited is a Jersey-incorporated, closed ended investment company quoted on
AIM. It is a provider of sub-investment grade
finance to European small and mid-sized enterprises - with a primary focus on the UK, France,
Germany and Italy - originating, structuring
and underwriting the majority of its investments through ACP Capital Limited and ACP Capital's
European network. ACP Mezzanine aims to
optimise risk-adjusted returns by actively managing its portfolio and to distribute at least
85% of profits as dividends.
About ACP Capital
ACP Capital is a Jersey-incorporated specialist integrated finance and asset management
company, quoted on AIM and focused on providing
equity and debt products to European small and medium sized enterprises (the "SMEs").
ACP Capital aims to benefit from opportunities generated from the strong growth in SME
demand for integrated finance, combined with the
reduced appetite for SME lending among traditional banks owing to higher regulatory capital
requirements.
In order to better serve the SME markets directly, ACP Capital is establishing localised
operating platforms (the "Platforms") in its
key markets of Germany, France and the United Kingdom. These include to-date Leasecom, a
leading SME finance provider in France, and GCI, a
specialist private equity firm for the German SME market. Further Platforms are being
evaluated currently to serve the remaining key
markets.
This information is provided by RNS
The company news service from the London Stock Exchange
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