TIDMACPM
RNS Number : 4825M
ACP Mezzanine Ltd
30 January 2009
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ACP Mezzanine Limited
Trading Update
ACP Mezzanine Limited (the "Company": AIM: ACPM) today announces its unaudited
NAV per share as at 31 December 2008 of 32.4 eurocents (30 September 2008: 54.5
eurocents).
For the purposes of calculating this NAV per share, certain assets have been
valued on the basis of an average of indicative prices received from market
sources. Indicative prices do not necessarily reflect the realisable value of
such investments.
Significant events since the 30 September 2008 trading update are:
* A cash distribution of 10.65 eurocents per share was paid to shareholders on 19
December 2008;
* The sale on 15 January 2009 of an investment in GCI Automotive Holding GmbH for
EUR3.27 million, including accrued interest (cost EUR3 million); and
* The continued deterioration in indicative pricing for structured products.
The Company has no borrowings.
The Company's Board of Directors has today approved a cash distribution of 1.5
eurocents per share, which will be made to record holders as at 13 February 2009
on 3 March 2009.
The Company intends to release its full year results and audited financial
statements in the week commencing 23 March 2009.
Enquiries
+-------------------------------+--------------------+--------------------------+
| Collins Stewart (Nominated | Hugh Field | +44 (0) 207 523 8350 |
| Adviser) | | |
| | | |
+-------------------------------+--------------------+--------------------------+
| Hogarth Partnership | Tim McCall | +44 (0) 207 357 9477 |
| | James Longfield | |
+-------------------------------+--------------------+--------------------------+
30 January 2009
This information is provided by RNS
The company news service from the London Stock Exchange
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