APL Acp Capital

TIDMAPL

RNS Number : 6270W

ACP Capital Limited

23 November 2010

ACP Capital Limited ("ACP")

Proposed disposal of shareholding in Davenham

23 November 2010

The Board of Directors of ACP (the "Board") has decided to sell ACP's entire shareholding in AIM-quoted Davenham Group plc ("Davenham" AIM:DAV) to the highest bidder as one block in an auction process which will conclude on 5 December 2010. The minimum bid that will be accepted for the block is 1.75 pence per share or GBP132,874 for ACP's entire stake in Davenham. The Board will not accept any conditional or formula-priced bids.

ACP owns 7,592,774 ordinary shares in Davenham or 29.14 per cent. of its issued share capital.

The deadline for receipt of bids is 5 p.m. on 5 December 2010, with completion of any sale occurring on 9 December 2010.

Interested bidders should have their broker or market counterparty contact Collins Stewart's Sales Trading Desk (+44 (0)20 7523 8466).

Enquiries

Jean-Christophe Gas, ACP Capital UK LLP, (JC@acpcapital.com)

Bruce Garrow, Collins Stewart Europe Limited, +44 (0) 207 523 8350 (Nominated Adviser)

Notes to editors

Davenham is an AIM-quoted financing company that has ceased to write new business and is focused on collecting in its loan books in a prudent and orderly manner.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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