Correction: Completion accounts of Leasecom (8726X)
December 13 2010 - 12:20PM
UK Regulatory
TIDMAPL
RNS Number : 8726X
ACP Capital Limited
13 December 2010
ACP Capital Limited
Correction Announcement
Further to the announcements dated 3 November 2010 (RNS 5593V)
and 13 December 2010 (RNS 8082X) in connection with the sale of the
Company's shareholding in Leasecom Group SAS the Company notes that
both announcements refer to a book value of Leasecom Group SAS as
at 30 September 2010 of EUR 17.2 million; this should have been GBP
17.2 million (EUR 20 million) in both announcements. All other
information remains the same. The amended text from today's
announcement appears below.
Completion accounts of Leasecom
13 December 2010
ACP Capital Limited ("ACP") is pleased to announce that it has
finalised the calculation of the post closing adjustments relating
to the sale of its interests in Leasecom Group SAS ("Leasecom") and
has received a further EUR5.4 million in cash, taking the total
cash consideration received to EUR22.4 million. The book value of
Leasecom as at 30 September 2010 was GBP17.2 million.
ACP expects to make final cash distributions to ACP shareholders
from the proceeds of these completion adjustments and the disposal
of its shareholding in Davenham Group plc. The precise amount of
the final cash distributions will depend on the directors'
assessment of liquidation costs. In accordance with ACP's policy of
promptly returning excess cash to shareholders, ACP will make a
further announcement shortly regarding final cash distributions,
the liquidation process and the de-listing from AIM.
Enquiries:
Bruce Garrow, Collins Stewart Europe, +44 (0) 207 523 8350
(Nominated Adviser)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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