Capital for Colleagues plc Portfolio Update

 
TIDMCFCP 
 
Capital for Colleagues plc / EPIC: CFCP / Market: ISDX / Sector: Investment 
 
6 July 2016 
 
                          CAPITAL FOR COLLEAGUES PLC 
                  ('Capital for Colleagues' or the 'Company') 
 
                               PORTFOLIO UPDATE 
 
Capital for Colleagues, the investment vehicle focused on opportunities in the 
Employee Owned Business ('EOB') sector, is pleased to announce an update 
regarding its existing investee company, Place 2 Place Logistics Limited 
('P2P'). 
 
The GBP 150,000 short term loan from Capital for Colleagues to P2P has been 
redeemed through the allotment to the Company of 150,000 'A' Ordinary Shares of 
GBP1 each in P2P. The 'A' Ordinary Shares have preferential rights with respect 
to ongoing dividends and with respect to capital value in the event of the 
occurrence of certain exit events. In addition, Capital for Colleagues has been 
issued with ordinary shares in P2P representing around 10 per cent of the P2P 
ordinary shares in issue. 
 
As part of this restructuring, and as envisaged at the time of the Company's 
initial investment in P2P, an Employee Ownership Trust has been established at 
P2P; this Trust is now interested in 30 per cent of P2P's ordinary shares. 
 
John Eckersley, Chief Executive of Capital for Colleagues, said: 'As planned, 
we have restructured our investment in Place 2 Place as part of a package 
designed to broaden employee ownership at that company and to align our 
interest more directly with that of the company's employee owners. We will 
continue to focus on direct equity participation as our investee companies 
mature and alternative capital structures become more appropriate'. 
 
The Directors of the Company are responsible for the contents of this 
announcement. 
 
**ENDS** 
 
For further information, please visit www.capitalforcolleagues.com or contact: 
 
 
CAPITAL FOR COLLEAGUES PLC                                        0161 233 4891 
Richard Bailey, Chairman 
John Eckersley, Chief Executive 
 
PETERHOUSE CORPORATE FINANCE LIMITED                              020 7469 0930 
Mark Anwyl 
Duncan Vasey 
 
Notes 
 
Capital for Colleagues is an investment company focused on the Employee Owned 
Business ('EOB') sector.  The Company has a clear strategy aimed at investing 
in, advising and growing established, mainly UK-based, EOBs as well as 
assisting companies which are looking to launch employee ownership schemes, 
providing the capital and advice to help them achieve their objectives. 
 
Capital for Colleagues has a proven management team, with a wide network of 
contacts and affiliates, as well as established access to investment 
opportunities, enabling the Company to execute its strategy and identify and 
capitalise on EOB-focused investment opportunities. 
 
 
 
END 
 

(END) Dow Jones Newswires

July 06, 2016 02:00 ET (06:00 GMT)