Capital Distribution and EGM (0057A)

TIDMAPL

RNS Number : 0057A

ACP Capital Limited

25 January 2011

25 January 2011

ACP Capital Limited

Further Capital Distribution and EGM

ACP Capital Limited (the "Company": AIM: APL) today announces a return of capital of 1.94 pence per share and that it is posting a circular to shareholders including notice of an extraordinary general meeting proposing a resolution to cancel admission of the Company's ordinary shares to trading on AIM.

The return of capital will be payable on 18 February 2011 to shareholders on the register on 4 February 2011. The ex-dividend date will be 2 February 2011.

This distribution of GBP4,041,834 mainly comprises proceeds from the completion accounts adjustments resulting from the disposal of the Company's interest in Leasecom Group SAS (as announced on 13 December 2011).

Following this return of capital, shareholders should expect no further distributions.

The EGM will be held on 23 February 2011 at 9 a.m. at 22-24 Seale Street St Helier, Jersey, JE2 3QG. Trading in the Company's shares on AIM will be suspended at 7 a.m. on the same day.

A resolution is to be considered at the EGM for authority for the cancellation of the admission of the Company's shares to trading on AIM. The resolution will require the approval of shareholders holdings 75 per cent. or more of the votes cast at the meeting.

Subject to approval of the Company's shareholders at the EGM, the admission of Company shares to trading on AIM is expected to be cancelled with effect from 2 March 2011.

Following its delisting from AIM, the Company expects to finalise its accounts and thereafter make arrangements to be liquidated. The Company will not be making any arrangements to facilitate trading following cancellation of admission to trading on AIM. Any shareholder wishing to buy or sell Company shares subsequent to their cancellation will need to do so in a private arrangement and should send a signed share transfer (stamped, if necessary) to the Company's registered office accompanied by the share certificate and any other evidence required to prove title and due execution. Approval of the transfer will be in the power of the directors.

The circular summarises the key points which the Company's board believes its shareholders should consider and contains a unanimous recommendation to vote in favour of the Resolution.

A copy of the circular will be available on the Company's website.

Enquiries:

 
                 Collins Stewart Europe 
 Bruce Garrow     (Nominated Adviser)      [phone] 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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