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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Acp Capital | LSE:APL | London | Ordinary Share | GB00B0T9K295 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.375 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number : 8974C ACP Capital Limited 05 September 2008 ACP Capital Limited and ACP Mezzanine Limited Trading update ACP Capital Limited ("ACP") (AIM: APL) and ACP Mezzanine Limited ("ACPM") (AIM: ACPM) together announce that ACPM has serious concerns about the ability of Pfaff Industrie Maschinen AG ("Pfaff"), a German industrial company, to meet its obligations under a Euro 9 million loan facility for which ACPM is the lender. This loan was arranged in June 2008 prior to the appointment of the new directors for ACP and ACPM, but ACP and ACPM were informed yesterday that Pfaff is likely to become insolvent unless it can obtain additional funding and reach an agreement with its creditors. As a result of the integrated finance strategy pursued by ACPM and ACP, the net asset values of both companies are likely to be detrimentally affected by the negative returns currently expected from this one investment. ACP may be affected not only through its shareholding in ACPM, but also through its direct investment in GCI Management AG, the parent company of Pfaff. The respective reviews of their portfolio of assets by ACP and ACPM are continuing. Further information will be announced following the completion of this review. Enquiries: Chris Wells, Collins Stewart +44 (0) 207 523 8350 (Nominated Adviser) This information is provided by RNS The company news service from the London Stock Exchange END TSTSSAFWISASEFU
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