Disposal of remaining IFR Debt

 

TIDMACPM 
 
RNS Number : 9866K 
ACP Mezzanine Ltd 
28 April 2010 
 

                              ACP Mezzanine Limited 
                         Disposal of remaining IFR Debt 
ACP Mezzanine Limited ("ACPM" or the "Company": AIM: ACPM) is pleased to 
announce that it has entered into an agreement to sell all of its holding of IFR 
Capital plc's ("IFR") Tranche A, Tranche B and Tranche C debt ("IFR Debt") for a 
total cash consideration of EUR18.4 million to Theo Müller Group Secs.  The 
aggregate book value (including accrued interest) as at 31 December 2009 of 
these holdings was EUR15.7 million (EUR0.35 million of principal was paid on 31 
March 2010). The sale of the IFR Debt at 95 per cent. of par represents a 
successful outcome for the Company (a 20% premium over the latest published book 
value).  Completion of the transaction is expected to take place on 30 April 
2010. 
In accordance with ACPM's policy of promptly returning excess cash to 
shareholders, ACPM will make a further announcement shortly regarding a 
distribution of these receipts. 
Since ACPM is now left with no portfolio investments, the Company will be making 
an announcement in due course concerning winding up ACPM's affairs. 
Enquiries: 
+---------------------+---------------------+---------------------+ 
| Bruce Garrow        | Collins Stewart     | [phone]     | 
|                     | Europe (Nominated   | 8350                | 
|                     | Adviser)            |                     | 
+---------------------+---------------------+---------------------+ 
| Tim McCall/ Barnaby | Hogarth Partnership | [phone]     | 
| Fry                 |                     | 9477                | 
+---------------------+---------------------+---------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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