Further Capital Distribution

 

TIDMACPM 
 
RNS Number : 1836M 
ACP Mezzanine Ltd 
19 May 2010 
 

19 May 2010 
                          ACP Mezzanine Limited 
 
 
                          Further Capital Distribution 
ACP Mezzanine Limited (the "Company": AIM: ACPM) today announces a return of 
capital of 7.58 eurocents per share, payable on 8 June 2010 to shareholders on 
the register on 28 May 2010.  The ex-dividend date will be 26 May 2010. 
This distribution of approximately EUR17.8 million mainly comprises proceeds from 
the disposal of the remaining interests held in IFR Capital Plc's debt (as 
announced on 4 May 2010). 
Following the sale of these assets, the Company no longer requires the services 
of an investment manager.  As disclosed in the announcement of 25 January 2010, 
the Company gave notice to terminate the investment management agreement, with a 
termination date of 3 December 2011.  In full satisfaction of this agreement, 
the Company has agreed to make a termination payment of approximately EUR1.6 
million. 
This payment is considered a related party transaction under the AIM Rules. In 
accordance with AIM Rule 13, the directors of the Company, having consulted with 
the Company's nominated adviser, Collins Stewart Europe Limited, consider the 
payment fair and reasonable insofar as the Company's shareholders are concerned. 
Following this distribution, the Company has, in the opinion of its directors, 
retained funds sufficient to meet its remaining liabilities and the costs of 
liquidation.  Accordingly shareholders should expect no further distributions. 
The Board intends to seek shareholder approval for placing the Company into 
liquidation and delisting it from the AIM. A further announcement concerning 
these matters will be made in due course. 
Enquiries: 
+---------------------+---------------------+---------------------+ 
| Bruce Garrow        | Collins Stewart     | [phone]     | 
|                     | Europe (Nominated   | 8350                | 
|                     | Adviser)            |                     | 
+---------------------+---------------------+---------------------+ 
|                     |                     |                     | 
+---------------------+---------------------+---------------------+ 
 
 
This information is provided by RNS 
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