Trading Update

 

TIDMACPM 
 
RNS Number : 4344W 
ACP Mezzanine Ltd 
29 July 2009 
 
ACP Mezzanine Limited 
Trading Update 
29 July 2009 
ACP Mezzanine Limited (the "Company": AIM: ACPM) today announces its unaudited, 
indicative NAV per share as at 30 June 2009 of 28.8 eurocents (31 March 2009: 
28.7 eurocents). 
The indicative value of the portfolio, together with cash balances, as at 30 
June 2009 was as follows: 
+---------------------------------------+----------+------------+-+----------+ 
|                                       |  30 June |   31 March | |          | 
|                                       |     2009 |       2009 | |          | 
+---------------------------------------+----------+------------+-+----------+ 
| Portfolio                             | EUR'000s |   EUR'000s | |          | 
+---------------------------------------+----------+------------+-+----------+ 
|                                       |          |            | |          | 
+---------------------------------------+----------+------------+-+----------+ 
| IFR Senior Facilities                 |   25,956 |     25,610 | |          | 
+---------------------------------------+----------+------------+-+----------+ 
| IFR Pref. Equity                      |   14,942 |     13,376 | |          | 
+---------------------------------------+----------+------------+-+----------+ 
| IFR Pref. Equity - accrued interest   |    5,159 |      3,700 | |          | 
+---------------------------------------+----------+------------+-+----------+ 
| Other Loans                           |    9,063 |      9,063 | |          | 
+---------------------------------------+----------+------------+-+----------+ 
| CLOs                                  |    1,666 |      2,080 | |          | 
+---------------------------------------+----------+------------+-+----------+ 
| CDOs                                  |      285 |        238 | |          | 
+---------------------------------------+----------+------------+-+----------+ 
| RMBS                                  |      158 |        144 | |          | 
+---------------------------------------+----------+------------+-+----------+ 
| Total Portfolio Assets                |   57,229 |     54,211 | |          | 
+---------------------------------------+----------+------------+-+----------+ 
| Cash Balance*                         |   10,493 |     13,800 | |          | 
+---------------------------------------+----------+------------+-+----------+ 
Indicative prices do not necessarily reflect the realisable value of such 
investments. 
* The cash balance includes EUR5.971 million at 30 June 2009 (EUR5.971 million at 31 
March 2009) being the undrawn amount of the loan facility committed by the 
Company to a direct subsidiary of Leasecom Group SAS. 
The Company has no borrowings. 
Significant events since the 31 March 2009 trading update are as follows: 
  *  A cash distribution of 2.0 eurocents per share was paid to shareholders on 27 
  May 2009; 
  *  The sale of all the Company's shareholding in PFAFF Industrie Machinen AG 
  ("PFAFF") for EUR0.693m. These shares were pledged as security under the EUR9 
  million loan facility provided to PFAFF by the Company in June 2008. PFAFF filed 
  for insolvency in September 2008, but its shares have continued to be listed and 
  traded on the Frankfurt Stock Exchange. The EUR0.693 million represents a 7.7% 
  recovery. 
 
 Enquiries: 
+--------------------------+-------------------------------+--------------------+ 
| Hugh Field / Bruce       | Collins Stewart Europe        |    [phone] | 
| Garrow                   | Limited (Nominated Adviser)   |               8350 | 
+--------------------------+-------------------------------+--------------------+ 
| Tim McCall / Barnaby Fry | Hogarth Partnership           |    [phone] | 
|                          |                               |               9477 | 
+--------------------------+-------------------------------+--------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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