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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Advance Capital | LSE:ACN | London | Ordinary Share | GB0002632569 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number:1867I
Advance Capital Invest PLC
8 August 2001
Advance Capital Invest plc
("ACI" or the "Company")
Acquisition discussions terminated
On 27 June 2001, the Board of ACI, the investment vehicle, announced that the
Company was in discussions to acquire the entire issued share capital of IAC
Holdings Limited ("IAC"), a film and television development, finance and sales
agency business. In light of the current stockmarket conditions, the Board no
longer believes that it is in the best interests of ACI shareholders to
complete the acquisition of IAC, due in part to the fact that it required a
simultaneous fundraising. Accordingly, discussions with IAC have ended.
At the time of the announcement of the proposed acquisition of IAC, trading in
the Company's shares on AIM was suspended. It is anticipated that trading
will resume immediately upon release of this announcement.
8 August 2001
For further information, please contact:
Nigel Whittaker Tel: 020 7796 4133
Chairman, Advance Capital Invest
Alistair Mackinnon-Musson / Philip Dennis Tel: 020 7796 4133
Hudson Sandler Email: aci@hspr.co.uk
Chris Callaway / Henry Turcan Tel: 020 7488 4040
Beeson Gregory
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Support: +44 (0) 203 8794 460 | support@advfn.com
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