Statement re potential transaction

 

TIDMPCX 
 
RNS Number : 0551F 
Principle Capital Holdings S.A. 
05 January 2010 
 

 
 
Principle Capital Holdings S.A. 
 
 
("Principle Capital," or the "Company") 
 
 
 
 
Principle Capital in talks regarding potential transaction 
 
 
 
 
Following the recent movement in its share price, Principle Capital announces 
that it is in talks and has signed non-binding heads of terms with a third party 
regarding a potential transaction (the "Transaction"). The discussions remain 
subject to the fulfilment of a number of conditions, including due diligence and 
there is no certainty that a deal will be concluded. 
 
 
The key terms of the Transaction include: 
 
 
  *  an injection of capital at a share price based on recent average market levels, 
  which have been below the current share price 
 
 
 
  *  a proposal to cancel the Company's admission to trading on AIM 
 
 
 
  *  a mechanism for all shareholders to exit at the same price as the injection of 
  capital. 
 
 
 
 
 
These proposals are subject to contract and shareholder approval, including any 
proposal to cancel the admission to trading on AIM. The Board will update 
shareholders in due course. 
 
 
 
- Ends - 
 
 
 
 
Enquiries 
 
 
+---------------------------------------+---------------------------------------+ 
| Principle Capital Holdings            | [phone]                      | 
| Jonathan Sieff                        |                                       | 
| Mark Whitfeld                         |                                       | 
|                                       |                                       | 
+---------------------------------------+---------------------------------------+ 
| Bell Pottinger Corporate & Financial  | [phone]                      | 
| Olly Scott                            |                                       | 
|                                       |                                       | 
+---------------------------------------+---------------------------------------+ 
| Singer Capital Markets                | [phone]                      | 
| Jeff Keating                          |                                       | 
|                                       |                                       | 
+---------------------------------------+---------------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 STRLLFFVLFIEIII