ACMH Acmh Ltd

RNS Number:2642T
Absolute Capital Mgmt Holdings Ltd
20 March 2007


                  Absolute Capital Management Holdings Limited
                           ("ACMH" or "the Company")

                  Placing of existing shares by Panmure Gordon

                   Director dealings and interests in shares


ACMH, the fund management company focused on delivering investment returns
through the management of absolute return equity and debt funds, is pleased to
announce the completion of a placing of its shares on behalf of certain existing
shareholders. The placing represents 11.7 per cent. of the issued share capital
of the Company and was effected at 448 pence per share.


Background

Shares in ACMH were admitted to trading on AIM in March 2006 by way of an
introduction. With a limited shareholder base at the time, and one that has
become more concentrated as a result of the acquisition of Argo Capital
Management, ACMH has been evaluating means by which to respond to demand to
broaden this base and increase liquidity in the shares.

As well as increasing the free float and liquidity in the shares, the placing
introduces several high quality institutional investors to assist ACMH continue
its strong growth and expansion.


Placing

The placing represents 11.7 per cent. of the issued share capital of the Company
and was effected at 448 pence per share. Panmure Gordon acted as sole
bookrunner.

Immediately prior to the launch of the placing ACMH's directors, senior
employees and their related interests were either interested in or potential
beneficiaries in respect of, together with one large UK institutional investor,
approximately 80 per cent. of the Company's issued share capital. Following the
placing, the free float in the Company has increased to 35.9 per cent, the
balance is owned by employees and related parties.

Doyne Investments Limited, a company incorporated under the laws of British
Virgin Islands, has disposed of 2,604,166 ordinary shares pursuant to the
placing and now holds 3,536,559 ordinary shares representing 5.3% of the
Company's issued share capital. Doyne Investments Limited is owned by First
Tower Trustees Limited as Trustee of the Trust, of which the potential
beneficiaries include Sean Ewing.

CSI Asset Management Establishment has disposed of 2,604,167 ordinary shares
pursuant to the placing and now holds 25,042,663 ordinary shares representing
37.4% of the Company's issued share capital. CSI Asset Management Establishment
is a Liechtenstein Anstalt the potential beneficiaries of which include the wife
and children of Florian Homm.

Andreas Rialas, his family and related trusts has disposed of 2,604,167 ordinary
shares pursuant to the placing and now holds or is interested in 9,695,833
ordinary shares representing 14.5% of the Company's issued share capital.

ACMH announced, with the acquisition of Argo Capital Management, that up to a
maximum of 2,344,000 further shares may be issued to the vendors of Argo Capital
Management prior to 1 September 2007 pursuant to certain performance conditions
set out in the purchase agreements. The Company is pleased to announce that
these performance conditions have been satisfied by ACMH and that no further
shares will therefore be issued pursuant to this agreement. It was further
announced that additional cash consideration may become payable to the vendors
dependent on dividend declared by ACMH in respect of its 2006 results. Following
announcement of this dividend on 12 March 2007 ACMH confirms that no additional
payment will become payable.

Commenting on the announcement, Sean Ewing, Chairman and CEO, said: "It has
always been our intention to increase the liquidity of the Company's shares at
the right time by broadening our institutional investor base. The fact the
placing was oversubscribed and the quality of the new shareholders who have
joined our shareholder base is particularly pleasing. We have started 2007
positively and we look forward to continuing to generate value for our
shareholders.


Enquiries


Absolute Capital Management     Sean Ewing, Chairman and CEO    T: 020 7659 6155

Panmure Gordon                  Dominic Morley                  T: 020 7459 3600

Solomon Hare                    Nick Reeve                      T: 0117 933 3344

Cardew Group                    Tim Robertson                   T: 020 7930 0777
                                Shan Shan Willenbrock
                                David Roach


Recent ACMH achievements

No. 1 Best Hedge Fund Group, 2006 Hedge Fund Review

No. 1 European Event Driven Fund, 2005 Eurohedge

No. 1 Risk Adjusted Long/Short Fund 2005 Barclay Group

No. 1 Germany Fund over 1, 2 and 3 years, 2004 Micropal

No. 1 European Long Short Fund, 2002 HFI




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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