Disposal of Tranche D debt in IFR Capital
December 04 2009 - 6:44AM
UK Regulatory
TIDMACPM
RNS Number : 6086D
ACP Mezzanine Ltd
04 December 2009
4 December 2009
ACP Mezzanine Limited
Disposal of Tranche D debt in IFR Capital
Further to the announcement on 25 November 2009, the Board of ACP Mezzanine
Limited ("ACPM": AIM: ACPM) is pleased to announce that Perfina AG has today
exercised its option to acquire all of ACPM's holding in Tranche D of IFR
Capital's debt capital ("Tranche D") for a total cash consideration of EUR15.0
million. Completion is expected to take place on 7 December 2009.
ACPM still retains its interests in tranches A, B and C of IFR Capital's debt.
Assuming such completion takes place on 7 December 2009, the Board of ACPM
currently intends to make an announcement on that date regarding a further
capital distribution to shareholders which would comprise all or part of the
proceeds of the disposal of the Company's investment in the IFR Jersey Limited
preference shares, as announced on 25 November 2009, and Tranche D.
Enquiries:
+--------------------------+--------------------------+--------------------------+
| Hugh Field / Bruce | Collins Stewart Europe | +44 (0) 207 523 8350 |
| Garrow | (Nominated Adviser) | |
+--------------------------+--------------------------+--------------------------+
| | | |
+--------------------------+--------------------------+--------------------------+
| Tim McCall / Barnaby Fry | Hogarth Partnership | +44 (0) 207 357 9477 |
+--------------------------+--------------------------+--------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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