Craven House Capital PLC Incorporation of Three Subsidiaries (4711A)
June 07 2016 - 9:07AM
UK Regulatory
TIDMCRV
RNS Number : 4711A
Craven House Capital PLC
07 June 2016
7 June 2016
Craven House Capital plc ("Craven House" or the "Company")
Incorporation of Three Subsidiaries
The Company is pleased to confirm that, further to the recent
successful placing of new shares announced on the 17(th) May 2016
and the ongoing discussions with additional prospective investors
with regard to making investments in the Company via further
subscriptions for new shares, Craven has successfully completed the
incorporation of three new subsidiaries in Angola, Argentina and
Nigeria.
In accordance the Craven House's investment policy, the Company
intends to utilise the new subsidiaries to target investment in
these jurisdictions in the coming months and will provide further
updates to the market in due course.
Chairman, Mark Pajak commented; "As stated at the time of our
interim results, we feel that the current macro-economic situation
in emerging markets, who are facing significant pressures as a
result of a combination of low commodity prices and unprecedented
capital flight, presents Craven with extremely attractive
opportunities to invest in markets at what we see as being
historically low valuations."
Ends
For further information please contact:
Craven House Capital Plc Tel: 020 7002 1027
Mark Pajak
www.Cravenhousecapital.com
SI Capital Tel: 01483 413500
Broker
Nick Emerson
www.sicapital.co.uk
SPARK Advisory Partners Tel: 0203 368 3550
Limited
Nominated Adviser
Matt Davis/Mark Brady
www.Sparkadvisorypartners.com
About Craven House Capital
Craven House Capital (AIM: CRV) is an investment company seeking
deep value opportunities across the globe. It seeks to create
long-term shareholder value on a per share basis by deploying
patient capital. Craven House seeks to acquire real assets and
operating companies that capable of generating steady cash
flows.
This information is provided by RNS
The company news service from the London Stock Exchange
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