ACP Capital Investor Information

Advisers:

Nominated Adviser and Broker:

Collins Stewart Europe Limited
9th Floor, 88 Wood Street
London EC2V 7QR

Auditor:

BDO Stoy Hayward LLP
55 Baker Street
London W1U 7EU

Legal Advisers:

Travers Smith LLP
10 Snow Hill
London EC1A 2AL

Ozannes
P.O Box 733
29 Esplanade
St Helier, Jersey JE4 0ZS
Channel Islands

Media Relations:

Hogarth Partnership Limited
No 1 London Bridge
London SE1 9BG

Latest Share Price:

Results:

Shareholder Documents:

Shares and Significant Shareholders:

The major shareholder list was last amended on 4 December 2008.

ACP Capital's share capital is admitted to trading on AIM, a market of the London Stock Exchange

Significant Shareholders of ACP Capital are as follows:

  • QVT Financial LP - 58,643,000 (28.15%)
  • Aviva – 25,970,607 (12.47%)
  • Derek Vago - 25,097,588 (12.05%)
  • The Baupost Group LLC - 13,750,000 (6.60%)
  • Artemis Investment Management - 12,143,961 (5.83%)
  • Societe Generale – 9,785,503 (4.70%)
  • Millennium 7,700,000 (3.70%)
  • Midas - 6,550,000 (3.14%)
  • Weiss Capital - 6,336,000 (3.04%)

Total shares not in public hands – 0

Total issued share capital – 208,341,941

Total voting rights – 208,341,941

The rights of shareholders may be different from the rights of shareholders of a UK incorporated company.

Boards and Committees:

ACP Capital Directors' Page

It is anticipated that the experience of ACP Capital’s Board Members will enable ACP Capital to obtain fair value for its investments and return capital to the shareholders. Stephen Coe will oversee the audit process and work to improve financial controls whilst Antony Gardner-Hillman will focus on compliance as well as Jersey and UK legal issues.

ACP Capital has established an Audit Committee, which carries out a variety of functions, including reviewing annual and interim results, receiving reports from its auditors, agreeing the auditors’ remuneration and assessing the effectiveness of the audit and internal control environment. The Audit Committee oversees the relations with the external auditors and where necessary, may obtain specialist external advice from either its auditors or other advisers. This committee comprises Stephen Coe (Chairman), Patrick McCann, and James Lowenstein.

ACP Capital has established a Remuneration Committee, which is responsible for reviewing the scale and structure of the senior employees' remuneration and the terms of their service or employment contracts, including share option schemes and other bonus arrangements.

This committee comprises Stephen Coe, Antony Gardner-Hillman, and James Lowenstein.

The Nomination Committee comprises John Chapman, Patrick McCann, and James Lowenstein whilst the Litigation Committee comprises John Chapman, Patrick McCann, and Antony Gardner-Hillman.

Incorporation and Operations Information:

  • ACP Capital Limited was incorporated on 6 December 2005 as a public company under the Companies ( Jersey ) Law 1991.
  • Registration Number: 91066
  • Registered Office: 22-24 Seale Street, St Helier, Jersey, JE2 3QG
  • ACP Capital mainly operates in Europe.

ACP Capital Investing Policy

ACP Capital Limited manages and holds investments and funds/vehicles in niche product sectors. The Investing Policy of the Company and its subsidiary (together the “Group”) is to realise the Group's investment portfolio as opportunities arise and to distribute the net proceeds arising to shareholders. It is intended that such distributions will, where possible, be in the form of capital.

The Group does not take part in the day to day management of the underlying investments and does not intend to make further investments other than current portfolio companies in order to seek to protect or enhance the Company’s shareholder value. The Group has no maximum exposure limits with respect to individual portfolio investments.

Under the Articles, the net borrowings of the Group must not exceed an amount equal to three times the “adjusted equity shareholders’ funds” (as defined in the Articles). It is the current intention of the Directors that Group companies will not take on borrowings. However, portfolio investments themselves may be leveraged.

The Company has no other investment restrictions.

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The information contained on this page is for the purpose of compliance with Rule 26 of AIM requirements and was updated on 22 October 2009.

The information on this Investor Information page is accurate to the best of ACP Capital's knowledge. Notwithstanding the fact that ACP Capital has taken every effort to ensure that nothing on this page is inaccurate or misleading, investors should note that this information has not been subject to any external verification process.

Date this information was updated: 22 October 2009.