ACP Capital announces board change
15 May 2007
ACP Capital Limited, the integrated finance and asset management company focused on the European Small and Medium Enterprise (SME) market which listed on AiM in 2006, is pleased to announce that Mr. Daniele G. Discepolo (age 59) has been appointed to the Board as an Non-Executive Director with effect from today.
Daniele, an Italian certified barrister, has over 30 years' experience as a corporate legal
specialist covering insurance, banking, leasing, company law and auditing. Daniele has held
various Directorships across several sectors in the Italian market, including roles at Piaggio
S.p.a where he was President of the audit committee and Lead Independent Director and at
communications specialist Invextra S.p.a where he was Chairman of the board of directors.
Daniele also has extensive experience in advising major Italian banking groups including
Gruppo Unicredito Italiano, Capitalia and Intesa San Paolo and has served as a consultant to
Deloitte and Touche, Padana S.p.a, a subsidiary of industrial group ENI, and major leasing
company Locat, part of Gruppo Unicredit, amongst others.
Daniele graduated in Public Law at the Pisa University Law School in 1969, was called to the Bar in 1972 and was admitted before the Italian Supreme Court of Cassation in 1986.
Daniele is currently a Director of Investimente e Sviluppo S.p.a, the Italian finance house with which ACP Capital intends to pursue opportunities in the Italian SME market. Daniele's responsibilities will include advising ACP Capital on identifying and developing these opportunities in this potentially lucrative market, particularly in the areas of SME financing, leasing and factoring where he has broad experience.
Commenting on his appointment, Derek Vago, CEO of ACP Capital said:
"We are very pleased to welcome Daniele to ACP Capital and are sure that his experience
and expertise will play an invaluable role in the development of ACP Capital's focus in the
Italian SME market as we continue our expansion into key target markets. We expect
Daniele's appointment to be supplemented by the opening of a Milan office in the second half
of 2007 and are delighted to have experienced representatives from each of our target
markets, namely France, Germany, Italy and the UK on our board as we pursue our stated
strategy of realizing opportunities in these crucial SME sectors."
Daniele Discepelo added:
"I am delighted to have joined ACP Capital at such an important point in its development and look forward to contributing to its future profitable growth. I believe that ACP Capital and its experienced team will be able to build a strong platform in the Italian SME market and I look forward to contributing to that success."
No further disclosures are required under Schedule 2 paragraph (g) of the AIM Rules.
For further information on ACP Capital, please visit www.acpcapital.com.
Enquiries :
| ACP Capital Limited | +44 (0) 207 082 3917 |
| Collins Stewart (Nomad)- Simon Atkinson | +44 (0)20 7523 8350 |