Transaction in Own Shares
13 May 2008
ACP Capital Limited ('the Company') announces that on 13 May 2008 it purchased a total of 10,000 of the Company's ordinary shares of 10p each at an average price of 85.0 pence per share. The purchased shares will be cancelled. Following this repurchase, the Company's current issued share capital is now 197,802,941 ordinary shares of 10p each. The total number of voting rights in the Company is therefore 195,802,026, excluding the 2,000,915 ordinary shares held in treasury by the Company.
Enquiries:
- Rob Bailhache & Nick Henderson, Financial Dynamics +44 (0) 20 7269 7200 (Media Relations)
- Chris Wells, Collins Stewart Europe Limited (NOMAD) +44 (0) 207 523 8350
About ACP Capital
ACP Capital is a Jersey-incorporated specialist integrated finance and asset management company, quoted on AIM and focused on providing equity and debt products to European small and medium sized enterprises (the “SMEs”).
ACP Capital aims to benefit from opportunities generated from the strong growth in SME demand for integrated finance, combined with the reduced appetite for SME lending among traditional banks owing to higher regulatory capital requirements.
In order to better serve the SME markets directly, ACP Capital is establishing localised operating platforms (the "Platforms") in its key markets of Germany, France and the United Kingdom. These include to-date Leasecom, a leading SME finance provider in France, and GCI, a specialist private equity firm for the German SME market. Further Platforms are being evaluated currently to serve the remaining key markets.