Requisition for EGM

17 June 2008

ACP Capital Limited (AIM:APL) (“ACP” or “the Company”) today announces that it has received a requisition from Vidacos Nominees Limited ("Vidacos"), acting as nominee and on the instructions of Deutsche Bank in its capacity as prime broker for QVT Fund LP (“QVT”) and Quintessence Fund LP ("Quintessence") as beneficial owners of 55,772,475 ordinary shares held by Vidacos, representing approximately 28.7% of the voting rights in the Company, to convene an extraordinary general meeting of the Company (an “EGM”).

QVT and Quintessence, as persons interested in more than ten percent of the Company's shares, have requested that resolutions be put to shareholders in the EGM proposing to remove Derek Vago, Eric Youngblood, Nikolaj Larsen, Francois Georges, Alan Braxton and Daniele Discepolo as directors of the Company and to replace them with John Chapman, Patrick McCann and James Lowenstein as directors of the Company, with immediate effect.

Shareholders will receive further notification from the Company in due course.

Enquiries:

  • Eric Youngblood, ACP Capital +44 (0) 844 800 4530
  • Nominated Adviser - Chris Wells, Collins Stewart +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.