Half Yearly Report
23 September 2009
Interim results for the six month period ended 30 June 2009
ACP Capital Limited (“ACP” or the “Company”; AIM: APL) today announces its interim results for the six month period ended 30 June 2009. The group primarily comprises ACP along with its consolidated subsidiary, ACP Mezzanine (“ACPM”), of which ACP owns 54.37 percent of the issued equity (the “Group”).
ACP’s strategy continues to be to sell assets at appropriate prices and return the proceeds to shareholders.
Financial highlights for the six months ended 30 June 2009:
Proceeds of £9.62 million generated from the sale of the Group’s interests in GCI Automotive Holding, Iceland Foods Group and PFAFF Industrie Machinen
Cash distributions to shareholders totalling 6.25 pence per ACP share
Earnings per share of 1.80 pence
Net asset value per share as at 30 June 2009 of 52.0 pence
Consolidated cash and cash equivalents as at 30 June 2009 of £11.7 million
After the period end, the Group sold its participation in a loan agreement in George Mezz Limited for a cash consideration of £1.612 million representing a 23% premium to book value
Subsequent to the period end, Leasecom Group SAS repaid the financing provided to it of €9.03 million. Leasecom retains the rights, under agreed conditions, to draw up to €15 million under this facility
Enquiries
- Hugh Field/Bruce Garrow, Collins Stewart Europe, +44 (0) 207 523 8350 (Nominated Adviser)
- Tim McCall/Barnaby Fry, Hogarth Partnership, +44 (0) 207 357 9477