Directors Dealings
9 July 2008
On 4 June 2008 ACP Mezzanine Limited (“ACP Mezzanine” or the “Company”: ACPM.LN) announced that management of the Company’s investment manager, including the Company’s Executive Directors, committed to a subscription of a minimum of €1.25 million in the capital raise for 133,333,333 new ordinary shares, such commitment being underwritten by ACP Capital Limited.
As part of this subscription, Company Directors, Derek Vago and Eric Youngblood, committed to a combined subscription of €1.15 million at €0.60 per share.
Eric Youngblood has now purchased 71,000 shares at €0.60 per share over the 7 and 8 July 2008. Following the aforementioned, Mr. Youngblood has a beneficial holding in the Company of 455,000 shares representing approximately 0.19% of the issued share capital of the Company. Eric Youngblood has committed to purchase a further 96,000 shares over the next c. 10 days.
Derek Vago, a Director of ACP Mezzanine, has committed to purchase from ACP Capital Limited 1,750,000 shares over the next c. 10 days.
Enquiries:
- Rob Bailhache & Nick Henderson, Financial Dynamics +44 (0) 20 7269 7200 (Media Relations)
- Sacha Macintosh, ACP Capital UK LLP +44 (0) 844 800 4530
- Philip Secrett/ Fraser Campbell, Grant Thornton Corporate Finance (NOMAD) +44 (0) 20 7383 5100
About ACP Mezzanine
ACP Mezzanine Limited is a Jersey-incorporated, closed ended investment company quoted on AIM. It is a provider of sub-investment grade finance to European small and mid-sized enterprises – with a primary focus on the UK, France, Germany and Italy – originating, structuring and underwriting the majority of its investments through ACP Capital Limited and ACP Capital’s European network. ACP Mezzanine aims to optimise risk-adjusted returns by actively managing its portfolio and to distribute at least 85% of profits as dividends.