Investment Manager Update
17 July 2008
ACP Mezzanine Limited (AIM:ACPM) ("ACP Mezzanine" or "the Company") announces that all resolutions were passed at the ACP Capital Limited ("ACP Capital") EGM that was held today, whereby six of the eight directors of ACP Capital were removed from office with immediate effect and Mr John Chapman, Mr Patrick McCann and Mr James Lowenstein were appointed to the board of ACP Capital.
The board of the Company are currently assessing the impact of the change of board control of ACP Capital, the parent of the investment manager to the Company, and will make further notifications as soon as practicable.
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
- Clayton Bush / Simon Stilwell Liberum Capital Limited (Financial Adviser and Broker) +44 (0) 20 3100 2000
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 per cent. of profits as dividends.