Requisition of EGM
01 August 2008
ACP Mezzanine Limited (AIM: ACPM) ("ACP Mezzanine" or "the Company") announces that it has received a notice from ACP Capital Limited ("ACP Capital") to convene as beneficial owners of 54.17% of the Company's ordinary shares an extraordinary general meeting (an "EGM") of the Company.
ACP Capital has requested that resolutions be put to shareholders in the EGM to (i) remove Mr Derek Vago, Mr Eric Youngblood and Mr Christophe Tanghe as directors of the Company with immediate effect, (ii) to appoint Mr John Chapman as a director of the Company with immediate effect, (iii) subject to Jersey Financial Services Commission consent, appoint Mr Patrick McCann and Mr James Lowenstein as directors of the Company; and (iv) to revoke the authority provided to the directors of the Company at an extraordinary general meeting held on 11 April 2008 to allot an additional 500,000,000 ordinary shares.
Shareholders will receive further notification regarding the requisition of EGM in due course.
Enquiries:
- 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.