Half Yearly Report
23 September 2009
Interim results for the six month period ended 30 June 2009
ACP Mezzanine Limited (“ACP Mezzanine” or the “Group”; AIM: ACPM), today announces its interim results for the six month period ended 30 June 2009.
ACP Mezzanine’s strategy continues to be to sell assets at appropriate prices and return the proceeds to shareholders.
Financial highlights as of 30 June 2009 and the preceeding six month period:
Proceeds of €7.1 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 3.5 euro-cents per share
Loss per share 0.11 euro-cents
Net asset value per share as at 30 June 2009 of 28.8 euro-cents
Consolidated cash and cash equivalents of €10.5 million
Revaluation of investment portfolio resulting in a consolidated unrealised loss of €6.2 million
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