Disposal of Tranche D debt in IFR Capital
4 December 2009
Further to the announcement on 25 November 2009, the Board of ACP Mezzanine Limited ("ACPM": AIM: ACPM) is pleased to announce that Perfina AG has today exercised its option to acquire all of ACPM’s holding in Tranche D of IFR Capital's debt capital (“Tranche D”) for a total cash consideration of €15.0 million. Completion is expected to take place on 7 December 2009.
ACPM still retains its interests in tranches A, B and C of IFR Capital's debt.
Assuming such completion takes place on 7 December 2009, the Board of ACPM currently intends to make an announcement on that date regarding a further capital distribution to shareholders which would comprise all or part of the proceeds of the disposal of the Company’s investment in the IFR Jersey Limited preference shares, as announced on 25 November 2009, and Tranche D.
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