APL Acp Capital

    RNS Number : 9376W
  ACP Capital Limited
  17 June 2008
   


    ACP Capital Limited
    17 June 2008

    ACP Capital Limited

    Requisition for EGM

    ACP Capital Limited (AIM:APL) ("ACP" or "the Company") today announces that it has received a
    requisition from Vidacos Nominees Limited ("Vidacos"), acting as nominee and on the instructions of
    Deutsche Bank in its capacity as prime broker for QVT Fund LP ("QVT") and Quintessence Fund LP
    ("Quintessence") as beneficial owners of 55,772,475 ordinary shares held by Vidacos, representing
    approximately 28.7% of the voting rights in the Company, to convene an extraordinary general meeting of
    the Company (an "EGM"). 

    QVT and Quintessence, as persons interested in more than ten percent of the Company's shares, have
    requested that resolutions be put to shareholders in the EGM proposing to remove Derek Vago, Eric
    Youngblood, Nikolaj Larsen, Francois Georges, Alan Braxton and Daniele Discepolo as directors of the
    Company and to replace them with John Chapman, Patrick McCann and James Lowenstein as directors
    of the Company, with immediate effect. 

    Shareholders will receive further notification from the Company in due course.


    Enquiries:


 Eric Youngblood, ACP Capital      +44 (0) 844 800 4530

 Nominated Adviser                 +44 (0) 207 523 8350
 Chris Wells, Collins Stewart

        


    For further information on ACP Capital, please visit www.acpcapital.com.

    About ACP Capital

    ACP Capital is a Jersey-incorporated specialist integrated finance and asset management company,
    quoted on AIM and focused on providing equity and debt products to European small and medium sized
    enterprises (the "SMEs"). 

    ACP Capital aims to benefit from opportunities generated from the strong growth in SME demand for
    integrated finance, combined with the reduced appetite for SME lending among traditional banks owing to
    higher regulatory capital requirements. 

    In order to better serve the SME markets directly, ACP Capital is establishing localised operating
    platforms (the "Platforms") in its key markets of Germany, France and the United Kingdom. These include
    to-date Leasecom, a leading SME finance provider in France, and GCI, a specialist private equity firm for
    the German SME market. Further Platforms are being evaluated currently to serve the remaining key
    markets.
This information is provided by RNS
The company news service from the London Stock Exchange
 
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