APL Acp Capital

 

TIDMAPL 
 
RNS Number : 6691L 
ACP Capital Limited 
15 January 2009 
 
 
 
 
 
15 January 2009 
 
 
ACP Capital Limited (AIM:APL) today announces that it has concluded an agreement 
to sell its 40% shareholding in GCI Automotive Holding GmbH for a cash 
consideration of EUR3.75m. The company will receive an initial sum of EUR2.88m 
together with two further payments of EUR434,700 each on 30 June 2009 and 31 
December 2009.  Including FX gains, the sale price represents a 46 percent 
premium to book value. 
 
 
As part of this same transaction, ACP Mezzanine Limited (AIM:ACPM) has agreed to 
sell its EUR3.00m debt portion of this investment at par plus accrued interest, 
which represents a 17.5 percent IRR. 
 
 
 The company further notes that it expects to return to shareholders the 
proceeds of this disposal as soon as practicable in accordance with company 
policy of promptly distributing all excess capital to shareholders. 
 
 
Enquiries 
  *  Hugh Field, Collins Stewart Europe, +44 (0) 207 523 8350 (Nominated Adviser) 
  *  Tim McCall/James Longfield, Hogarth Partnership, +44 (0) 207 357 9477 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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