Hedge Agreement
11 May 2010 - 5:07PM
UK Regulatory
TIDMAPL
RNS Number : 6818L
ACP Capital Limited
11 May 2010
ACP Capital Limited
Final payment made under the IFR currency hedge
On 30 April 2010 ACP Capital announced that it had completed an agreement to
sell its remaining interests IFR Capital plc's debt for EUR39.4 million to a third
party. Further to this announcement, ACP has now settled all outstanding
liabilities pursuant to a currency hedge agreement dated 20 December 2007 by
paying IFR GBP7.6 million. This hedge agreement had been entered into by former
management to hedge IFR's Euro obligations into Sterling.
Enquiries:
+---------------------+---------------------+---------------------+
| Bruce Garrow | Collins Stewart | +44 (0) 207 523 |
| | Europe (Nominated | 8350 |
| | Adviser) | |
+---------------------+---------------------+---------------------+
| Tim McCall/ Barnaby | Hogarth Partnership | +44 (0) 207 357 |
| Fry | | 9477 |
+---------------------+---------------------+---------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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