Half Yearly Report
2010年9月3日 - 3:00PM
RNSを含む英国規制内ニュース (英語)
TIDMAPL
RNS Number : 0922S
ACP Capital Limited
03 September 2010
3 September 2010
ACP Capital Limited
Interim results for the six month period ended 30 June 2010
ACP Capital Limited ("ACP" or the "Company"; AIM: APL) today announces its
interim results for the six month period ended 30 June 2010. The group
primarily comprises ACP along with its consolidated subsidiary, ACP Mezzanine
("ACPM"), of which ACP owns 54.37 percent of the issued equity (the "Group").
ACP Mezzanine Limited was placed into liquidation on 15 July 2010.
ACP's strategy continues to be to sell assets at appropriate prices and return
the proceeds to shareholders.
Financial highlights for the six months ended 30 June 2010:
· The Group's various interests in IFR have been disposed of in the period:
- The IFR syndicated loans were sold to Theo Muller Group Sec for GBP50.2
million;
- The currency hedge agreement between IFR and ACP was settled for GBP7.6
million; and
- The remaining IFR equity was sold for GBP0.2 million.
· On 24 March 2010 the Group sold all of its 5.7 million ordinary shares in
GCI Management AG ("GCI") for a total consideration of GBP2.2 million (or
approximately GBP0.39 per share);
· ACP currently has two remaining investments:
Leasecom
Leasecom is currently performing in line with ACP's expectations. All of
consolidated turnover, EBITDA and net profits have significantly increased for
the audited financial year 2009 compared to the previous financial year 2008.
The company has also been engaged over the last few months in a process to
reduce its fixed cost base and continue to improve profitability for the
shareholders. For the financial year 2009, ACP Capital has received
approximately GBP3 million of dividends from Leasecom.
In line with its stated strategy, ACP is engaged in discussions with various
parties interested in purchasing its stake in Leasecom.
During the period the value of the investment has reduced by GBP1.5 million, due
to an adverse exchange movement;
Davenham
On 30 June 2010, the management of Davenham Group plc (in which the Company has
an equity investment of 7.6 million shares that has been valued at nil)
announced the result of a strategic review, where it was decided that the
business would stop writing new business and go into 'run-off'. In view of
this, the Board of Davenham Group plc considers that there is likely to be no
value for ordinary shareholders in the Company.
· During the period the Group terminated the investment management
agreement between ACPM and ACP Investment Management Limited ("ACPIM"), this has
resulted in ACPM paying ACPIM a break fee of GBP1.4 million.
· During the period the Company has made two capital distributions:
- 4.85 pence per share was paid on 5 May 2010; and
- 16.76 pence per share was paid on 10 June 2010.
· During the period the ACPM has made two capital distributions:
- 2.2 eurocents (1.91 pence) per share was paid on 30 April 2010; and
- 7.58 eurocents (6.25 pence) per share was paid on 8 June 2010.
For further information:
· Bruce Garrow of Collins Stewart Europe Limited - Tel +44 (0) 207 523 8350
· www.acpcapital.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
IR GMGGLNZLGGZM
ACP Capital (LSE:APL)
過去 株価チャート
から 5 2024 まで 6 2024
ACP Capital (LSE:APL)
過去 株価チャート
から 6 2023 まで 6 2024
Real-Time news about Acp Capital (ロンドン証券取引所): 0 recent articles
その他のAcp Capitalニュース記事