Davenham Share Sale (6270W)
23 Noviembre 2010 - 1:00AM
UK Regulatory
TIDMAPL
RNS Number : 6270W
ACP Capital Limited
23 November 2010
ACP Capital Limited ("ACP")
Proposed disposal of shareholding in Davenham
23 November 2010
The Board of Directors of ACP (the "Board") has decided to sell
ACP's entire shareholding in AIM-quoted Davenham Group plc
("Davenham" AIM:DAV) to the highest bidder as one block in an
auction process which will conclude on 5 December 2010. The minimum
bid that will be accepted for the block is 1.75 pence per share or
GBP132,874 for ACP's entire stake in Davenham. The Board will not
accept any conditional or formula-priced bids.
ACP owns 7,592,774 ordinary shares in Davenham or 29.14 per
cent. of its issued share capital.
The deadline for receipt of bids is 5 p.m. on 5 December 2010,
with completion of any sale occurring on 9 December 2010.
Interested bidders should have their broker or market
counterparty contact Collins Stewart's Sales Trading Desk (+44
(0)20 7523 8466).
Enquiries
Jean-Christophe Gas, ACP Capital UK LLP, (JC@acpcapital.com)
Bruce Garrow, Collins Stewart Europe Limited, +44 (0) 207 523
8350 (Nominated Adviser)
Notes to editors
Davenham is an AIM-quoted financing company that has ceased to
write new business and is focused on collecting in its loan books
in a prudent and orderly manner.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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