IFR Ifr Capital

 

TIDMAPL TIDMIFR 
 
RNS Number : 8144S 
ACP Capital Limited 
26 May 2009 
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART INTO THE UNITED 
STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN 
 
 
ACP Capital Limited 
 
 
Receipt of summons 
26 May 2009 
ACP Capital Limited (AIM: APL: the "Company") announces that IFR Capital PLC has 
served the Company with a summons and order of justice alleging that the Company 
(i) failed to perform its obligations under an Advisory Services Agreement dated 
8 November 2006 and (ii) breached alleged fiduciary duties ancillary to that 
agreement.  The action relates to events which occurred between November 2006 
and March 2008 and seeks damages of an unspecified amount in excess of Euro 28 
million, which allegedly continue to accrue at a daily rate of approximately 
Euro 50,000. The action is pending in the Royal Court of Jersey. 
The Company intends to defend the action vigorously. 
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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