RNS Number : 8974C
  ACP Capital Limited
  05 September 2008
   

    ACP Capital Limited 

    and

    ACP Mezzanine Limited 

    Trading update


    ACP Capital Limited ("ACP") (AIM: APL) and ACP Mezzanine Limited ("ACPM") (AIM: ACPM) together announce that ACPM has serious concerns
about the ability of Pfaff Industrie Maschinen AG ("Pfaff"), a German industrial company, to meet its obligations under a Euro 9 million
loan facility for which ACPM is the lender. This loan was arranged in June 2008 prior to the appointment of the new directors for ACP and
ACPM, but ACP and ACPM were informed yesterday that Pfaff is likely to become insolvent unless it can obtain additional funding and reach an
agreement with its creditors.

    As a result of the integrated finance strategy pursued by ACPM and ACP, the net asset values of both companies are likely to be
detrimentally affected by the negative returns currently expected from this one investment. ACP may be affected not only through its
shareholding in ACPM, but also through its direct investment in GCI Management AG, the parent company of Pfaff.

    The respective reviews of their portfolio of assets by ACP and ACPM are continuing. Further information will be announced following the
completion of this review.

    Enquiries:

 Chris Wells, Collins Stewart   +44 (0) 207 523 8350
 (Nominated Adviser)




This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
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