Re PCIT: Further Fund Raising
May 02 2007 - 12:54PM
UK Regulatory
RNS Number:0036W
Principle Capital Holdings S.A.
02 May 2007
PRINCIPLE CAPITAL HOLDINGS S.A.
("Principle Capital")
FURTHER FUND RAISING - PRINCIPLE CAPITAL INVESTMENT TRUST PLC
The Board of Principle Capital is pleased to note the announcement made today by
Principle Capital Investment Trust plc ("PCIT") (Ticker: PCIT), regarding a
placing of 8,379,000 new ordinary shares in PCIT which will be issued at a price
of 123.8776p per new share in cash to clients of E.I.M. SA, a Swiss management
company of a fund of funds.
The new shares will be issued at a premium to the last published unaudited net
asset value of PCIT, being 121.40p as at 27 April 2007. The net proceeds of the
issue to PCIT will be approximately #10.2m.
As at 27 April 2007, PCIT had unaudited net assets of approximately #101.7
million. Pro forma net assets of PCIT, following the issue of the new shares,
will be approximately #111.9 million. Dealings in the new PCIT shares are
expected to commence on 3 May 2007.
Following this placing and the placing by South African Property Opportunities
plc announced on 1 May 2007, Principle Capital is pleased to report funds under
management on a pro forma basis standing at approximately #190m ($390m).
For further information, please contact:
Zoe Biddick
Biddicks
Tel no. +44 207 448 1000
Principle Capital
James Peggie/David Cooley
+44 20 7240 3222
Numis Securities Limited
Stuart Skinner
+44 20 7260 1000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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