Company Update
July 03 2008 - 12:20PM
UK Regulatory
RNS Number : 3087Y
Absolute Capital Mgmt Holdings Ltd
03 July 2008
Absolute Capital Management Holdings Limited ("ACMH")
Company Update
ACMH is aware of reports that a lawsuit naming it and certain of its former executives has been filed in Colorado, USA by an investor in
several of ACMH's investment funds. ACMH has not been served with the claim.
Further announcements will be made as appropriate.
As previously announced, ACMH has instructed Berwin Leighton Paisner LLP and PricewaterhouseCoopers to carry out a review of the
dealings of its investment funds under the management of its former Chief Investment Officer, Florian Homm, focusing in particular on the
funds' illiquid investments. This review is expected to be complete by the end of the summer. ACMH's management continues to be focused on
managing the assets of its investment funds in the interests of investors.
Enquiries
Absolute Capital Management Tel: +41 41 560 9660
Holdings Limited
Jonathan Treacher
Shamillia Sivathambu
Panmure Gordon Tel: +44 (0)20 7459 3600
Dominic Morley
Callum Stewart
Cardew Group Tel: +44 (0)20 7930 0777
Tim Robertson
Shan Shan Willenbrock
This information is provided by RNS
The company news service from the London Stock Exchange
END
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