APL Acp Capital

    RNS Number : 5255W
  ACP Capital Limited
  11 June 2008
   

    ACP Capital Limited

    ACP Capital Successful Revocation of the Collective Investment Funds Permit

    In line with Resolution 8 approved by the majority of shareholders during the Annual General Meeting held on 3 April 2008, ACP Capital
Limited (the "Company": APL.LN) has received formal notification from the Jersey Financial Services Commission ("JFSC") that the application
made by the Company for the revocation of the permit held by the Company under the Collective Investment Funds (Jersey) Law 1988 ("CIF Law")
has been approved by the JFSC with immediate effect.

    As the Company is not a collective investment fund as defined in Article 3 of the CIF Law, the Directors are pleased with this
revocation and believe the Company will benefit from a reduced cost of compliance, which had previously resulted from a regulatory regime
that was not applicable to the Company. 



    Enquiries:

 Rob Bailhache & Nick Henderson, Financial Dynamics
 (Media Relations)                                   +44 (0) 207 269 7200

 Sacha Macintosh, ACP Capital UK LLP                 +44 (0) 844 800 4530

 Chris Wells, Collins Stewart Europe Limited
 (NOMAD)                                             +44 (0) 207 523 8350

    For further information on ACP Capital, please visit www.acpcapital.com.

    About ACP Capital

    ACP Capital is a Jersey-incorporated specialist integrated finance and asset management company, quoted on AIM and focused on providing
equity and debt products to European small and medium sized enterprises (the "SMEs"). 

    ACP Capital aims to benefit from opportunities generated from the strong growth in SME demand for integrated finance, combined with the
reduced appetite for SME lending among traditional banks owing to higher regulatory capital requirements. 

    In order to better serve the SME markets directly, ACP Capital is establishing localised operating platforms (the "Platforms") in its
key markets of Germany, France and the United Kingdom. These include to-date Leasecom, a leading SME finance provider in France, and GCI, a
specialist private equity firm for the German SME market. Further Platforms are being evaluated currently to serve the remaining key
markets.

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