CLKH Clarkson Hill

 
TIDMCLKH 
 
20 July 2010 
 
                            The Clarkson Hill Group 
 
                      ("Clarkson Hill" or the "Company") 
 
                     Update on Regulatory Capital position 
 
In the report and accounts which were posted recently to shareholders, the 
Company referred to the need to raise further capital to meet its regulatory 
capital requirements. The Company is pleased to announce today that Ron 
Pritchard and Mike Robinson, two of the directors of the Company, have provided 
subordinated loans to the Company of GBP588k, which the Directors believe is 
sufficient for the Company to meet its FSA regulatory capital requirements. The 
terms of the loans are in the FSA standard format and provide a right to be 
repaid after 2 years and for interest of 5 per cent per annum and are approved 
by the FSA. 
 
The Company also confirms that trading to date remains in line with 
expectations and that the Company has sufficient working capital for its 
current purposes. 
 
The entering into of the subordinated loan agreements is deemed to be a related 
party transaction under Rule 13 of the AIM Rules for Companies. William 
Moncrieff, as the independent director, having consulted with Astaire 
Securities, as the Company's nominated adviser, believes that the terms of the 
subordinated loans are fair and reasonable insofar as the Company's 
shareholders are concerned. 
 
Contact: 
 
Ron Pritchard 
 
The Clarkson Hill Group plc 
 
Tel: 01945 585721 
 
Antony Legge / Stuart Lane 
 
Astaire Securities plc 
 
Tel: 020 7492 4750 
 
 
 
END 
 

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