Prime Active Capital PLC Completion of Disposal (7204Q)
September 03 2014 - 4:17AM
UK Regulatory
TIDMPACC
RNS Number : 7204Q
Prime Active Capital PLC
03 September 2014
Completion of Disposal
Prime Active Capital plc ("PAC") or "the Company")
Further to the disposal of the US assets to ABC Phones of North
Carolina, Inc. ("the Disposal") announced by PAC on the 1 August
2014 and the approval of the Disposal by shareholders at the EGM of
the 22 August 2014, PAC is pleased to announce that the Disposal
has now completed and the Company is now an investing company for
the purposes of AIM Rule 15 and ESM Rule 15.
The Company has repaid the Mosaic Loan Facility. Mr Smith's
board position was co-terminous with repayment of the Mosaic Loan
Facility. The board of PAC have considered Mr Smith's role on the
board to be of great value and so it has been decided that Mr Smith
will continue on the board for the foreseeable future to provide
continuity and assist in the identification and review of suitable
acquisitions going forward.
The Company's investing policy is to invest in and/or acquire
companies active in the technology, media or entertainment sector.
The Directors intend to focus primarily on the UK and Ireland where
the Directors believe that there are suitable opportunities,
although other countries may also be considered to the extent that
the Board considers that value opportunities exist and attractive
returns can be achieved. Further details on the Company's investing
policy may be reviewed at www.pacplc.com
For further information contact:
Nominated Adviser / ESM Adviser
Prime Active Capital plc Davy Corporate Finance
Dermot Martin, Executive Chairman Anthony Farrell / Eugenee Mulhern
+ 353 1 295 9895 + 353 1 679 6363
This information is provided by RNS
The company news service from the London Stock Exchange
END
DISQKNDDCBKKPCK
Prime Active (LSE:PACC)
Historical Stock Chart
From May 2024 to Jun 2024
Prime Active (LSE:PACC)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about Prime Active (London Stock Exchange): 0 recent articles
More Prime Active News Articles