ARC Capital Holdings Limited Shareholder update (9092Y)
04 Dicembre 2014 - 5:41PM
UK Regulatory
TIDMARCH
RNS Number : 9092Y
ARC Capital Holdings Limited
04 December 2014
4 December 2014
ARC Capital Holdings Limited
("ARCH" or the "Company")
Shareholder update
The board notes the recent price movement and unusually high
trading volume in ARCH shares. Whilst the Company has not received
any formal notification as to the identity of the new controller of
a significant number of ARCH shares, the board understands that
there are rumours that some or all of the larger purchases are
connected to the former investment manager to the Company, ARC
Capital Partners Limited, or entities related to it or the PAG
group.
The board recently convened the Company's AGM at which it is
proposed to amend the Company's articles of association with a view
to enhancing minority shareholder protection by requiring
shareholders to disclose their interests in shares and to require a
shareholder acquiring more than 30 per cent of the shares to make
an offer to acquire all of the issued shares of the Company or
otherwise face disenfranchisement. The board is concerned that the
acquisition of these shares is being undertaken with a view to
ensuring the AGM resolutions will not be passed.
Shareholders are reminded that on 15 August 2014 the Company
announced that it had issued legal proceedings claiming damages in
the sum of at least RMB480 million against ARC Capital Partners
Limited for negligence and/or breach of the investment management
agreement.
For more information, please contact:
ARC CAPITAL HOLDINGS LIMITED: NOMINATED ADVISER:
Steve Feniger, Chairman Philip Secrett
of the Board Grant Thornton Corporate
Steve.feniger@gmail.com Finance
T: (44) 20 7383 5100
Philip.J.Secrett@uk.gt.com
------------------------------ ----------------------------
BROKER:
Numis Securities Limited
David Benda / Hugh Jonathan
T: (44) 20 7260 1000
F: (44) 20 7260 1001
d.benda@numiscorp.com
------------------------------ ----------------------------
About ARC Capital Holdings Limited
ARC Capital Holdings Limited ("ARCH") (AIM: ARCH) is a
closed-end investment company with net assets of US$75.50 million
as at 30 September 2014. ARCH was admitted to trading on the AIM
Market of the London Stock Exchange in June 2006. ARCH holds
investments in the retail, consumer goods and consumer services
sectors, principally in China.
For more information about ARC Capital Holdings Limited, please
visit: www.arch-fund.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUGGMWPUPCGQC
Grafico Azioni Arc Capital (LSE:ARCH)
Storico
Da Lug 2024 a Ago 2024
Grafico Azioni Arc Capital (LSE:ARCH)
Storico
Da Ago 2023 a Ago 2024
Notizie in Tempo Reale relative a Arc Capital (Borsa di Londra): 0 articoli recenti
Più Arc Capital Articoli Notizie