ASH.L Regulatory News (ASH)

12 Jun 2008 09:14



Ashley House plc ("Ashley House" or "the Company")

Completion of Acquisition

Further to the announcement released by the Company yesterday, Ashley House is pleased to announce that it has completed the acquisition from Babcock & Brown, the international investment and specialised fund and asset management group, of a controlling interest in the private sector partner in seven NHS Local Improvement Finance Trust franchises (the "Acquisition").

As detailed in the circular posted to shareholders on 19 May 2008, with effect from completion of the Acquisition, the following directors were appointed to the Board of Ashley House as non-executive Directors:

(Allan) Cameron Cook (Aged 36)

Cameron Cook is a principal financier with Babcock & Brown where he has been employed since 2001 working primarily in the PPP/PFI sector with a particular focus on NHS LIFT. He has worked on the development activity and financial closures for 23 separate LIFT primary and social care centres up to the end of March 2008, and is actively involved in all Babcock & Brown LIFT areas. Prior to joining Babcock & Brown he trained as a Chartered Accountant with Ernst & Young, where he qualified as an ACA in 1998 and worked within the project finance team of the corporate finance practice. He is a Director in the Bexley Bromley & Greenwich LIFT group of companies, of Infracare (Midlands) Limited, of Infracare (South West) Limited and also of Integrated Health Partners Limited. 

Giles James Frost (Aged 45)

Giles Frost is joint head of the European public infrastructure business unit at Babcock & Brown. He has been employed at Babcock & Brown since 2000 and has been involved in the development, investment in and management of projects in the public infrastructure sector throughout this time. Prior to joining Babcock & Brown he was a solicitor and partner in the law firm Wilde Sapte (now Denton Wilde Sapte). Giles is also a director of Babcock & Brown Public Partnerships Limited, a London Stock Exchange listed investment company which invests principally in infrastructure projects developed within the public sector around the world.

The Schedule to this announcement sets out the names of companies and partnerships of which Cameron Cook and Giles Frost have been directors or partners at any time in the previous five years, indicating whether or not they are still a director or partner.

There are no other matters which are required to be announced pursuant to paragraph (g) of Schedule 2 to the AIM Rules.

Enquiries:

  Schedule

Details of the names of companies and partnerships of which Allan Cameron Cook and Giles Frost have been directors or partners at any time in the previous five years are set out below.

(a)  (Allan) Cameron Cook

(i)  Current directorships

AHBB ELL Holdings Ltd

AHBB LHIL Holdings Ltd

Bexley Bromley and Greenwich LIFT Company Limited

BBG Holdco Limited

BBG LIFT Accommodation Services Limited

Babcock & Brown Operational Health Business Investment Limited

European Healthcare Investments Limited

Integrated Health Partners Limited

Infracare (Midlands) Limited

Infracare (South West) Limited

(ii)  Previous directorships

Cameron Cook has no previous directorships which require disclosure.

(b)  Giles James Frost

(i)  Current directorships

AHBB ELL Holdings Ltd

AHBB LHIL Holdings Ltd

Babcock & Brown Public Partnerships Limited (Guernsey)

Babcock & Brown Public Partnerships 1 S.a.r.l. (Lux)

Babcock & Brown Public Partnerships 2 S.a.r.l. (Lux)

BBPP North America S.a.r.l. (Lux)

Abingdon Limited

Babcock & Brown (Derbyshire Courts) Limited

Babcock & Brown (PPP) Limited

Babcock & Brown (Tower Hamlets Schools) Limited

Babcock & Brown PFI Holdings Limited

Babcock & Brown Properties (Abingdon) Limited

Babcock & Brown Properties (Bootle) Limited

Babcock & Brown Properties (Calderdale Schools) Limited

Babcock & Brown Properties (Derbyshire Schools Phase Two) Limited

Babcock & Brown Properties (Derbyshire Schools) Limited

Babcock & Brown Properties (H&W Courts) Limited

Babcock & Brown Properties (Norfolk) Limited

Babcock & Brown Properties (Rhyl St Asaph) Limited

Babcock & Brown Properties (St Thomas More) Limited

Babcock & Brown Properties (Strathclyde) Limited

Babcock & Brown Properties Limited

Babcock & Brown Properties No. 2 Limited

Babcock & Brown Public Partnerships GP Limited

BBG Holdco Limited

BBG LIFT Accommodation Services Limited

BBPP (Aust) Limited

BBPP Bond Limited

Bexley, Bromley and Greenwich LIFT Company Limited

Black Country STM Limited

Bootle Derby Holdings Limited

Bootle PFI Solutions 1998 (2) Limited

Calderdale Schools Limited

Derbyshire Courts (Property Co-Trustee) Limited

Derbyshire Courts Limited

Derbyshire Schools Limited

Derbyshire Schools Phase Two Limited

East London LIFT Accommodation Services Limited

East London Lift Accommodation Services No2 Limited

East London LIFT Company Limited

East London LIFT Holdco No2 Limited

East London LIFT Investments Limited

East London Schools Limited

Fieldsecond Limited

H&W Courts Limited

LIFT Healthcare Investments Limited

LIFT Investors Limited

Long Eaton School Limited

Maesteg School (Babcock & Brown) Limited

Maesteg School (Bridgend) Limited

Maesteg School Limited

Narville Limited

NW (BBP) Limited

Peak Courts Limited

PPP Senior Funding Limited

Rhyl St Asaph Limited

St Thomas More Limited

STM (H) Limited

Strathclyde Limited

Taskmore Limited

TH (11th Hour) Limited

Tower Hamlets Holdings Limited

Tower Hamlets Schools Limited

Wellesley Barracks Limited

WISP Nantgarw (Property Co-Trustee) Limited

WISP Nantgarw GP Limited

WISP Nantgarw LP Limited

WISP Newport (Property Co - Trustee) Limited

WISP Newport GP Limited

WISP Newport LP Limited

WISP Properties Limited

WISP Strategic Partnership Limited

WISP Swansea (Property Co-Trustee) Limited

WISP Swansea GP Limited

WISP Swansea LP Limited

Wymondham Limited

(ii) Previous directorships

Afteracross Limited

Healthcare Improvement Partnership (Wolverhampton City and Walsall) Limited

Infracare (Midlands) Limited

Infracare (South West) Limited

Infracare (South) Limited

Infracare Capital Limited

Infracare Group Limited

Infracare Partnering Limited

Wolverhampton City and Walsall Holdco Limited

Wolverhampton City and Walsall LIFT Accommodation Services Limited