AVA.L Regulatory News (AVA)

20 Apr 2006 15:36

Avanti Capital PLC20 April 2006 Avanti Capital plc ("the Company") Share buy back The Company has purchased for cancellation 50,000 ordinary shares in the capitalof the Company at 150p per share. The number of ordinary shares in issue, following the buy back is 8,777,092. It is the Company's current intention to continue to use the authority grantedby its shareholders to buy back shares whilst the share price remains at adiscount to its stated net asset value. Contact:Avanti Capital plc 020 7070 7070Julian Fellerman , Joint CEORichard Kleiner, Joint CEO Notes to Editors Avanti Capital is a private equity company. Unlike conventional close endedprivate equity funds, Avanti has no set investment timetable and focuses on thequality of individual investments rather than a portfolio strategy-led highquantity investment ethic. Avanti has an executive team with extensive experience of investing in andrunning companies across a wide range of sectors. The professional backgroundsand business experience of the executive team enable Avanti to see value insituations which may be unattractive to the other investors. The presence ofstructural issues within business are seen as an opportunity to create morevalue from any particular investment. Avanti's approach to investments is both rigorous and discerning and reflectsthe fact that it is seeking exceptional opportunities to invest in businesseswith high quality management teams and where Avanti's own management can feeltruly passionate about the business's prospects. Avanti's investment criteria are as follows: - • European businesses.• Strong management with a proven track record.• Wide ranging businesses, which show the potential for material growth in the short to medium term, including consumer brands, leisure, retail and specialist support services.• Undervalued businesses or assets in both the public and private arena.• Where appropriate, the company will seek to raise debt finance to part fund any investment. Avanti Capital is listed on the Alternative Investment Market of the LondonStock Exchange and therefore offers shareholders participation in private equitydeals through a quoted vehicle. This information is provided by RNS The company news service from the London Stock Exchange