AVA.L Regulatory News (AVA)

10 Jul 2006 11:26

Avanti Capital PLC10 July 2006 AVANTI CAPITAL PLC SHARE BUY BACK Avanti Capital plc ("Avanti Capital" or the "Company") has purchased forcancellation 83,160 ordinary shares in the capital of the Company at 123p pershare. 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 Telephone: 020 7070 7070Julian Fellerman, Joint CEORichard Kleiner, Joint CEO Notes to Editors Avanti Capital is a private equity company. Unlike conventional closed endedprivate equity funds, Avanti Capital has no set investment timetable and focuseson the quality of individual investments rather than a portfolio strategy-ledhigh quantity investment ethic. Avanti Capital has an executive team with extensive experience of investing inand running companies across a wide range of sectors. The professionalbackgrounds and business experience of the executive team enable Avanti Capitalto see value in situations which may be unattractive to the other investors.The presence of structural issues within business are seen as an opportunity tocreate more value from any particular investment. Avanti Capital's approach to investments is both rigorous and discerning andreflects the fact that it is seeking exceptional opportunities to invest inbusinesses with high quality management teams and where Avanti Capital's ownmanagement can feel truly passionate about the business's prospects. Avanti Capital'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. ENDS This information is provided by RNS The company news service from the London Stock Exchange