19 Nov 2012 09:04
BETTER CAPITAL PCC LIMITED 2009 Cell
19 November 2012
Better Capital PCC Limited (the "Company") is pleased to report that BECAP Fund LP (the "2009 Fund") has acquired certain bank facilities and related rights of ATH Resources Plc and its subsidiary, Aardvark TMC Limited (together "ATH"). The investment has been effected through a special purpose vehicle (the "SPV") owned and controlled by the 2009 Fund.
ATH is an operator of surface coal mines in Scotland and is listed on the Alternative Investment Market of the London Stock Exchange (ticker: ATH).
ATH's recent trading update for the financial year ended 30 September 2012 (released 5 October 2012) announced revenues of over £90 million for the period.
The 2009 Fund has committed £15 million to the SPV.
Enquiries:
Better Capital PCC Limited +44 (0)1481 716 000
Mark Huntley (Director)
Laurence McNairn (Administrator and Company Secretary)
Better Capital LLP +44 (0)20 7440 0840
Jon Moulton (Chairman)
Nick Sanders (Head of Portfolio)