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Spicers repayment reduces Fund's commitment

22 Mar 2012 15:06

RNS Number : 8996Z

Better Capital PCC Limited

22 March 2012

BETTER CAPITAL PCC LIMITED 2009 Cell 22 March 2012

Better Capital PCC Limited is pleased to report that BECAP Fund LP has received a second repayment of £10 million from its investee company, BECAP Spicers (UK) Limited, thus enabling it to reduce its commitment to the Spicers group from £40 million to £20 million.

The business is trading to plan and the investment and restructuring initiatives are continuing.

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

Nick Sanders (Head of Portfolio)

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCSEDFIEFESESD

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