Begbies Regulatory News (BEG)

18 Mar 2008 07:01

Begbies Traynor Group PLC18 March 2008 18 March 2008 Begbies Traynor Group plc Re: Carlyle Capital Corporation liquidation Begbies Traynor Group plc, the specialist professional services organisation,today makes the following announcement in respect of Carlyle Capital CorporationLimited ("CCC" or "the Company"). CCC, a publicly-listed company on Euronext Amsterdam N.V., has been placed intoliquidation having announced on 16 March 2008 that shareholders had votedunanimously in favour of a compulsory winding up proceeding under the CompaniesLaw in the Royal Court of Guernsey. Chris Morris, Neil Mather, Alan Roberts and Adrian Rabet of Begbies Traynor havebeen appointed joint liquidators and are commencing their investigations intothe Company's affairs with a view to assessing its assets and liabilities sothat an orderly winding up can be achieved. - Ends - For further information, please contact: www.begbies-traynorgroup.com Begbies Traynor Group plc 0161 837 1700Ric Traynor, Executive ChairmanJohn Gittins, Chief Financial Officer Shore Capital & Corporate Limited 020 7408 4090Guy Peters Smithfield 020 7360 4900Reg Hoare/Katie Hunt/Will Henderson Notes to editors: About Begbies Traynor Group:Begbies Traynor Group plc is a specialist professional services organisationproviding independent professional advice and solutions to businesses, financialinstitutions, the accountancy professions and individuals in the areas ofcorporate finance, recovery, investigation, risk management, commercial financeand specialist tax advice. It is listed on AIM (Ticker: BEG.L). Carlyle Capital CorporationCCC is a closed-end investment fund domiciled and registered as a limitedcompany under the laws of Guernsey, Channel Islands. CCC invested in adiversified portfolio of fixed income assets including high-grade mortgages andcredit products. The Company completed its initial global offering in July 11, 2007, raising netproceeds of approximately $322 million. After giving effect to the net proceeds,pro forma total equity at June 30, 2007 was approximately $880 million. Theportfolio of available for sale financial assets at June 30, 2007 was $22.7billion. This information is provided by RNS The company news service from the London Stock Exchange