3 May 2022 16:28
3 May 2022
CIP MERCHANT CAPITAL LIMITED
("CIP Merchant Capital" or the "Company")
Holding in Company
CIP Merchant Capital (AIM:CIP), a closed-ended investment company, announces that Goldfinch SA ("Goldfinch"), a company wholly owned in equal proportion by Marco Fumagalli and Carlo Sgarbi, has sold 4,836,527 ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") and Carlo Sgarbi has sold an additional 200,000 Ordinary Shares at a price of 60 pence per Ordinary Share (together, the "Share Sales") pursuant to the acceptance of the offer made by Corporation Financière Européenne S.A.. Following the Share Sales, Goldfinch, Marco Fumagalli and Carlo Sgarbi hold no Ordinary Shares.
For further information, please contact:
Merchant Capital Manager Limited (Investment Manager) Wikus Van Schalkwyk
| +44 1481 749 363 |
Strand Hanson Limited (Financial & Nominated Adviser and Broker) Stuart Faulkner / Matthew Chandler / James Bellman / Rob Patrick | +44 20 7409 3494 |
The information contained in this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 (which applies in the United Kingdom by operation of the European Union (Withdrawal) Act 2018 (as amended)). The person responsible for arranging release of this announcement on behalf of CIP is Adrian Collins.