Sign In
Last checked at 
1 Jul 2009 12:30
01 July 2009
Oakley Capital Investments Limited ("OCIL")
("the Company")
Portfolio Update
Divestment of Vialtus Solutions
Oakley Capital Investments Limited (AIM: OCL, "OCIL"), the AIM-listed company established to provide investors with access to the investment strategy being pursued by Oakley Capital Private Equity L.P. (the "Limited Partnership" or the "Fund"), announces that the Limited Partnership's largest portfolio company, Host Europe Corporation Limited ("Host Europe"), has conditionally sold one of its three operating divisions, "Vialtus Solutions" for £42 million to Freedom4 Group plc ("Freedom4"), which has announced its intention to change its name to Daisy Group plc ("Daisy"). The sale of Vialtus Solutions, which is subject to Freedom4 shareholder approval at an EGM to be convened on 20 July 2009, is expected to be completed within three weeks. £13 million of the consideration is to be settled in cash and the remaining £29 million in Ordinary Shares in Freedom4. Host Europe will receive under the proposals 36,250,000 Freedom4 ordinary shares (following a share consolidation on a 1 for 20 basis) at £0.80 per share.
Further announcements will be made in due course.
For further information please contact:
|
Oakley Capital Investments Limited |
+44 20 7766 6900 |
|
Peter Dubens (Director) |
|
|
Financial Dynamics |
+44 20 7831 3113 |
|
Juliet Clarke / Edward Bridges / Erwan Gouraud |
|
|
Liberum Capital Limited (Financial Adviser & Broker) |
+44 20 3100 2000 |
|
Steven Tredget / Steve Pearce |
|
|
Grant Thornton Capital Markets (Nominated Adviser) |
+44 20 7383 5100 |
|
Philip Secrett |
|
Follow the stocks
