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1 Jul 2009 12:30
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01 July 2009
Oakley Capital Investments LimitedΒ ("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"Β or the "Fund"),Β announcesΒ that theΒ Limited Partnership'sΒ largest portfolio company, Host EuropeΒ Corporation Limited ("Host Europe"), has conditionally sold one of its three operating divisions,Β "Vialtus Solutions"Β for Β£42 millionΒ to Freedom4 Group plcΒ ("Freedom4"), which has announced its intention to change its name to Daisy Group plc ("Daisy"). The sale of Vialtus Solutions, which is subject toΒ Freedom4Β shareholder approvalΒ at an EGM to be convened on 20 July 2009, is expected to be completed within three weeks. Β£13 million of theΒ considerationΒ is to be settled in cash and the remaining Β£29 million in Ordinary Shares inΒ Freedom4. HostΒ EuropeΒ will receive under the proposalsΒ 36,250,000 Freedom4 ordinary shares (following a share consolidation on a 1 for 20 basis)Β at Β£0.80 per share.
Further announcements will be made in due course.Β
For further information please contact:Β
Β
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Oakley Capital Investments Limited |
+44Β 20 7766 6900 |
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Peter DubensΒ (Director) |
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Financial Dynamics |
+44Β 20 7831 3113 |
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Juliet Clarke / Edward Bridges / Erwan Gouraud |
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Liberum CapitalΒ LimitedΒ (Financial Adviser & Broker) |
+44Β 20Β 3100 2000 |
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Steven Tredget / Steve Pearce |
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Grant ThorntonΒ Capital MarketsΒ (Nominated Adviser) |
+44Β 20Β 7383 5100 |
|
Philip SecrettΒ |
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Β
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