16 Dec 2009 16:15
16 December 2009
PME AFRICAN INFRASTRUCTURE OPPORTUNITIES PLC
("PME" or the "Company") (AIM: PMEA.L; PMEW.L)
Buy-back of shares
PME African Infrastructure Opportunities plc, an investment company established to invest in sub-Saharan African infrastructure and infrastructure related industries, announces that on 16 December 2009 it purchased 875,000 ordinary shares of USD0.01 each in the Company ("Shares") at a price of USD 0.66 per Share.
The Shares purchased by the Company will be cancelled and as a result the total number of Shares in issue will be 151,649,752.
For further information on the Company, please refer to the website at www.pmeinfrastructure.com.
Further enquiries:
| PME Infrastructure Managers Limited | Richard Bouma | +41 22 908 1190 |
| Smith & Williamson Corporate Finance Limited | Azhic Basirov / Siobhan Sergeant | +44 20 7131 4000 |
| Fairfax I.S. PLC | James King | +44 20 7598 5368 |
| Bell Pottinger | Dan de Belder | +44 20 7861 3232 |
| On behalf of Helvetica (Isle of Man) Company Limited | Clara Parisot | +41 798 249 788 |
| Principle Capital | Mark Whitfeld | +44 20 7240 3222 |
Note to Editors:
- PME African Infrastructure Opportunities plc ('PME') is a company investing in sub-Saharan African infrastructure and infrastructure related industries. Its shares were admitted to AIM in July 2007 raising US$180 million.
- PME was established to invest in sub-Saharan African infrastructure and infrastructure related industries with a view to generating attractive returns, principally through capital growth. It is targeting opportunities arising from years of under investment in sub-Saharan African infrastructure where that infrastructure will be instrumental in allowing the continent's economic development to continue to grow.
- The Investment Manager is PME Infrastructure Managers Limited ('PMEIM'). The Investment Manager is responsible for identifying new investment opportunities.
- PMEIM is a joint venture between Principle Capital Holdings S.A. (AIM: PCX.L), Unicos Partners LLP (holding company of the Helvetica Group of companies), Masazane Capital (Pty) Limited and the interests of Richard Bouma, CEO of PMEIM.