PMEA.L Regulatory News (PMEA)

24 Dec 2007 11:08

PME African Infrastructure Opps PLC24 December 2007 24 December 2007 PME African Infrastructure Opportunities Plc("PMEA" or "the Company") Cancellation of Share Premium Account PME African Infrastructure Opportunities Plc, announces that on 21 December 2007it received confirmation from the High Court of Justice of the Isle of Man ofits approval for the Company to cancel the amount of the share premium accountand for such amount to be credited as a distributable reserve. PMEA stated its intention to seek such approval in its admission document dated6 July 2007. Having received court approval, the amount of the share premiumaccount so cancelled will be credited as a distributable reserve which will beable to be applied in any manner in which the Company's profits available fordistribution are able to be applied. 24 December 2007 For further information, please contact: Azhic Basirov Tel: 020 7131 4000Smith & Williamson Corporate Finance Limited James King Tel: 020 7598 4078Fairfax I.S. PLC Anne Dalen Tel: 020 7240 3222Principle Capital on behalf ofPME Infrastructure Managers Limited This information is provided by RNS The company news service from the London Stock Exchange