6 May 2010 10:00
6 May 2010
PME AFRICAN INFRASTRUCTURE OPPORTUNITIES PLC
("PME" or the "Group") (AIM: PMEA.L; PMEW.L)
Temporary Management Changes
PME African Infrastructure Opportunities plc, an investment company established to invest in sub-Saharan African infrastructure and infrastructure related industries, has been informed by the Investment Manager, PME Infrastructure Managers Limited ("PMEIM"), that Brian Smith, joint chairman of PMEIM, is on a temporary basis discharging the responsibilities of Richard Bouma as Chief Executive, who remains available to the Investment Manager in relation to investment matters. The Investment Manager has informed the board of PME that these arrangements will not have an impact on the level of investment management services to be provided to the Group.
Further enquiries:
| PME Infrastructure Managers Limited | Brian Myerson | +41 22 908 1190 |
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| Smith & Williamson Corporate Finance Limited | Azhic Basirov / Siobhan Sergeant | +44 20 7131 4000 |
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| Fairfax I.S. PLC | James King / Gillian McCarthy | +44 20 7598 5368 |
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| Pelham Bell Pottinger | Dan de Belder | +44 20 7861 3232 |
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| On behalf of Helvetica (Isle of Man) Company Limited | Clara Parisot | +41 798 249 788 |
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| 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.