SGM.L Regulatory News (SGM)

11 Jun 2007 07:02

Sigma Capital Group PLC11 June 2007 For Immediate Release 11 June 2007 SIGMA CAPITAL GROUP PLC ("Sigma" or the "Company") Investment in Sigma by West Coast Capital Sigma Capital Group plc (AIM:SGM), the specialist asset management and advisorygroup, is pleased to announce that it has agreed the terms of a £2,429,148investment into the Company by West Coast Capital, a private equity fund foundedby Sir Tom Hunter, via subsidiary TBH Investments Limited. Sigma is pleased to advise that today the Company and West Coast Capital enteredinto a placing agreement ("the Agreement") under which West Coast Capital hasagreed to subscribe for 4,858,297 new ordinary shares of £0.01 each ("thePlacing Shares") at a price of 50p per share, conditional upon inter alia thepassing of certain shareholder resolutions to be proposed at an EGM, theapproval of the Financial Services Authority and the admission of the PlacingShares to trading on AIM. The Placing Shares rank pari passu with the existingordinary shares in issue and application will be made to the London StockExchange for the Placing Shares to be admitted to trading on AIM. Graham Barnet, Chief Executive of Sigma said "We are delighted by thisinvestment and associated strategic relationship with West Coast Capital at atime of significant development for Sigma. West Coast Capital's expertise andnetwork together with a mutual focus on the renewable energy sector will beinvaluable in this next phase of our growth". Commenting on today's announcement, Paul Davidson partner in West Coast Capital,said "Our strategy is to invest in strong management teams in growth sectors.Sigma, with a particular focus on renewables, fits that strategy very well hencewe are delighted to be backing the team there" ENDS ContactSigma Capital Group plcGraham Barnet, Chief Executive Officer + 44 131 220 9444 Buchanan CommunicationsDiane Stewart/Isabel Podda +44 207 466 5000 West Coast CapitalEwan Hunter +44 7803 904769 About Sigma Capital Group plc Sigma Capital Group plc is an AIM-listed UK asset management group. Sigma's business divisions focus on Specialist Fund Management in particular in the sustainable energy sector, Commercialisation of University IP and Property. www.sigmacapital.co.uk This information is provided by RNS The company news service from the London Stock Exchange