11 Jun 2007 14:32
Sigma Capital Group PLC11 June 2007 For Immediate Release 11 June 2007 SIGMA CAPITAL GROUP PLC ("Sigma" or the "Company") West Coast Capital Increases Proposed Holding in Sigma to 20% Sigma Capital Group plc (AIM:SGM), the specialist asset management and advisorygroup, is pleased to announce that further to its announcement released earliertoday relating to an investment in Sigma by West Coast Capital via itssubsidiary, TBH Investments Limited (the "Placing"), it has been notified thatWest Coast Capital, via TBH Investments Limited, has today, in addition to thePlacing, purchased 3,809,674 ordinary shares of £0.01 ("Ordinary Shares"),representing 9.9 per cent of Sigma's issued share capital. Following thispurchase, and subject to the conditions of the Placing detailed in the earlierannouncement being satisfied, West Coast Capital will hold 8,667,971 OrdinaryShares, representing 20 per cent of Sigma's issued share capital as enlarged bythe Placing. Sigma also announces that it has been notified that, in order to facilitate WestCoast's acquisition of a significant stake in the Company, Neil Crabb, its ChiefInvestment Officer, has today sold 1,102,501 Ordinary Shares, representing 2.9per cent of Sigma's issued share capital, at a price of 50 pence per share.Following this sale, Mr Crabb now holds 7,289,687 Ordinary Shares, representing18.94 per cent of Sigma's issued share capital. 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'sbusiness divisions focus on Specialist Fund Management in particular in thesustainable energy sector, Commercialisation of University IP and Property. www.sigmacapital.co.uk West Coast Capital West Coast Capital is a private equity partnership established in February 2001 and owned and funded by retail entrepreneur Sir Tom Hunter and corporate advisers Jim McMahon and Paul Davidson. West Coast Capital is a partnership established in Scotland which invests mainly in the retail and property sectors, often co-investing with other major investors and institutions. This information is provided by RNS The company news service from the London Stock Exchange