Sabien Tech. Regulatory News (SNT)

16 Nov 2007 07:01

General Capital Group PLC16 November 2007 Press Release 16 November 2007 General Capital Group plc ("General Capital" or the "Company") Proposed Purchase of Shares in Sabien Technology Group Plc General Capital Group PLC (AIM:GENC), the asset and venture finance specialist,announces that, with the approval of the board of Sabien Technology Group Plc ("Sabien"), and subject to liquidity it intends to purchase up to 250,000 ordinaryshares of 5p each in the capital of Sabien ("Sabien Ordinary Shares") on marketat current market prices at the relevant trade date. It is intended that GeneralCapital will commence these purchases from Monday 19th November. These purchases are being made by General Capital to restore its holding inSabien to the level it held prior to the sales by the Company of 250,000 SabienOrdinary Shares between January and April 2007 referred to in the announcementmade by General Capital on 1 August 2007. Those sales were made at a time whena lock-in agreement signed on 15 December 2006 relating to such shares was inforce. Upon these purchases having been made, General Capital will have an interest in3,500,000 Sabien Ordinary Shares representing 13.2% of Sabien's issued sharecapital. A further announcement will be made by General Capital upon completionof the purchases. - Ends - For further information: General Capital Group plcMark Edworthy, Managing Director Tel: +44 (0) 1603 610610Mark.edworthy@generalcapital.co.uk www.generalcapital.co.uk Collins Stewart Europe LtdMark Connelly / Adam Cowen Tel: +44 (0) 20 7523 8350 www.collins-stewart.com Media enquiries:Abchurch Communications LtdHeather Salmond / Franziska Boehnke Tel: +44 (0) 20 7398 7700franziska.boehnke@abchurch-group.com www.abchurch-group.com For Enquiries Relating toSabien:Sabien Technology Group PlcGus Orchard 020 7993 3694 Brewin Dolphin InvestmentBankingNeil Baldwin 0845 270 8610 This information is provided by RNS The company news service from the London Stock Exchange