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DJ Capital for Colleagues plc Portfolio Update

 
TIDMCFCP 
 
Capital for Colleagues plc / EPIC: CFCP / Market: ISDX / Sector: Investment 
 
1 December 2016 
 
                          CAPITAL FOR COLLEAGUES PLC 
 
                  ('Capital for Colleagues' or the 'Company') 
 
                               PORTFOLIO UPDATE 
 
Capital for Colleagues, the investment vehicle focused on opportunities in the 
Employee Owned Business ('EOB') sector, is pleased to announce an update 
regarding its existing investee company, Hire & Supplies Limited ('H&S'), which 
is engaged in tool and plant sale and rental from branches in the west of 
Scotland. 
 
The GBP 200,000 fixed term loan from Capital for Colleagues to H&S and the 
100,000 Convertible Preference Shares of H&S held by the Company have been 
redeemed through the allotment to the Company of 'A' Ordinary Shares of GBP1 each 
in H&S with a value of GBP 300,000. The 'A' Ordinary Shares have preferential 
rights with respect to ongoing dividends and with respect to capital value in 
the event of the occurrence of certain exit events. 
 
John Eckersley, Chief Executive of Capital for Colleagues, said: 'Our 
restructured investment in H&S underlines our intention to align the Company's 
interests more directly with those of our investee companies' employee owners. 
We will continue to prioritise direct equity participation as our portfolio 
companies mature and this type of capital structure becomes more appropriate - 
for both us and our investees'. 
 
The Directors of the Company are responsible for the contents of this 
announcement. 
 
**ENDS** 
 
For further information, please visit www.capitalforcolleagues.com or contact: 
 
 
CAPITAL FOR COLLEAGUES PLC                                        0161 233 4891 
Richard Bailey, Chairman 
John Eckersley, Chief Executive 
 
PETERHOUSE CORPORATE FINANCE LIMITED                              020 7469 0930 
Mark Anwyl 
Duncan Vasey 
 
Notes 
 
Capital for Colleagues is an investment company focused on the Employee Owned 
Business ('EOB') sector.  The Company has a clear strategy aimed at investing 
in, advising and growing established, mainly UK-based, EOBs as well as 
assisting companies which are looking to launch employee ownership schemes, 
providing the capital and advice to help them achieve their objectives. 
 
Capital for Colleagues has a proven management team, with a wide network of 
contacts and affiliates, as well as established access to investment 
opportunities, enabling the Company to execute its strategy and identify and 
capitalise on EOB-focused investment opportunities. 
 
 
 
END 
 

(END) Dow Jones Newswires

December 01, 2016 03:12 ET (08:12 GMT)