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DJ Capital for Colleagues plc Portfolio Update

 
TIDMCFCP 
 
Capital for Colleagues plc / EPIC: CFCP / Market: NEX / Sector: Investment 
 
5 September 2019 
 
CAPITAL FOR COLLEAGUES PLC 
 
('Capital for Colleagues' or the 'Company') 
 
PORTFOLIO UPDATE - COTSWOLD VALVES LIMITED 
 
Capital for Colleagues, the investment vehicle focused on opportunities in the 
Employee Owned Business ('EOB') sector, is pleased to announce that it has 
agreed terms for the realisation of the Company's investment in its portfolio 
company, Cotswold Valves Limited ('CVL'). 
 
Capital for Colleagues first invested in CVL in 2015 and subsequently supported 
CVL as it expanded its business through the acquisition of Flow Control Company 
Limited ('FCCL') in 2018. Capital for Colleagues and the management of CVL have 
now agreed that CVL and FCCL will be better able to develop their business 
under a revised ownership structure which, at this point, is not focused as 
rigorously on the promotion of Employee Ownership as Capital for Colleagues 
would prefer. 
 
Accordingly, the Company has agreed to sell its equity interest in CVL for its 
acquisition cost of GBP220,000 in cash and to re-schedule all existing loans from 
the Company to CVL and FCCL, totaling GBP450,000. The Directors of the Company 
expect that the full consideration for the disposal and the amounts outstanding 
on the loans will be received by the Company in the course of the next three 
years. 
 
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                                      01985 201 983 
Richard Bailey, Chairman 
Alistair Currie, Chief Executive 
 
PETERHOUSE CAPITAL LIMITED                                      020 7469 0930 
Mark Anwyl 
Duncan Vasey 
 
Capital for Colleagues 
 
Capital for Colleagues is an investment company focused on the UK EOB sector. 
The Company 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 capitalise on EOB-focused investment 
opportunities. 
 
Market Abuse Regulation (MAR) Disclosure 
 
The information contained within this announcement is deemed by the Company to 
constitute inside information as stipulated under the Market Abuse Regulation 
(EU) No. 596/2014. Upon the publication of this announcement via a Regulatory 
Information Service, this inside information is now considered to be in the 
public domain. 
 
 
 
END 
 

(END) Dow Jones Newswires

September 05, 2019 02:01 ET (06:01 GMT)