Issue of Equity

RNS Number : 0070B

Arc Fund Management Holdings PLC

08 August 2008

 

For Immediate Release                                                                                                         8 August 2008

ARC FUND MANAGEMENT HOLDINGS PLC 

ISSUE OF NEW SHARES

Arc Fund Management Holdings plc ('Arc' or 'the Company'; AIM: AFM), announces the issue  today of 3,807,143 new Ordinary Shares of 0.5p at a price of 6.335p per share as part of the consideration payable on the purchase of Throgmorton Financial Services Limited ('TFS'). The additional consideration is due in connection with the finalisation of TFS's Net Assets at the time of acquisition.

Application will be made to the London Stock Exchange for the new Ordinary Shares to be admitted to trading on AIM, and trading is expected to commence on 14 August 2008.

For further information please contact:-

Arc Fund Management Holdings plc	020 7623 3345
Christopher Rowe, Chief Executive Officer John Gracey, Finance Director   Throgmorton Financial Services Limited Frank McWilliams	0161 945 4411
Beaumont Cornish Limited	0207 628 3396
Roland Cornish
Fiske plc	0207 448 4700
Clive Harrison
Bankside Consultants
Simon Astley	020 7367 8888
	Mobile: [phone]

Notes to Editors 

Arc Fund Management Holdings plc

Arc Fund Management Holdings plc is an established fund management group, combining fund management and corporate finance expertise, specialising in funds which invest in early stage private companies.

Arc Fund Management is the principal operating company of the group and has a particular focus on the management of tax efficient funds including EISs and its European property OEIC and an established structured product company.

Arc is a Member of the London Stock Exchange.

The Company currently has assets of £500m under management and was listed on AIM (Company symbol: AFM) in July 2006.

Throgmorton Financial Services

Throgmorton Financial Services Limited was established in 2003 to offer high quality independent financial planning advice to high net worth individuals.

With an estimated £85m under advice currently TFS's aim is to build its recurring income and funds under advice by both offering a premier service and attracting further client mandates.

 

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