Incorporation of Three Subsidiaries

RNS Number : 4711A

Craven House Capital PLC

07 June 2016

 

7 June 2016

 Craven House Capital plc ("Craven House" or the "Company")

Incorporation of Three Subsidiaries

The Company is pleased to confirm that, further to the recent successful placing of new shares announced on the 17^th May 2016 and the ongoing discussions with additional prospective investors with regard to making investments in the Company via further subscriptions for new shares, Craven has successfully completed the incorporation of three new subsidiaries in Angola, Argentina and Nigeria.

In accordance the Craven House's investment policy, the Company intends to utilise the new subsidiaries to target investment in these jurisdictions in the coming months and will provide further updates to the market in due course.

Chairman, Mark Pajak commented; "As stated at the time of our interim results, we feel that the current macro-economic situation in emerging markets, who are facing significant pressures as a result of a combination of low commodity prices and unprecedented capital flight, presents Craven with extremely attractive opportunities to invest in markets at what we see as being historically low valuations."

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For further information please contact:

Craven House Capital Plc Mark Pajak www.Cravenhousecapital.com	Tel:   [phone]
SI Capital Broker Nick Emerson www.sicapital.co.uk	Tel: [phone]
SPARK Advisory Partners Limited Nominated Adviser Matt Davis/Mark Brady www.Sparkadvisorypartners.com	Tel:   [phone]

About Craven House Capital

Craven House Capital (AIM: CRV) is an investment company seeking deep value opportunities across the globe.  It seeks to create long-term shareholder value on a per share basis by deploying patient capital.  Craven House seeks to acquire real assets and operating companies that capable of generating steady cash flows.

 

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