Business
Intermediate Capital Group plc announces disposals
Intermediate Capital Group plc announces disposals.
About this update from Icg Plc
[{"type":"text","content":"\n Intermediate Capital Group plc announces disposalsIntermediate Capital Group Plc1 July 2013Intermediate Capital Group plc announces disposals Further to the announcements of prior realisations made on 6 June 2013 and 17 June 2013, Intermediate Capital Group plc (\"ICG\") announces that the mezzanine investment made by ICG and the Intermediate Capital Asia Pacific Mezzanine Fund 2005 (the \"Fund\") in Link Group (AAS Link) has been fully repaid. Total proceeds received by ICG and the Fund at the time of repayment were A$98.2m. A$52.8m of the proceeds were received by ICG with A$45.5m received by the Fund. ICG and the Fund will continue to hold a minority equity position in the company after this repayment. Link is a third party financial record keeper comprised of complementary businesses of Pension & Superannuation administration, Share Registry & Investor Relations and associated value added services.ICG will continue to make the market aware of future exits if they are material to the business as a whole.Investor Enquiries: Ian StanlakeInvestor Relations, ICG plc+44 (0) 20 3201 7880Media Enquiries:Helen BarnesCorporate Communications, ICG plc+44 (0) 20 3201 7760Neil BennettMaitland+44 (0) 20 379 5151This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.The owner of this announcement warrants that:(i) the releases contained herein are protected by copyright and other applicable laws; and(ii) they are solely responsible for the content, accuracy and originality of theinformation contained therein.Source: Intermediate Capital Group plc via Thomson Reuters ONEHUG#1712931\n \n ","length":2623,"tagName":"div"}]