RNS Number : 5825O
PME African Infrastructure Opps PLC
10 March 2009
 



10 March 2009



PME AFRICAN INFRASTRUCTURE OPPORTUNITIES PLC

("PME" or the "Company") (AIM: PMEA.L; PMEW.L)


Buy-back of shares


PME African Infrastructure Opportunities plc, an investment company established to invest in sub-Saharan African infrastructure and infrastructure related industries, announces that on 9 March 2009 it purchased 250,000 ordinary shares of USD0.01 each in the Company ("Shares") at a price of USD 0.46 per Share. 


The Shares purchased by the Company will be cancelled and as a result the total number of Shares in issue will be 175,564,058.


For further information on the Company, please refer to the website at www.pmeinfrastructure.com.


Further enquiries:


Smith & Williamson 

Corporate Finance Limited

Dr Azhic Basirov

Siobhan Sergeant

+44 20 7131 4000

 

 

 

Fairfax I.S. PLC 

James King

+44 20 7598 5368

 

 

 

Bell Pottinger 

Dan de Belder

+44 20 7861 3232

 

 

 

On behalf of

 

 

Helvetica (Isle of Man)

Clara Parisot

+41 798 249 788

Company Limited 

 

 



Note to Editors:


-    PME African Infrastructure Opportunities plc ('PME') is a company investing in sub-Saharan African infrastructure and infrastructure related industries. Its shares were admitted to AIM in July 2007 raising US$180 million.


    PME was established to invest in sub-Saharan African infrastructure and infrastructure related industries with a view to generating attractive returns, principally through capital growth. It is targeting opportunities arising from years of under investment in sub-Saharan African infrastructure where that infrastructure will be instrumental in allowing the continent's economic development to continue to grow.


    The Investment Manager is PME Infrastructure Managers Limited ('PMEIM'). The Investment Manager is responsible for identifying new investment opportunities.


    PMEIM is a joint venture between Principle Capital Holdings S.A. (AIM: PCX.L), Unicos Partners LLP (holding company of the Helvetica Group of companies), Masazane Capital (Pty) Limited and the interests of Richard Bouma, CEO of PMEIM.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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