RNS Number : 5366M
PME African Infrastructure Opps PLC
26 May 2010
 



26 May 2010

 

 

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 25 May 2010 it purchased 350,000 ordinary shares of USD0.01 each in the Company ("Shares") at a price of USD 0.62 per Share.

 

The Shares purchased by the Company will be held in treasury.  Following the buy-back, the Company's share capital consists of 151,274,752 Shares, of which 6,330,000 Shares are held in treasury.  Therefore the total number of voting rights in the Company is 144,944,752.

 

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

 

Further enquiries:

 

PME Infrastructure Managers Limited

Brian Myerson

+41 22 908 1190

Smith & Williamson Corporate Finance Limited

Azhic Basirov / Siobhan Sergeant

+44 20 7131 4000

Fairfax I.S. PLC

Craig Lynch

+44 20 7460 4360

Bell Pottinger

Dan de Belder

+44 20 7861 3232

On behalf of

Helvetica (Isle of Man) Company Limited

Clara Parisot

+41 798 249 788

Principle Capital

Mark Whitfeld

+44 20 7240 3222

 

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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