Proposed Purchase of Shares in Sabien Technology Group Plc
16 November 2007
General Capital Group PLC (AIM:GENC), the asset and venture finance specialist, announces that, with the approval of the board of Sabien Technology Group Plc (“Sabien”), and subject to liquidity it intends to purchase up to 250,000 ordinary shares of 5p each in the capital of Sabien (“Sabien Ordinary Shares”) on market at current market prices at the relevant trade date. It is intended that General Capital will commence these purchases from Monday 19th November.
These purchases are being made by General Capital to restore its holding in Sabien to the level it held prior to the sales by the Company of 250,000 Sabien Ordinary Shares between January and April 2007 referred to in the announcement made by General Capital on 1 August 2007. Those sales were made at a time when a lock-in agreement signed on 15 December 2006 relating to such shares was in force.
Upon these purchases having been made, General Capital will have an interest in 3,500,000 Sabien Ordinary Shares representing 13.2% of Sabien's issued share capital. A further announcement will be made by General Capital upon completion of the purchases.
For Further Information:
| General Capital Group Plc |
|
| Mark Edworthy, Managing Director | Tel: +44 (0) 1603 610 610 |
| mark.edworthy@generalcapital.co.uk | www.generalcapital.co.uk |
| Collins Stewart Europe Ltd | |
| Chris Wells / Mark Connelly / Adam Cowen | Tel: +44 (0) 20 7523 8000 |
| mconnelly@collins-stewart.com acowen@collins-stewart.com |
www.collins-stewart.com |
Media Enquiries:
| Abchurch Communications | |
| Heather Salmond / Franziska Boehnke | Tel: +44 (0) 20 7398 7700 |
| franziska.boehnke@abchurch-group.com | www.abchurch-group.com |
For Enquiries Relating to Sabien: |
|
| Sabien Technology Group Plc | |
| Gus Orchard | 020 7993 3694 |
| Brewin Dolphin Investment Banking | |
| Neil Baldwin | 0845 270 8610 |