CFCP Capital for Colleagues plc

 
TIDMCFCP 
 
Capital for Colleagues plc / EPIC: CFCP / Market: AQSE / Sector: Financials 
 
3 July 2023 
 
CAPITAL FOR COLLEAGUES PLC 
 
('Capital for Colleagues', 'C4C' or the 'Company') 
 
PORTFOLIO UPDATE - SOUTH CERNEY OUTDOOR LIMITED 
 
Capital for Colleagues, the investment vehicle focused on opportunities in the 
Employee Owned Business ('EOB') sector, is pleased to announce an update in 
respect of its investee company, South Cerney Outdoor Limited ('SCO'). 
 
Based near Cirencester in Gloucestershire, SCO creates outdoor experiences that 
inspire personal challenge, fun, growth and adventure for the whole community, 
regardless of age or ability. Activities are available on an individual or 
group basis and include water sports and land-based activities at SCO's 53-acre 
leasehold site, most of which is covered by a lake. 
 
Capital for Colleagues has agreed to convert £250,000 of its £412,000 of 
outstanding loans to SCO into 250,000 A ordinary shares in SCO. The A ordinary 
shares, which give C4C preferential rights in respect of dividends and the 
return of capital, will be bought back (subject to certain conditions being 
met) by SCO in 5 annual tranches of £50,000 each. 
 
The Company is also transferring ordinary shares representing 4% of SCO's 
issued share capital to the SCO Employee Share Ownership Trust and granting the 
Trust a call option over additional ordinary shares representing a further 4% 
of SCO's issued share capital, which can be exercised subject to the 
satisfaction of certain conditions. 
 
Following these transactions, and prior to the exercise of any call options, 
C4C is interested in 31% of SCO's issued ordinary share capital. 
 
**ENDS** 
 
For further information, please visit www.capitalforcolleagues.com or contact: 
 
 
CAPITAL FOR COLLEAGUES PLC                                      01985 201 980 
Richard Bailey, Chairman 
Alistair Currie, Chief Executive 
John Lewis, Finance Director 
 
PETERHOUSE CAPITAL LIMITED                                      020 7469 0930 
Mark Anwyl 
 
The Directors of the Company are responsible for the contents of this 
announcement. 
 
Capital for Colleagues 
 
Capital for Colleagues is an investment company focused on the UK EOB sector. 
The Company has a proven management team, with a wide network of contacts and 
affiliates, as well as established access to investment opportunities, enabling 
the Company to execute its strategy and capitalise on EOB-focused investment 
opportunities. In addition, the Company educates and assists companies that are 
looking to launch employee ownership schemes, advising them, amongst other 
things, on how to secure investment and achieve their objectives. 
 
Market Abuse Regulation (MAR) Disclosure 
 
This announcement contains inside information for the purposes of Article 7 of 
the Market Abuse Regulation EU 596/2014 as it forms part of retained EU law (as 
defined in the European Union (Withdrawal) Act 2018). 
 
 
 
END 
 
 

(END) Dow Jones Newswires

July 03, 2023 02:01 ET (06:01 GMT)

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