Clarification re Regulatory Capital
23 Juli 2010 - 5:16PM
UK Regulatory
TIDMCLKH
23 July 2010
The Clarkson Hill Group
("Clarkson Hill" or the "Company")
Clarification on Regulatory Capital position
On 20 July 2010, the Company released an announcement stating that the
Directors' believed that sufficient funds had been provided to meet the
Company's regulatory capital requirements.
Whilst this remains the Directors' belief, the Company remains in discussions
with the FSA about a number of issues, including its regulatory capital
requirements. The Company would also like to clarify that the loans have not
yet been approved by the FSA.
A further update will be made to the market in due course.
Contact:
Ron Pritchard
The Clarkson Hill Group plc
Tel: 01945 585721
Antony Legge
Astaire Securities plc
Tel: 020 7492 4750
END
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