Re Agreement
CCH International plc
29 January 2007
Press Release 29 January 2007
CCH International plc
('CCH' or 'the Group')
CCH International enters into co-operation and convertible loan agreements with
Jasper Capital Limited (the 'Agreement')
CCH International plc (AIM:CCH), the trade finance group is pleased to announce
that it has entered into a co-operation and a convertible loan agreement with
Jasper Capital, the London based but Middle Eastern focused corporate finance
and consultancy group which includes Jasper Corporate Finance Limited, a company
registered in England and authorised by the FSA. Under the Agreement Jasper
Capital Limited will share with CCH, on a first refusal basis, opportunities for
CCH services created by Jasper Capital's established network of contacts in the
Middle East and CCH will recommend clients to Jasper Capital for advisory work.
CCH and Jasper Capital will work closely to build their businesses in a mutually
beneficial way by offering clients a broader range of services that will now
include CCH's core offering of Islamic and conventional trade and project
finance as well as Jasper Capital's corporate finance and consultancy services.
Jasper Capital provides a range of financial advisory and consultancy services
to corporations, financial institutions and governments in the UK and
internationally. With a 14 strong team in London, Dubai and Abu Dhabi and an
office being established in New Delhi, Jasper Capital is currently mandated on a
number of equity and debt raising transactions and consultancy projects in the
UK and the Middle East.
CCH will have a guiding role in the running of Jasper Capital and Eren Nil has
been appointed to the board of Jasper Capital. Furthermore, Jason Peers, the
CEO of Jasper Capital, will join the CCH board with immediate effect. Jason
founded Jasper Capital Ltd and has subsequently advised clients ranging from the
UK Government, the Securities and Investments Institute, several Gulf based
financial institutions and many leading UK and Gulf based companies. He is the
Chairman of the Middle East Association in the Gulf and sits on the Middle East
Committee of the International Financial Services for London. He is also a
member of the Saudi British Joint Business Council.
Under the terms of the Agreement, CCH has agreed to loan Jasper up to £543,000
convertible loan notes, which at the option of CCH, are convertible into equity
on the basis of an agreed formula. The loan will be separated into two equal
tranches of £271,500 each subject to certain conditions.
Commenting on the Agreement Eren Nil, Managing Director of CCH, stated 'We are
very pleased to have signed this deal with Jasper Capital whose client base
includes some of the biggest names in the Middle East together with companies
seeking to raise finance Islamically and conventionally. Jasper also has long
established relationships with virtually all Gulf based financial institutions
and as CCH continues its rapid expansion, Jasper's network should bring new
client opportunities, thereby complementing CCH's growth strategy. We welcome
the Jasper team.'
Commenting on the agreement, Jason Peers , Chief Executive of Jasper, said 'we
are very excited by this further expansion of our already active relationship
with CCH. There is a significant demand for structured solutions and quality
advice from large and small companies alike and particularly where a cross
border transaction is involved. The combination of our product ranges and
international networks means that we can present more comprehensive solutions to
our growing client base in the UK and Middle East, and extend our activities to
new clients and markets'.
Jason Peers, aged 44, has been a Director of the following companies and
organisations during the past five years:
Current Directorships Directorships held in the past five
Jasper Capital Limited years
Jasper Consult Financial Services Limited Just Mot's Limited
Jasper Private Equity Limited
Jasper Consult Limited
Jasper Corporate Finance Limited
Jasper Invest Limited
Emirates Capital Limited
The New School of English
Carter Properties Limited
Camguide Publications Limited
PSI energy holdings Limited (Bahrain)
There is no other information that requires disclosure under Schedule 2
paragraph (g) of the AIM Rules.
- Ends -
For further information, please contact:
CCH International Plc www.cch-international.com
Eren Nil, Managing Director Tel: +44 (0) 20 8334 0871
Richard Fossett, Director and COO
eren@cch-international.com
r.fossett@cch-international.com
Abchurch Communications www.abchurch-group.com
Heather Salmond / Charlie Jack Tel: +44 (0) 20 7398 7700
charlie.jack@abchurch-group.com
Notes to editors -
CCH International offers a range of finance products to institutions and
corporations wishing to raise finance or to sell on trade receivables either
through conventional means or through its own internet based brokerage facility
www.cch-etrade.com. The Company is listed on the Alternative Investment Market
(AIM) of the London Stock Exchange. CCH International is also a specialist in
Islamic Finance and has the ability to arrange for Morabaha, Ijara, Istisna and
other compliant facilities.
CCH International has offices in England, Germany and Bahrain, as well as
strategic partnerships / affiliates / relationships in Australia, UAE, Turkey,
and the USA. Further information on the Company is available at
www.cch-international.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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