Independent corporate finance and investment advisory firm, specialising in smaller quoted and larger unquoted companies
05 January 2010
A number of unexpected administrative and legal issues have arisen as part of the process of unwinding the administration arrangements relating to the business of Arc Capital and Income plc. As a result it has not yet proved possible to recommence either income payments or any other payments, such as maturities or early redemption requests.
Both Carter Backer Winter LLP, the administrators of Arc Capital and Income plc, and the Financial Services Authority are doing everything in their power to facilitate the process and we hope that the issues can be resolved in the near future so that funds can be transferred to Merchant Capital Limited, the new plan managers of the Arc Capital and Income plc plans, so that payments can be recommenced in the near future.
Please understand that your investment monies are safe and are held quite separately from those of Arc Capital and Income plc in administration.
Merchant Capital Limited
Aldermary House
10-15 Queen Street
London EC4N 1TX
United Kingdom
Tel: +44 (0)20 7332 2200