01 August 2007
LONDON (Thomson Financial) - General Capital Group PLC said it is investigating a possible breach of commercial lock-in arrangements with regard to share trades in Sabien Technology Group PLC and Helius Energy PLC.
General Capital Venture Finance Ltd, a wholly owned unit of the group, had made an announcement concerning sales of shares in Sabien on July 19, 25. It also traded in Helius shares on July 25.
General Capital confirmed these trades and said discussions are ongoing to determine remedial actions.
The asset and venture finance specialist said current year trading at operating level is strong and that it sees first-half results in line with market view.
The company said its executive deputy chairman Jonathan Hill, has agreed to step down as a non-executive director of both Sabien and Helius with immediate effect.
