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UK - Nova makes recommended cash offer for Springboard Plc

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Nova Capital Group has announced a recommended cash offer for Springboard Plc, an AIM listed private equity investment company that was formed and floated in 1998. The offer of 144 pence in cash values the existing share capital of Springboard at approximately ТЃ11.9m. The offer represents a premium of 27.4% to the closing price of 113 pence per Springboard share on 6 March 2006.

At present Springboard has a portfolio consisting of 10 core investments across a number of different sectors. The majority of these investments comprise high growth businesses which have reached profitability.

Nova was launched in June 2002 as a specialist management company for private equity portfolios. As one of the few companies with capital and management resources focusing on private equity portfolios, it is well placed to support developing businesses with the resources they need to exploit their potential.

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