28 Jun 2010 12:28
Aberdeen Private Equity Fund Limited (the "Company")
25 June 2010
Class Conversions: Final Ratios
As approved at the class meeting of US Dollar shareholders and the Extraordinary General Meeting of the Company held on 3 June 2010, all of the Company's US Dollar shares will be converted into Sterling Shares with effect from the Conversion Date (as such term is defined in the circular issued by the Company on 10 May 2010) (the "Conversion"). The Conversion will be implemented on the basis of a conversion ratio (calculated in accordance with the Company's Articles of Incorporation) of 0.5810 Sterling Shares for every one US Dollar Share (the "Conversion Ratio").
The Conversion Ratio was calculated using the Net Asset Values of the Company's ordinary shares as at 28 May 2010. In addition, the following spot currency foreign exchange rate as at 28 May 2010 was used:
USD/GBP 1.4458
On the basis of the Conversion, an application has been made to the UK Listing Authority for 45,540,957 new Sterling Shares of no par value (the "Shares") to be admitted to the Official List. Application has also been made for such Shares to be admitted to trading on the main market of the London Stock Exchange. It is expected that such admissions will be effective and that dealings in the new Shares will commence on 2 July 2010.
Accordingly [and assuming that the admissions referred to above take place on 2 July 2010], the Company's issued share capital with effect from 2 July 2010 will be as follows:
Sterling Shares 136,366,736
The expected timetable to Conversion is as follows:
| Conversion Date
Ordinary Shareholder CREST or Euroclear accounts credited with new Shares (of the relevant class) | 2 July 2010
By 8.00am 2 July 2010
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Enquiries:
| Robin Amer RBC Offshore Fund Managers Limited | Tel: +44 (0)1481 744 000
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