9 Apr 2009 11:33
Conversion of Securities
Bramdean Alternatives Limited
Conversion Notice
9 April 2009
The Company's Articles of Association contain provisions enabling Shareholders of any one class of shares to switch all or part of their
Holding into any other class of Shares in issue as at the NAV calculation date referable to the months of April and October in each year (each a "Conversion Calculation Date").
Such conversion will be on the basis of the ratio of the NAV of the class of Shares to be converted from (less the costs of effecting such conversion), to the NAV of the class of Shares to be converted to (each as at the relevant NAV calculation date) and otherwise as set out in the Articles.
Shareholders may convert Shares of any class into Shares of any other class by giving not less than 5 business days notice to the Company in advance of the relevant Conversion Calculation Date.
In the case of shares held in uncertificated form, the relevant USE instruction(s) must be submitted to Capita Registrars not less than 5 business days before the relevant Conversion Calculation Date using the CREST information provided below:
CREST PARTICIPANT ID - RA10
MEMBER ACCOUNT CODE:
STERLING TO US DOLLAR: GBP2USD
US DOLLAR TO STERLING: USD2GBP
In the case of shares held in certificated form, a Conversion Notice must be requested from the Company's Registrars at the following address.
COMPANY'S REGISTRAR
Capita Registrars (Corporate Actions)
PO Box 166
34 Beckenham Road
Beckenham
Kent
BR3 4TU
UK
For the Attention of: Corporate Actions
TELEPHONE
From the UK): 0871 664 0300 (calls cost 10 pence per minute plus network extras)
From outside the UK): +44 208 639 3399
To be valid the conversion notice and, where relevant, the appropriate Share certificate must be received at the above address at least 5 business days before the relevant Conversion Calculation Date. In addition, in the case of Shares held in uncertificated form, the relevant instruction must also be submitted at least 5 business days before the relevant Conversion Calculation Date.
Shareholders should note, however, that fractions of Shares arising on
Conversions will be rounded down and that the costs of conversion may be disproportionate to the value of the Shares converted. Hence the aggregate Net Asset Value of those Shares held after conversion may be less than before such conversion. Shareholders should also note that if they elect to convert Shares they will be unable to deal in those Shares in the period between giving notice of conversion and the actual date of conversion which may be 30 calendar days or longer. Such notice once given shall be irrevocable without the consent of the Directors.
This notice is for information only. Any Shareholder who is in any doubt whether or not to convert is recommended to contact an independent financial adviser.
EXPECTED TIMETABLE
Latest date for receipt of conversion notice and submission of relevant instruction or Share certificate (as appropriate) 23 April 2009
Conversion Calculation Date 30 April 2009
Announcement of actual conversion ratios 26 May 2009
Conversion Date 27 May 2009
Enquiries:
Company Secretary & Administrator
RBC Offshore Fund Managers Limited
Canada Court
Upland Road
St. Peter Port
Guernsey
GY1 3QE
Channel Islands
Tel: +44 (0) 1481 744 000
Contact: Robin Amer
End.