23 Nov 2009 12:54
Bramdean Alternatives Limited (the "Company")
23rd November 2009
Class Conversions: Final Ratios
In respect of the 30 October 2009 Conversion Calculation Date and on the basis of the Net Asset Values of the Company's Ordinary Shares as at 30 October 2009 and using (spot currency exchange rate of 1.64834 at 30 October 2009), the Conversion Ratios, calculated in accordance with the Company's articles of incorporation are as follows:
1.7211 US$ Shares for every one GBP Share
0.5810 GBP Shares for every one US$ Share
The following foreign exchange rate as at 30 October 2009 was used:
USD/GBP 1.64834
The Company has received Conversion Notices in respect of the October 2009 conversion calculation date from holders owning 76,500 GBP Shares. These holders have elected to switch into US$ shares. In addition, holders owning 321,790 US$ Shares have elected to switch into GBP Shares.
On the basis of the aggregate level of Conversion Notices received by the Company as previously announced, application has been made to the UK Listing Authority for 110,463 new GBP Shares of no par value to be admitted to the Official List. Application has also been made for such Shares to be admitted to trading on the London Stock Exchange. It is expected that such admissions will be effective and that dealings in the new Shares will commence on 26 November 2009.
Accordingly, the Company's issued share capital with effect from 26 November 2009 will be as follows:
GBP Shares 90,825,782
US$ Shares 78,383,754
Total Voting Rights in the Company 261,797,338
The expected timetable to Conversion is as follows:
| Conversion Date
Ordinary Shareholder CREST or Euroclear accounts credited with new Shares (of the relevant class) | 26 November 2009
By 8.00am 26 November 2009
|
Enquiries:
| Robin Amer RBC Offshore Fund Managers Limited | Tel: +44 (0)1481 744 000
|