APEF.L Regulatory News (APEF)

7 Oct 2009 07:00



Conversion of Securities

Bramdean Alternatives Limited

Conversion Notice 

7 October 2009

The Company's Articles of Incorporation 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, lines are open 8.30am-5.30pm Monday-Friday)

From outside the UK: +44 20 8639 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 October 2009

Conversion Calculation Date 30 October 2009

Announcement of actual conversion ratios 25 November 2009

Conversion Date 25 November 2009 

Tel: +44 (0) 1481 744 000

Contact: Robin Amer

End.