Sign In
Last checked at 
1 Mar 2012 14:56
BlackRock Absolute Return Strategies Ltd (the "Company")
1 March 2012
Merger of share classes
As previously advised by the Board in the Company's announcement on 6 February 2012, the Company's Euro and US Dollar share classes are to be merged into the Sterling class. The merger will take place as at 5pm on Friday 9 March 2012, the Record Date.
The merger will take place via a conversion of all Euro and US Dollar shares into Sterling shares in accordance with the Company's standard Share Conversion mechanism. This means that the conversion will be effected on the basis of the ratio of the February Estimated Monthly Net Asset Value ("NAV") per Share of the class of Shares held (calculated in Euros and US Dollars) to the February Estimated Monthly NAV per Share of the Sterling share class. The February Estimated NAV will be announced on 9 March 2012. Shareholders should note that fractions of Shares arising on conversion will be rounded down.
An announcement setting out the conversion rates will be released on 9 March 2012.
The Company will arrange for the Euro and US Dollar share classes to be cancelled after the conversion has been completed.
Enquiries
BlackRock (Channel Islands) Limited,SecretaryWill Rogers - 020 7397 1920 Tommy O'Sullivan - 020 7397 1922Cenkos Securities plc
XLON
Follow the stocks
