7 May 2009 17:14
THIS COMMUNICATION IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, JAPAN, SOUTH AFRICA OR AUSTRALIA.
FRM Credit Alpha Limited (the 'Company')
7 May 2009
Tender Offer and Introduction of Annual Redemption Facility
Further to the announcement made by the Company on 18 February 2009, a Circular has been posted to Shareholders convening an Extraordinary General Meeting to be held at Trafalgar Court, Admiral Park, St Peter Port, Guernsey, GY1 4 HG at 3.00 p.m. on 3 June 2009 at which resolutions will be put to enable the Company to conduct a Tender Offer for up to 20 per cent. of its shares at the 30 June 2009 Net Asset Value less costs (capped at 2 per cent.). Shareholders will also be asked to approve amendments to the Company's Articles of Incorporation which will introduce an annual discretionary Redemption Facility and provide for a continuation vote to be put to the Company's annual general meeting in 2011.
Copies of the Circular have been submitted to the UK Listing Authority and will shortly be available at the UK Listing Authority's Document Viewing Facility which is situated at:
Financial Services Authority
25, The North Colonnade
Canary Wharf
London
E14 5HS
Enquiries:
Greg Taylor/Luke Burdess, Financial Risk Management 020 7968 6000
Darren Willis, Winterflood Investment Trusts 020 3100 0258
Unless otherwise defined, terms used in this announcement have the same meaning as in the circular relating to FRM Credit Alpha Limited dated 29 April 2009.
This announcement is an advertisement and not a prospectus and is not an offer to sell or a solicitation of any offer to buy any securities in the United States or in any other jurisdiction.
The issuer has not been and will not be registered under the US Investment Company Act of 1940, as amended (the "Investment Company Act"). In addition, the shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"). Consequently, the shares may not be offered, sold or otherwise transferred within the United States or to, or for the account or benefit of, US persons except in accordance with the Securities Act or an exemption therefrom and under circumstances which will not require the issuer to register under the Investment Company Act. No offering of the shares will be made in the United States.
Neither this document nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction.
This communication is issued in the UK by Financial Risk Management Limited which is authorised and regulated by the Financial Services Authority and whose office is at 15 Adam Street, London WC2N 6AH.