15 Nov 2007 15:37
FRM Credit Alpha Limited15 November 2007 FRM Credit Alpha Limited Interim Management Statement For the period from 30 June 2007 to 15 November 2007 15 November 2007 This interim management statement covers the period from 30 June 2007 to 15November 2007. It has been produced for the sole purpose of providinginformation to the Company's Shareholders in accordance with the requirements ofDirective 2004/109/EC (the Transparency Directive). It should not be relied uponfor any other purpose. Material Events and Transactions during the Period There have been no material events or transactions since 30 June 2007. There hasbeen no material change in the business of the Company's operations. TheCompany's investment objectives, as set out in the prospectus dated 27 March2007, and the nature of investments which were acquired by the Company in orderto achieve the investment objectives have not changed materially. On 22 October 2007, the Directors of the Company announced their intention toraise additional share capital through a secondary offering of Shares in theCompany. A prospectus for this placing was published on 5 November 2007, and thenew Shares are expected to be issued on 27 November 2007. The Company has no controlled undertakings. Financial Position and Performance The table at Appendix A sets out the most recent NAV per Share information foreach class of Shares of the Company. APPENDIX A Share Class NAV per Share Valuation Date Sterling 107.0 pence 28 September 2007 This announcement has been issued through the Companies Announcement Service of The Irish Stock Exchange. This information is provided by RNS The company news service from the London Stock Exchange