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11 May 2009 14:40
The following replaces, in its entirety, the FRM Credit Alpha Limited Interim Management Statement released at 16.01pm on 7 May 2009, RNS No 8860R. The full amended text appears below.
FRM Credit Alpha Limited
Interim Management Statement
For the period from 1 January 2009 to 8 May 2009
8 May 2009
This interim management statement covers the period from 1 January 2009 to 8 May 2009. It has been produced for the sole purpose of providing information to the Company's Shareholders in accordance with the requirements of Directive 2004/109/EC (the Transparency Directive). It should not be relied upon for any other purpose.
Material Events and Transactions during the Period
There have been no material events or transactions since 1 January 2009. There has been no material change in the business of the Company's operations. The Company's investment objectives, as set out in the prospectus dated 5 November 2007, and the nature of investments which were acquired by the Company in order to achieve the investment objectives have not changed materially.
On 29 April 2009, the Company published a circular relating to a tender offer for up to 20 per cent. of its Shares in issue at the 30 June 2009 Net Asset Value per Share. The tender is expected to be paid by 30 September 2009. Following the completion of the tender offer, the Directors propose to replace the existing tender offer provisions with an annual redemption facility, to be offered at the absolute discretion of the Directors.
The Company has no controlled undertakings.
Financial Position and Performance
The table below sets out the most recent net asset value per share information.
|
Share Class |
NAV per Share |
Valuation Date |
|
Sterling |
88.9 pence |
31 March 2009 |
This announcement has been issued through the Companies Announcement Service of the Irish Stock Exchange.
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