25 Jan 2008 10:09
Bear Stearns Private Equity Limited25 January 2008 Bear Stearns Private Equity Limited25 January 2008 Bear Stearns Private Equity Limited (the "Company") announces that it hasaccepted in full the following shares tendered to it at the applicable Net AssetValue per share as at 31 December 2007: 24,460,438 equity shares at a price of USD$1.70 per share. 274,822 zero dividend preference shares at a price of 49.54 pence per share. The date of the purchase will be 29 January 2008. Cheques will be despatched /CREST accounts will be credited on 29 January 2008 in respect of the sharestendered. The shares tendered will be held as treasury shares. As a result of this tenderoffer, the Company holds 24,460,438 equity shares and 274,822 zero dividendpreference shares in treasury. Immediately following the tender offer theCompany's issued share capital will consist of 260,837,918 shares of 0.01p(excluding treasury shares) each classified as equity shares, and 59,196,837shares of 0.01p (excluding treasury shares) each classified as zero dividendpreference shares. Therefore the total number of voting rights in the Company is 260,837,918 forthe equity share class and 59,196,837 for the zero dividend preference shareclass. These figures may be used by shareholders as the denominator for thecalculations by which they will determine if they are required to notify theirinterest in, or a change to their interest in, the Company under the FSA'sDisclosure and Transparency rules. This information is provided by RNS The company news service from the London Stock Exchange