Alternative Invest. Strategies Ld Compulsory Partial Redemption of Shares (1255Z)
03 Fevereiro 2014 - 9:00AM
UK Regulatory
TIDMAIS
RNS Number : 1255Z
Alternative Invest. Strategies Ld
03 February 2014
Alternative Investment Strategies Limited (the "Company")
(a closed-ended investment company incorporated with limited
liability under the laws of Guernsey with registered number
31617)
Notice of Compulsory Partial Redemption of Shares
3 February 2014
At the Extraordinary General Meeting held on Wednesday, 12 June
2013 the Company's shareholders approved the Managed Wind-down of
the Company. Details of this are more particularly described in the
circular to shareholders dated 15 May 2013 (the "Circular"). In
accordance with the Company's Articles of Incorporation, the
Company today announces that it will return GBP24,380,065.36
(equivalent to 97.0088p per Share) to holders of Shares on 13
February 2014 (the "Redemption Date") by way of a compulsory
partial redemption of Shares (the "Redemption"). The Redemption
will be effected pro rata to holdings of Shares on the register at
close of business on the Redemption Date.
Based on the Net Asset Value per Share of 142.66p on 31 December
2013 (being the Net Asset Value Date), 68 per cent. of the
Company's issued share capital will be redeemed on the Redemption
Date (that is 68 Shares for every 100 Shares held (the "Redemption
Ratio")). Fractions of Shares will not be redeemed. The Redemption
price will be 142.66p.
The amount to be applied to the partial redemption of Shares
comprises the monies received by the Company from the realisation
of the Company's investments by the end of January 2014 pursuant to
the Managed Wind-down, less any funds used or required to settle
any liabilities (including the estimated ongoing day to day running
costs of the Company together with any collateral required for the
Company's foreign exchange hedging facility).
Shares
As at today's date, the Company has 25,131,808 Shares in issue
and no Shares held in Treasury. All of the Shares redeemed on the
Redemption Date will be cancelled.
Settlement mechanics
The Shares will be disabled in CREST on the Redemption Date and
the existing ISIN GG00BFSS6247 (the "Old ISIN") will expire. The
new ISIN number GG00BJ7BNL07 in respect of the remaining Shares
which have not been redeemed will be enabled and available for
transactions on 14 February 2014.
Up to and including the Redemption Date, Shares will be traded
under the Old ISIN, and, as such, a purchaser of such Shares on
that date would have a market claim for a proportion of the
redemption proceeds. CREST will automatically transform any open
transactions as at the Redemption Date (which is the record date
for the purposes of the Redemption) into the New ISIN.
Payments in respect of redemption monies in Sterling are
expected to be effected either through CREST (in the case of Shares
held in uncertificated form) on 14 February 2014 or by cheque (in
the case of Shares held in certificated form) as soon as
practicable thereafter but within 14 business days of the
Redemption Date.
All capitalised terms shall have the meaning given to them in
the Circular unless otherwise defined.
Enquiries:
Sean Molony
International Asset Management Limited
Tel: +44 (0) 20 7734 8488
Robbie Robertson / Andrew Zychowski / Lucy Lewis
Canaccord Genuity Limited
Tel: +44 (0) 20 7523 8000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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