TIC Tapestry Inv Pf

 
TIDMTIC 
 
TAPESTRY INVESTMENT COMPANY PCC LIMITED(the "Company") 
 
                                9 February 2010 
 
               Notice of compulsory partial redemption of Shares 
 
Notice  of compulsory partial redemption  of participating redeemable preference 
shares in the Multi-Strategy (GBP) cell of the Company ("Shares") 
 
Further  to the approval by the  Company's shareholders of the Managed Wind-Down 
of  the Company (as more particularly described in the circular that was sent to 
Shareholders  on 21 August  2009 (the "Circular"))  at the Extraordinary General 
Meeting  and Class Meeting held on  11 September 2009 and in accordance with the 
Company's  Articles of Incorporation,  the Company today  announces that it will 
return   GBP23,850,003 (equivalent to 46.78p per Share) to holders of Shares on 24 
February  2010 (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 the close  of business on the Redemption 
Date.  Based on the Net Asset Value per Share on 31 December 2009 (being the Net 
Asset  Value  Date),  and  having  deducted  the  anticipated  costs incurred in 
connection  with  the  Redemption,  46 per  cent.  of the Company's issued share 
capital  will be redeemed  on the Redemption  Date (that is  46 Shares for every 
100 held (the "Redemption Ratio")).  Fractions produced by the Redemption Ration 
will  not be redeemed and  such Shares shall continue.   The price at which each 
Share will be redeemed will be 101.6985p. 
 
The  amount to  be applied  to the  partial redemption  of Shares  comprises the 
monies  from the  realisation of  the Company's  investments received  up to and 
including 4 February 2010 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). 
 
Following  the Redemption, a total  of 66p per Share will  have been returned to 
Shareholders (calculated with reference to the Company's issued share capital of 
83,576,840 as at the date of approval of the Managed Wind-Down). 
 
Shares 
 
As at today's date, the Company has 50,981,904 Shares in issue of which none are 
held  in Treasury.  All  of the Shares  redeemed on the  Redemption Date will be 
cancelled. 
The  Shares will be  disabled in CREST  on the Redemption  Date and the existing 
ISIN  number  GB00B56ZXH13  (the"Old  ISIN")  will  expire.  The new ISIN number 
GB00B638M064  (the "New ISIN") in respect of the remaining Shares which have not 
been  redeemed will  be enabled  and available  for transactions  on 25 February 
2010.  Up  to and including the Redemption Date, Shares will be traded under the 
Old ISIN and as such, a purchaser of such Shares 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. 
 
All  capitalised terms  have the  meaning given  to them  in the Circular unless 
otherwise stated. 
 
Copies  of the redemption notice  which is being sent  to shareholders today are 
available from the Company's website. 
 
Contacts for queries: 
 
Tapestry Investment Company PCC Limited 
Mel Carvill (Chairman) 
01481 727111 
 
Kleinwort Benson (Channel Islands) Fund Services Limited 
Company secretary 
01481 727111 
 
Collins Stewart Europe Limited 
Andrew Zychowski 
Lucy Lewis 
020 7523 8000 
 
 
[HUG#1382189] 
 

Tapestry Investment (LSE:TIC)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024

Tapestry Investment (LSE:TIC)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024