TRMA Thames Riv. £

TIDMTRMA TIDMTTM TIDMTTM

RNS Number : 3953D

Thames River Multi Hedge PCC Ltd

26 April 2013

THAMES RIVER MULTI HEDGE PCC LIMITED

(the "Company")

(a closed-ended, umbrella investment, protected cell company incorporated with limited liability under the laws of Guernsey with registered number 41511)

SECOND Redemption of Shares

Further to the Company's announcement on 25 March 2013 and the powers granted to the Board at the Company's extraordinary general meeting on 11 September 2012, the Company today announces that GBP16.6 million, representing 54.17 per cent. of the Company's estimated net asset value (NAV) as at 19 April 2013, will be redeemed at close of business on 30 April 2013 (the "Redemption Date") by way of a compulsory partial redemption of Sterling Shares (the "Second Redemption").

Sterling Shares will be redeemed as at the Redemption Date, by reference to the Net Asset Value per Sterling Share as at 19 April 2013 less any costs associated with the Second Redemption (the "Redemption Price").

The Second Redemption will be effected pro rata to the holdings of Sterling Shares on the register at the close of business on the Redemption Date (which is the record date for the purposes of the Second Redemption), being 30 April 2013.

The payment, which will be made to Shareholders on or around 3 May 2013, will represent GBP1.3666 per Sterling Share to be redeemed.

Fractions of Shares will not be redeemed and so the number of Sterling Shares to be redeemed for each Shareholder will be rounded down to the nearest whole number of Shares.

All of the Shares redeemed on the Redemption Date will be cancelled.

The Sterling Shares will all be disabled in CREST after close of business on the Redemption Date and the existing ISIN number GG00B7TC2G59 (the "Old ISIN") will expire.

The new ISIN number GB00B9CLJZ18 (the "New ISIN") in respect of the remaining Shares which have not been redeemed will be enabled and available for transactions from and including 1 May 2013. 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 into the New ISIN.

Expected timetable

 
 Record Date, Redemption Date,      30 April 2013 (close of business) 
  expiry of old ISIN number. 
 New ISIN enabled, Crest Accounts   1 May 2013 
  credited. 
                                   ---------------------------------- 
 Redemption monies paid (on or      3 May 2013 
  around) 
                                   ---------------------------------- 
 

Queries to:

Tracy Fennell at Thames River Capital LLP: + 44 20 7011 4455

Stephen Rouxel at State Street (Guernsey) Limited: + 44 1481 704544

Dion Di Miceli at Cenkos Securities Plc : + 44 207 397 1921

The Company is an authorised closed-ended investment scheme domiciled in Guernsey. As an existing closed-ended fund the Company is deemed to be granted an authorisation declaration in accordance with section 8 of the Protection of Investors (Bailiwick of Guernsey) Law 1987, as amended and rule 6.02 of the Authorised Closed-ended Investment Schemes Rules 2008 on the same date as the Company obtained consent under the Control of Borrowing (Bailiwick of Guernsey) Ordinance 1959 to 1989.

This information is provided by RNS

The company news service from the London Stock Exchange

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