Alternative Liquidity Solutions Ltd Compulsory Redemption of Shares (0140S)

TIDMALSL

RNS Number : 0140S

Alternative Liquidity Solutions Ltd

26 November 2012

ALTERNATIVE LIQUIDITY SOLUTIONS LIMITED

26 November 2012

Notice of compulsory redemption of shares

In line with its commitment to return cash to shareholders as soon as practicably possible, the Company has resolved to return GBP7.8 million, equivalent to 21.78p per existing share, by way of a compulsory partial redemption of shares (the "Redemption"). Payments of Redemption monies will be effected either through CREST (in the case of shares held in uncertificated form) or by cheque (in the case of shares held in certificated form) by 11 December 2012.

The Redemption will be effected pro rata to holdings of shares on the register at the close of business on 3 December 2012 (the "Redemption Date"). Based on the Company's current estimated NAV as at 30 September 2012 of GBP16.6 million, approximately 47 per cent. of the Company's issued share capital (that is 47 shares for every 100 held (the "Redemption Ratio")) will be redeemed on the Redemption Date. Fractions of shares produced by the Redemption Ratio will not be redeemed and so the number of shares to be redeemed for each shareholder will be rounded down to the nearest whole number of shares. The price at which each share will be redeemed will be 46.34 pence per share.

The Redemption amount comprises the monies from the realisation of the Company's investments received up to and including 25 November 2012 pursuant to the managed wind-down of the Company, less the costs and expenses of this Redemption and cash being retained for the Company's outstanding capital commitments and working capital requirements.

The Company currently has 35,812,882 shares in issue. All of the shares redeemed on the Redemption Date will be cancelled. It is expected that following the redemption there will be 18,980,841 shares in issue.

The shares will be disabled in CREST on the Redemption Date and the existing ISIN number GG00B7C4YN91 (the "Old ISIN") will expire. The new ISIN number (GG00B908QS67) in respect of the remaining shares which have not been redeemed will be enabled and available for transactions from and including 4 December 2012. Up to and including the Redemption Date, shares will be traded under the Old ISIN and as such, a purchaser of such shares may have a market claim for a proportion of the Redemption proceeds following the activation of the new ISIN. CREST will automatically transfer any open transactions as at the Redemption Date to the new ISIN.

Enquiries:

Ben Money-Coutts

Saltus Partners LLP

+44 20 7499 0200

This information is provided by RNS

The company news service from the London Stock Exchange

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