BlueCrest BlueTrend Limited Further announcement re Tender Offer (4887H)

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RNS Number : 4887H

BlueCrest BlueTrend Limited

19 May 2014

BlueCrest BlueTrend Limited

19 May 2014

Further announcement re Tender Offer

Further to the announcement made by BlueCrest BlueTrend Limited on 28 April 2014 setting out proposals for a tender offer for up to 25 per cent of each class of Share then in issue (excluding Shares in treasury) at a 2 per cent discount to NAV, less costs, (the "Tender Offer") the Board notes the recent shareholder notifications in the Sterling class and US$ class and the ongoing level of discount to NAV for both the Sterling Shares and the US$ Shares.

Accordingly the Board has determined that it is appropriate to increase the number of Shares in each class available under the Tender Offer to enable shareholders to tender up to 100 per cent of their holding, at a 2 per cent discount to net asset value, less costs, subject to receipt of the necessary shareholder approval.

It is still expected that details of the Tender Offer will be sent to shareholders by the end of May 2014, with payment of tender proceeds in July 2014.

Enquiries:

 
 Robin Bowie/Katie Standley   Dexion Capital plc 
                               +44 (0)20 7832 0900 
 Kellie Blondel/Carol Kilby   Dexion Capital (Guernsey) Limited 
                               +44 (0)1481 743940

This information is provided by RNS

The company news service from the London Stock Exchange

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