BKW Brookwell A

 

TIDMBKW TIDMBKWB 
 
RNS Number : 5471N 
Brookwell Limited 
14 June 2010 
 

Brookwell Limited 
 
Notice of compulsory partial redemption of Participating Redeemable Preference 
Shares ("Shares") 
 
In accordance with the Company's Articles of Incorporation, Brookwell Limited 
(the "Company") has today sent a notice to shareholders that it will return 
GBP2.5m to holders of A Shares and GBP2.8m to holders of B Shares on 30 June 
2010 ("the redemption date") in pro rata redemptions of Shares.  The redemptions 
will be effected pro rata to holdings of A Shares and B Shares on the register 
at the close of business on the redemption date and the redemption price of the 
A Shares and B Shares will be determined by reference to the respective Net 
Asset Values per A Share and B Share respectively at the close of business on 
the day immediately preceding the redemption date less any costs attributable to 
the redemptions. 
 
The amount to be applied to the partial redemption of A Shares comprises the 
entirety of the cash balances received from disposals of investments attributed 
to the A Class Fund less funds used or required to settle liabilities 
attributable to the A Class Fund (including any purchases of A Shares in the 
market). The amount to be applied to the partial redemption of B Shares 
comprises the entirety of the cash balances received from disposals of 
investments attributed to the B Class Fund less funds used or required to settle 
liabilities attributable to the B Class Fund (including any purchases of B 
Shares in the market). 
 
A Shares 
The Company issued 25,524,743 A Shares on its flotation, of which 17,640,893 
have been redeemed and cancelled in the previous pro rata redemptions at an 
aggregate cost of GBP8,199,981. No A Shares have been purchased in the market. 
Therefore as at the date of this announcement, the Company has 7,883,850 Shares 
in issue. All of the A Shares redeemed will be cancelled. 
 
The A Shares will be disabled in CREST on the redemption date and the existing 
ISIN number GG00B4KVFQ15 will expire on the redemption date, with a new ISIN 
number GG00B522G992 available for transactions on the next business day. 
 
B Shares 
The Company issued 12,960,844 B Shares in a placing during the first quarter of 
2009 of which 7,098,152 have been redeemed and cancelled in the previous pro 
rata redemptions at an aggregate cost of GBP7,899,981. No B Shares have been 
purchased in the market. Therefore as at the date of this announcement, the 
Company has 5,862,692 B Shares in issue. All of the B Shares redeemed will be 
cancelled. 
 
The B Shares will be disabled in CREST on the redemption date and the existing 
ISIN number GG00B4KLYF33 will expire on the redemption date, with a new ISIN 
number GG00B51WC471 available for transactions on the next business day. 
 
 
Copies of the notice sent to shareholders are available from the Company's 
website www.brookwelllimited.com 
 
For further information please contact: 
 
Brookwell Limited 
Hannah Girard Tel: 01481 726 034 
 
Progressive AIM Realisation Limited (Investment manager) 
Robert Legget / Ross Courtier Tel: 020 7566 5550 
 
Deloitte Corporate Finance (Nominated adviser) 
Jonathan Hinton / James Lewis Tel: 020 7936 3000 
 
Marshall Securities Limited (Broker) 
John Webb Tel: 020 7490 3788 
 
14 June 2010 
 
Website: www.brookwelllimited.com 
 
END 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCFMGMVLDDGGZG 
 

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