Redemption Announcement (1805P)
September 29 2011 - 5:07AM
UK Regulatory
TIDMDIVA
RNS Number : 1805P
FRM Diversified Alpha Limited
29 September 2011
FRM DIVERSIFIED ALPHA LIMITED
(the "Company")
REDEMPTION ANNOUNCEMENT
29 September 2011
Further to the announcement made by the Company on 1 September,
2011 in which the Company announced that it had resolved to pay out
GBP3.25 million to Shareholders via a further compulsory redemption
of Shares (the "4th Distribution"), the Company now announces
further details of the 4th Distribution.
All of the Company's Shareholders as at the Record Date of 8
September, 2011 have completed and returned the Redemption Forms
required to participate in the 4th Distribution.
The Redemption Date for the purposes of the 4th Distribution
shall be 30 September, 2011.
The Net Asset Value Date for the calculation of the applicable
number of shares to be redeemed was 31 August, 2011. The Net Asset
Value of the Company as at 31 August, 2011 was GBP6,662,573.66. The
Net Asset Value per Share as at 31 August, 2011 was 89 pence.
A total of 3,651,657 Shares will be redeemed, which represents
48.78% per cent. of the Company's issued share capital based on the
Company's Net Asset Value as at 31 August, 2011. Redemption
proceeds will be paid in Sterling through CREST or sent by cheque
(at the recipient's risk) no later than 29 October, 2011.
Following the redemption of Shares, Share certificates are
expected to be despatched and transfer from escrow (TFE)
instructions are expected to be issued no later than the close of
business on 29 October, 2011 for the excess Shares which were
placed into escrow by redeeming Shareholders in connection with the
4th Distribution.
Unless otherwise defined, terms used in this announcement have
the same or equivalent meaning as in the Circular relating to FRM
Diversified Alpha Limited dated 2 June, 2009.
The Board of Directors reserves the right at its discretion to
extend or bring forward any of the dates referred to in this
announcement. Any revised date will be notified to Shareholders by
a further announcement through a Regulatory Information Service
provider.
Enquiries:
Financial Risk Management Limited
Chris Brierley 020 7968 6136
J.P. Morgan Cazenove
William Simmonds 020 7588 2828
This information is provided by RNS
The company news service from the London Stock Exchange
END
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