Acquisition of FRM (7482D)
May 21 2012 - 6:26AM
UK Regulatory
TIDMFCAP
RNS Number : 7482D
FRM Credit Alpha Limited
21 May 2012
FRM Credit Alpha Limited
(the "Company")
Acquisition of FRM
The Directors note the announcement released by Man Group plc
("Man") this morning
(http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11209799)
in which it was announced that Man has agreed to acquire the entire
issued share capital of FRM Holdings Limited. FRM Holdings Limited
is the parent company of FRM Investment Management Limited and
Financial Risk Management Limited, the investment manager and
adviser to the Company respectively. This prospective acquisition,
which is expected to complete before the end of Q3 2012, is subject
to the satisfaction or waiver of customary conditions to closing
including receipt of regulatory approvals. The acquisition involves
a scheme of arrangement under Jersey law and will be subject to
approval by the shareholders of FRM Holdings Limited in general
meeting and by the Jersey Court. It does not affect the management
or operation of the Company nor the terms of the Company's
investment management agreement.
Enquiries:
Chris Brierley 020 7968 6136
(Financial Risk Management Limited)
Jane Lewis 020 3100 0295
(Winterflood Investment Trusts)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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