Alternative Asset Opps PCC Ltd Result of Placing and Open Offer (6609P)

TIDMTLI

RNS Number : 6609P

Alternative Asset Opps PCC Ltd

26 October 2012

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE UNITED STATES, OR INTO OR FROM AUSTRALIA, CANADA, JAPAN, NEW ZEALAND OR SOUTH AFRICA.

Alternative Asset Opportunities PCC Limited

Result of Placing and Open Offer

Introduction

On 5 October 2012, Alternative Asset Opportunities PCC Limited (the "Company"), in respect of its cell, the US Traded Life Interests Fund (the "Fund"), published a prospectus in connection with a proposed placing and open offer (the "Issue") to raise up to GBP10.2m (before expenses) through the issue of up to 32,000,000 Issue Shares at an Issue Price of 32 pence per share.

Result of the Issue

The Board of the Company is pleased to announce that valid applications for the Open Offer have been received in respect of 28,631,937 Issue Shares from Qualifying Open Offer Shareholders representing a total of 89.5 per cent. of the Issue Shares available under the Open Offer. In accordance with the terms of the Placing, a further 3,368,063 Issue Shares (representing the remaining 10.5 per cent. of the Issue Shares available under the Open Offer) have therefore been placed with the Conditional Placees pursuant to their placing commitments and accordingly the Company will issue in aggregate 32,000,000 Issue Shares, raising gross proceeds of approximately GBP10.2m.

The Issue remains conditional, inter alia, on the passing of certain resolutions to be proposed at the Extraordinary General Meeting convened for 11.00 a.m. on 1 November 2012 and Admission of the Issue Shares to the Official List and to trading on the London Stock Exchange's main market for listed securities.

Admission and dealings

Applications will shortly be made to the UK Listing Authority for 32,000,000 Issue Shares to be admitted to the Official List and to the London Stock Exchange for 32,000,000 Issue Shares to be admitted to trading on its main market for listed securities. It is expected that Admission will occur, and that dealings will commence, on 5 November 2012. It is anticipated that CREST accounts will be credited (where applicable) on the same day and new share certificates will be issued as soon as practicable following admission.

Following Admission, the Company's share capital will comprise 72,000,000 Participating Shares.

Terms used and not defined in this announcement bear the meaning given to them in the prospectus dated 5 October 2012.

Enquiries

   Peter Ingram                                                                     020 7065 1467

Company Secretary

Westhouse Securities Limited

   Alastair Moreton/Darren Vickers                             020 7601 6118

IMPORTANT INFORMATION

The distribution of this announcement in certain jurisdictions may be restricted by law and persons into whose possession this announcement comes should inform themselves about and observe any relevant restrictions in the jurisdictions in which they reside or conduct business. In particular, this announcement is not for publication or distribution, directly or indirectly, in whole or in part, to US persons or into or within the United States, Australia, Canada, Japan, New Zealand, South Africa or any other jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction. Any failure to comply with relevant restrictions may constitute a violation of securities laws.

The Company and the Fund have not been and will not be registered under the US Investment Company Act of 1940 (the "Investment Company Act") and, as such, investors will not be entitled to the benefits of the Investment Company Act. No offer, sale, resale, pledge, delivery, distribution or transfer of the securities of the Company or the Fund may be made except under circumstances that will not result in the Company and/or the Fund being required to register as an investment company under the Investment Company Act. The securities of the Company and the Fund have not been and will not be registered under the US Securities Act of 1933 (the "Securities Act"), or with any securities regulatory authority of any state or other jurisdiction of the United States. The securities of the Company and the Fund may not be offered, sold, resold, pledged, delivered, distributed or otherwise transferred, directly or indirectly, into or within the United States, or to, or for the account or benefit of, US persons (as defined in Regulation S under the Securities Act) ("US Persons"). No public offering of the securities of the Company or the Fund is being made in the United States.

By accepting and reading this announcement, you will be deemed to have represented, warranted and undertaken for the benefit of the Company, RCM (UK) Limited, SL Investment Management Limited and Westhouse Securities Limited and their respective affiliates that (a) you are outside the United States, are not a US Person, (b) you have read and agree to comply with the contents of this notice, and (c) you are permitted, in accordance with all applicable laws, to receive such information.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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