Conversion of Securities 8th October 2008

    RNS Number : 2580F
  Bramdean Alternatives Limited
  07 October 2008
   

    Conversion of Securities
    Bramdean Alternatives Limited


    Conversion Notice 

    8 October 2008

    The Company's Articles of Association contain provisions enabling Shareholders of any one class of shares to switch all or part of their

    Holding into any other class of Shares in issue as at the NAV calculation date referable to the months of April and October in each year
(each a "Conversion Calculation Date"). 

    Such conversion will be on the basis of the ratio of the NAV of the class of Shares to be converted from (less the costs of effecting
such conversion), to the NAV of the class of Shares to be converted to (each as at the relevant NAV calculation date) and otherwise as set
out in the Articles. 

    Shareholders may convert Shares of any class into Shares of any other class by giving not less than 5 business days notice to the
Company in advance of the relevant Conversion Calculation Date.

    In the case of shares held in uncertificated form, the relevant USE instruction(s) must be submitted to Capita Registrars not less than
5 business days before the relevant Conversion Calculation Date using the CREST information provided below:

    CREST PARTICIPANT ID - RA10

    MEMBER ACCOUNT CODE:

    STERLING TO US DOLLAR: GBP2USD

    US DOLLAR TO STERLING: USD2GBP

    In the case of shares held in certificated form, a Conversion Notice must be requested from the Company's Registrars at the following
address. 


    COMPANY'S REGISTRAR

    Capita Registrars (Corporate Actions)
PO Box 166
34 Beckenham Road
    Beckenham
Kent
    BR3 4TU
UK

    
For the Attention of: Corporate Actions


    TELEPHONE 

    From the UK): 0871 664 0300 (calls cost 10 pence per minute plus network extras)

    From outside the UK):  +44 208 639 3399


    To be valid the conversion notice and, where relevant, the appropriate Share certificate must be received at the above address at least
5 business days before the relevant Conversion Calculation Date. In addition, in the case of Shares held in uncertificated form, the
relevant instruction must also be submitted at least 5 business days before the relevant Conversion Calculation Date. 

    Shareholders should note, however, that fractions of Shares arising on 
    Conversions will be rounded down and that the costs of conversion may be disproportionate to the value of the Shares converted. Hence
the aggregate Net Asset Value of those Shares held after conversion may be less than before such conversion. Shareholders should also note
that if they elect to convert Shares they will be unable to deal in those Shares in the period between giving notice of conversion and the
actual date of conversion which may be 30 calendar days or longer. Such notice once given shall be irrevocable without the consent of the
Directors. 

    This notice is for information only. Any Shareholder who is in any doubt whether or not to convert is recommended to contact an
independent financial adviser. 


    EXPECTED TIMETABLE 

    Latest date for receipt of conversion notice and submission of relevant instruction or Share certificate (as appropriate)             24
October 2008

    Conversion Calculation Date                                   31 October 2008

    Announcement of actual conversion ratios                      24 November 2008

    Conversion Date                                               25 November 2008 



    Enquiries: 

    Company Secretary & Administrator
     
RBC Offshore Fund Managers Limited
Canada Court
Upland Road
St. Peter Port
Guernsey
    GY1 3QE
Channel Islands

    Tel: +44 (0) 1481 744 000

    Contact: Robin Amer
    End. 



This information is provided by RNS
The company news service from the London Stock Exchange
 
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