Director resignation


 

TIDMBRAL 
 
RNS Number : 0048S 
Bramdean Alternatives Limited 
11 May 2009 
 

11 May 2009 
Bramdean Alternatives Limited (the "Company") 
Director resignation 
 
In light of recent media interest which has focused on the dispute between the 
Company's manager, Bramdean Asset Management LLP (the "Manager"), and Elsina 
Limited, the Company's largest shareholder, the Board has concluded that given 
the position of Peter Barton as Chairman of the Manager it is in the best 
interests of the Company for the Board to remain fully independent of the 
Manager. 
 
 
As such Peter Barton has offered his resignation as a non executive director of 
the Company which the Board has accepted with immediate effect. 
 
 
The Board wishes to thank Peter Barton for his contribution to the Company. 
 
 
Enquiries:- 
 
 
Bell Pottinger Corporate & Financial 
 
 
David Rydell / Olly Scott 020 7861 3232 
 
 
Cenkos Securities plc - Financial Adviser 
 
 
Will Rogers / Dion Di Miceli 020 7397 1920 / 020 7397 1921 
 
 
This announcement will be published on the Company's website 
www.bramdeanalternatives.com and will be sent to shareholders. 
 
 
Dealing Disclosure Requirements:- 
 
Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the 
"Code"), if any person is, or becomes, "interested" (directly or indirectly) in 
one per cent. or more of any class of "relevant securities" of the Company, all 
"dealings" in any "relevant securities" of that company (including by means of 
an option in respect of, or a derivative referenced to, any such relevant 
securities) must be publicly disclosed by no later than 3.30pm (London time) on 
the London business day following the date of the relevant transaction. 
 
 
This requirement will continue until the date on which any offer becomes, or is 
declared, unconditional as to acceptances, lapses or is otherwise withdrawn or 
on which the "offer period" otherwise ends. If two or more persons act together 
pursuant to an agreement or understanding, whether formal or informal, to 
acquire an "interest" in "relevant securities" of the Company, they will be 
deemed to be a single person for the purpose of Rule 8.3. 
 
 
Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant 
securities" of the Company by the Company or by the potential offeror, or by any 
of their respective "associates", must be disclosed by no later than 12.00 noon 
(London time) on the London business day following the date of the relevant 
transaction. 
 
 
A disclosure table, giving details of the companies in whose "relevant 
securities" "dealings" should be disclosed, and the number of such securities in 
issue, can be found on the UK Panel on Takeovers and Mergers' (the "Panel") 
website at www.thetakeoverpanel.org.uk. 
 
 
"Interests in securities" arise, in summary, when a person has long economic 
exposure, whether conditional or absolute, to changes in the price of 
securities. In particular, a person will be treated as having an "interest" by 
virtue of the ownership or control of securities, or by virtue of any option in 
respect of, or derivative referenced to, securities. 
 
 
Terms in quotation marks are defined in the Code, which can also be found on the 
Panel's website. If you are in any doubt as to whether or not you are required 
to disclose a "dealing" under Rule 8, you should consult the Panel. 
 
 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 BOAABMRTMMMBMLL

Bramdean � (LSE:BRAL)
過去株価チャート
から 11 2024 まで 12 2024