We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Blackrk Hdge Uk | LSE:BHUE | London | Ordinary Share | JE00B42J3Y72 | RED PART SHS NPV (UK EMERGING CO SHS) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 134.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Not for release, publication or distribution in or into the United States, Canada, Australia or Japan 21 October 2014 BlackRock Hedge Selector Limited Results of December 2014 Redemption Background As approved at the Extraordinary General Meeting of the Company on 11 April 2013, the Company has implemented a quarterly Redemption Mechanism for up to a maximum of 20 per cent. of the UK Emerging Companies Shares in issue at the relevant Redemption Notification Date. For the December 2014 redemption, the Directors exercised their discretion to invite UK Emerging Companies Shareholders to request the redemption of up to a maximum of 20 per cent. of the shares in issue as at 17 October 2014 (excluding treasury shares) (the Maximum Redemption Amount). The December 2014 Redemption for up to 5,195,045 UK Emerging Companies Shares was oversubscribed and holders of 6,541,208 UK Emerging Companies Shares (25.2% of the UK Emerging Companies Shares excluding treasury shares) elected to redeem their holding. Shareholders who have elected to redeem UK Emerging Companies Shares shall have their request up to the limit of the basic entitlement (20 per cent of their shares) satisfied in full and their election for further shares will be scaled-back pro rata with each shareholder receiving 71.9475 per cent of their election for further shares. The Redemption Valuation Date for the purposes of calculating the net asset value of the Company's UK Emerging Companies Shares to determine redemption proceeds payable will be 31 December 2014. It is expected that shareholders will receive proceeds of the redemption on or around 16 January 2015. The proceeds will be equivalent to the Net Asset Value of the UK Emerging Companies Shares at 31 December 2014 less the attributable costs of redemption which the Directors may in their absolute discretion deem appropriate, multiplied by the number of shares redeemed. The redeemed shares will be taken into Treasury. Therefore following implementation of the December 2014 Redemption, the Company will have 20,780,183 UK Emerging Companies Shares in issue (excluding shares held in Treasury and on the basis that there are no other movements in the Company's issued share capital between the date of this announcement and the implementation date of the December redemption). After the redemption the Company will hold in total 7,738,795 UK Emerging Companies Shares in Treasury. Shareholders should be aware that, as announced on 5 September 2014, the Board of BlackRock Hedge Selector Ltd is undertaking a shareholder consultation in relation to the current investment objective and policy of the Company's existing share class. The Company will make a further announcement in due course. Definitions Terms defined in the Circular have the same meaning when used herein unless the context otherwise requires. Enquiries Ed Bellew - 01534 600 806 BlackRock (Channel Islands) Limited Will Rogers - 020 7397 1920 Sapna Shah - 020 7397 1922 Cenkos Securities plc
Copyright r 20 PR Newswire
1 Year Blackrk Hdge Uk Chart |
1 Month Blackrk Hdge Uk Chart |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions