Conversion of Securities - Final Ratios

 

TIDMBRAL 
 
RNS Number : 9321C 
Bramdean Alternatives Limited 
23 November 2009 
 

Bramdean Alternatives Limited (the "Company") 
23rd November 2009 
 
 
Class Conversions: Final Ratios 
 
 
In respect of the 30 October 2009 Conversion Calculation Date and on the basis 
of the Net Asset Values of the Company's Ordinary Shares as at 30 October 
2009 and using (spot currency exchange rate of 1.64834 at 30 October 2009), the 
Conversion Ratios, calculated in accordance with the Company's articles of 
incorporation are as follows: 
 
 
1.7211 US$ Shares for every one GBP Share 
 
 
0.5810 GBP Shares for every one US$ Share 
 
 
The following foreign exchange rate as at 30 October 2009 was used: 
 
 
USD/GBP 1.64834 
 
 
The Company has received Conversion Notices in respect of the October 2009 
conversion calculation date from holders owning 76,500 GBP Shares. These holders 
have elected to switch into US$ shares. In addition, holders owning 321,790 US$ 
Shares have elected to switch into GBP Shares. 
 
 
On the basis of the aggregate level of Conversion Notices received by the 
Company as previously announced, application has been made to the UK Listing 
Authority for 110,463 new GBP Shares of no par value to be admitted to the 
Official List. Application has also been made for such Shares to be admitted to 
trading on the London Stock Exchange. It is expected that such admissions will 
be effective and that dealings in the new Shares will commence on 26 November 
2009. 
 
 
Accordingly, the Company's issued share capital with effect from 26 November 
2009 will be as follows: 
 
 
GBP Shares  90,825,782 
 
 
US$ Shares78,383,754 
 
 
Total Voting Rights in the Company261,797,338 
 
 
 
 
The expected timetable to Conversion is as follows: 
 
 
+--------------------------------------------+----------------------------+ 
| Conversion Date                            |           26 November 2009 | 
| Ordinary Shareholder CREST or Euroclear    | By 8.00am 26 November 2009 | 
| accounts credited with new Shares (of the  |                            | 
| relevant class)                            |                            | 
+--------------------------------------------+----------------------------+ 
 
 
Enquiries: 
 
 
+-----------------------------------------------+------------------------+ 
| Robin Amer                                    |   Tel: [phone] | 
| RBC Offshore Fund Managers Limited            |                    000 | 
|                                               |                        | 
+-----------------------------------------------+------------------------+ 
 
 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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