Offer Talks Terminated

 

TIDMBRAL 
 
RNS Number : 5730W 
Petersfield Asset Management Ltd 
30 July 2009 
 

RNS 
30 July 2009 
 
 
 
 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR 
FROM ANY JURISDICTION (INCLUDING THE UNITED STATES) WHERE TO DO SO WOULD 
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Petersfield Asset Management Limited's potential offer for Bramdean Alternatives 
Limited - talks terminated 
 
Petersfield Asset Management Limited ("Petersfield") today announced that it has 
terminated offer discussions with Bramdean Alternatives Limited (the "Company"). 
The Company announced on 30 April 2009 that it had received an approach to 
acquire the entire issued share capital of the Company. 
 
Petersfield is an investment vehicle which was set up by fund manager Nicola 
Horlick, and chaired by Tony Caplin, in response to indications from several 
major shareholders of the Company that they would favour a realisation of the 
Company's assets as quickly as possible. 
 
After discussions with the Company's major shareholders, Petersfield has 
concluded that a majority of the Company's shareholders wish for the Company to 
continue with its current strategy of investing in long-term alternative assets. 
Petersfield has therefore withdrawn from any discussions with the Company. 
 
 
For the purposes of Rule 2.8 of the Takeover Code, Petersfield reserves the 
right (on behalf of itself and anyone acting in concert with Petersfield) to 
announce an offer or possible offer for the Company and/or take any other action 
which would otherwise be restricted under Rule 2.8 of the Takeover Code within 
the next six months in the event that: 
 
 
(i)    the agreement or recommendation of the board of the Company is given to 
the making of such an announcement or the taking of any such other action; or 
 
 
(ii)    a third party announces an offer or a possible offer for the Company; or 
 
 
(iii)    any announcement is made by or on behalf of the Company that it is in 
discussions which may or may not lead to an offer (or partial offer); or 
 
 
(iv)    the Company announces a "whitewash proposal" or a "reverse takeover" 
(each as defined in the City Code); or 
 
 
(v)    there is a material change of circumstances. 
 
 
A copy of this announcement is available on the Petersfield Asset Management 
Limited website: http://www.petersfieldassetmanagement.com. 
 
 
ends 
 
 
For further information please contact: 
Nick Miles 
M:Communications 
T: [phone] 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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