Restructure Proposals

 

TIDMBRAL 
 
RNS Number : 2895I 
Bramdean Alternatives Limited 
09 March 2010 
 

Bramdean Alternatives Limited 
The Board of Bramdean Alternatives Limited is pleased to announce the following 
proposals: 
(a)        to change the name of the Company to Aberdeen Private Equity Fund 
Limited, consistent with the appointment of Aberdeen Asset Managers Limited as 
the Company's investment manager in November last year; 
(b)       to refine the investment objective and policy of the Company, 
reflecting the Company's primary focus on private equity funds, moving away from 
the current hybrid objective; 
(c)        to convert all of the Company's US Dollar shares into Sterling 
shares, thereby simplifying the Company's capital structure; and 
(d)       to approve the waiver, subject to this being granted by the Panel on 
Takeovers and Mergers, of the obligation that would otherwise arise on Elsina 
Limited (the Company's largest shareholder) to make a general offer to 
shareholders pursuant to Rule 9 of the City Code as a result of the share 
conversion proposal in (c) or in consequence of the Company repurchasing its own 
shares. 
A circular containing full details of these proposals is in the process of being 
finalised and will be published shortly, convening an extraordinary general 
meeting of the Company at which shareholders will be able to vote on the 
proposals. 
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Contacts: 
Bramdean Alternatives Limited 
Jonathan Carr, Chairman, 01242 890287 
 
Aberdeen Asset Management 
James Thorneley, Aberdeen Asset Management, 020 7463 6323 
Neil Bennett/Charlotte Walsh, Maitland, 020 7379 5151 
 
Matrix Corporate Capital LLP 
Paul Fincham/Rob Naylor, 020 3206 7175 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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