Results of Extraordinary General Meeting

 

TIDMBRAL 
 
RNS Number : 0574N 
Bramdean Alternatives Limited 
03 June 2010 
 

              Aberdeen Private Equity Fund Limited ("the Company") 
                    Results of Extraordinary General Meeting 
The Board of the Company announces that at the class meeting of the US Dollar 
shareholders and extraordinary general meeting, both held today, all resolutions 
were duly passed. 
(a) The change of name of the Company to Aberdeen Private Equity Fund Limited 
(APEF.L) has been approved by shareholders but still needs to be registered with 
the Registrar of Companies in Guernsey. 
(b) The investment objective and policy of the Company has been changed as 
described in the circular dated 10 May 2010. 
(c) All of the Company's US Dollar shares will convert into Sterling shares, 
thereby simplifying the Company's capital structure. The conversion will be on 
the basis of 28 May 2010 net asset value ("NAV"), anticipated to be published 
on, or around, 21 June 2010. The Listing of the US Dollar Shares will be 
cancelled on 2 July 2010. 
For illustrative purposes only, using the NAV attributable to the US Dollar 
Shares and the Sterling Shares (the last published NAV before this announcement) 
and the exchange rate of US$1.5306:GBP1, all as at 30 April 2010, the 
entitlement would be as set out below: 
+--------------------+--------------------+--------------------+ 
|  NAV attributable  |  NAV attributable  |  Entitlement to    | 
|    to US Dollar    |to Sterling shares  |Sterling shares of  | 
|shares in Sterling  |  as at 30 April    |     US Dollar      | 
|based on the above  |    2010 (GBP)      |shareholders (GBP)  | 
|   exchange rate    |                    |                    | 
|       (GBP)        |                    |                    | 
+--------------------+--------------------+--------------------+ 
|      0.5110        |      0.8796        |  0.5809 Sterling   | 
|                    |                    |  shares for every  | 
|                    |                    |  US Dollar Share   | 
|                    |                    |        held        | 
+--------------------+--------------------+--------------------+ 
An announcement will be made in due course of the final entitlement to Sterling 
Shares of the Dollar Shareholders. 
(d) The waiver, 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, has been approved. 
Aberdeen Private Equity Fund Limited 
Jonathan Carr, Chairman, 01242 890287 
Aberdeen Asset Management Limited 
James Thorneley, Aberdeen Asset Management 
Limited, 020 7463 6323 
Neil Bennett/Charlotte Walsh, Maitland, 020 7379 5151 
Matrix Corporate Capital LLP 
Paul Fincham/Robert Naylor, 020 3206 7175 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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