Further re Compulsory Partial

RNS Number : 9410B

Off-Plan Fund Limited (The)

04 November 2009

 



4 November 2009

THE OFF-PLAN FUND LIMITED

(the "Company" or "Fund")

Further re: Compulsory Partial Redemption of Participating Shares

Further to the announcement by the Company on 26 October 2009, the Fund announces that it has redeemed a total of 5,576,553 Participating Shares, equivalent to 50 per cent. of the 11,153,098 Participating Shares previously in issue. The redeemed shares have been cancelled in accordance with the relevant provisions of the Companies (Jersey) Law 1991. 

If Members hold their Participating Shares in certificated form, they should receive new certificates shortly setting out their resultant holdings following the Redemption. Existing share certificates ceased to be valid at 6pm on 30 October 2009.  Payment will be made by way of cheque sent via registered post to each Member's address stated on the  register  of members on 30 October 2009. It is anticipated that cheques will be posted today or tomorrow.

Members that hold their Participating Shares in certificated form, who are concerned that the register of members may contain incorrect details concerning, amongst other things, their address, should contact Capita Registrars, the Fund's registrars, using the following number 0871 664 0330 from the UK or + 44 208 639 3399 from overseas.

If Members previously held their Participating Shares in CREST, the Participating Shares will be available for transactions  with a new ISIN number JE00B58T0Q96. The Redemption proceeds have been remitted to CREST members today.

Following completion of the Redemption and as of 2 November 2009, the Fund's entire issued share capital comprised a total of 5,576,545 Participating Shares. Application for these shares to be admitted to trading on AIM has been made and admission is expected to take place on 5 November 2009. 

Words and expressions used in this announcement shall have the same meaning as given in the Articles of Association of the Fund (the "Articles") unless the context requires otherwise.

List of Contacts:

Development Capital Management
Roger Hornett
Andy Gardiner

020 7355 7600

Merchant John East Securities Limited

(Nominated Adviser)

Bidhi Bhoma/Simon Clements

020 7628 2200

 

END

 

 

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