Interests in Shares

RNS Number : 3976L

Off-Plan Fund Limited (The)

09 January 2009

 



For Immediate Release

9 January 2009

The Off-plan Fund Limited

Interests in Shares

The Board of The Off-plan Fund Limited (the 'Fund') has previously been made aware of and has announced that Elsina Limited ('Elsina'), a company ultimately owned by Investec Trust (Guernsey) Limited, as trustees for the Tchenguiz Family Trust, was interested in 20.25% of the Fund's share capital.

It has recently come to the attention of the Board that the majority of Elsina's interest in these shares was transferred to Kaupthing Singer & Friedlander ('KS&F') just prior to KS&F entering into administration in October 2008. The administrators of KS&F have since confirmed that KS&F has an interest in 1,858,850 shares, representing 16.7% of the Fund's issued share capital.

The Fund has been informed that Elsina maintains its interest in the balance of 400,000 shares (3.6%).

List of Contacts

Development Capital Management
Roger Hornett
Andy Gardiner

020 7355 7600

Numis Securities Limited

Nominated Adviser

Nick Westlake

020 7260 1000

Corporate Broking

Charles Farquhar

020 7260 1000

Buchanan Communications

Charles Ryland

Isabel Podda

020 7466 5000

 

END

 

 

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