Statement re Compulsory Partial Redemption of Shares
(Thomson Reuters ONE) - TAPESTRY INVESTMENT COMPANY PCC LIMITED (the "Company") Registration Number : 48959 3 November 2009 Notice of compulsory partial redemption of Shares Notice of compulsory partial redemption of participating redeemable preference shares in the Multi-Strategy (GBP) cell of the Company ("Shares")Further to the approval by the Company's shareholders of the ManagedWind-Down of the Company (as more particularly described in thecircular that was sent to the shareholders on 21 August 2009 (the"Circular")) at the Extraordinary General Meeting and Class Meetingheld on 11 September 2009 and in accordance with the Company'sArticles of Incorporation, the Company today announces that it willreturn £31,470,343 (equivalent to 37.65p per Share) to holders ofShares on 18 November 2009 (the "Redemption Date") by way of acompulsory partial redemption of Shares (the "Redemption"). TheRedemption will be effected pro rata to holdings of Shares on theregister at the close of business on the Redemption Date. Based onthe Net Asset Value per Share of 96.5497p on 30 September 2009 (beingthe Net Asset Value Date), 39 per cent. of the Company's issued sharecapital will be redeemed on the Redemption Date (that is 3.9 Sharesfor every 10 held (the "Redemption Ratio")). Fractions produced bythe Redemption Ratio will not be redeemed and such Shares shallcontinue. The price at which each Share will be redeemed will be96.5497p.The amount to be applied to the partial redemption of Sharescomprises the monies held by the Company together with proceeds fromthe realisation of the Company's investments received up to andincluding 30 October 2009 pursuant to the Managed Wind-Down, less anyfunds used or required to settle any liabilities (including theestimated ongoing day to day running costs of the Company).SharesAs at today's date, the Company has 90,594,850 Shares in issue ofwhich 7,018,010 are held in Treasury. All of the Shares redeemed onthe Redemption Date together with any Shares held in Treasury, willbe cancelled.The Shares will be disabled in CREST on the Redemption Date and theexisting ISIN number GB00B063C843 will expire. The new ISIN numberGG00B56ZXH13 in respect of the remaining Shares which have not beenredeemed will be enabled and available for transactions on 19November 2009.All capitalised terms have the meaning given to them in the Circularunless otherwise stated.Copies of the redemption notice which is being sent to shareholderstoday are available from the Company's website.Contacts for queries:Tapestry Investment Company PCC LimitedMel Carvill (Chairman)01481 727111Kleinwort Benson (Channel Islands) Fund Services LimitedCompany secretary01481 727111Collins Stewart Europe LimitedAndrew ZychowskiLucy Lewis020 7523 8000Collins Stewart Europe Limited, which is authorised and regulated inthe United Kingdom by the Financial Services Authority, is acting forTapestry Investment Company PCC Limited and is acting for no-one elsein connection with the Redemption and the contents of thisannouncement, and will not be responsible to anyone other than theCompany for providing the protections afforded to clients of CollinsStewart Europe Limited nor for providing advice in connection withthe Redemption and the contents of this announcement or any othermatter referred to herein. Collins Stewart Europe Limited is notresponsible for the contents of this announcement. This does notexclude or limit any responsibilities which Collins Stewart EuropeLimited may have under the Financial Services and Markets Act 2000 orthe regulatory regime established thereunder.---END OF MESSAGE---This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 03.11.2009 - 16:50 Uhr
Sprache: Deutsch
News-ID 7850
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