Funds Update
September 28 2007 - 2:08AM
UK Regulatory
RNS Number:6924E
Absolute Capital Mgmt Holdings Ltd
28 September 2007
Absolute Capital Management Holdings Limited (the "Company")
Funds Update
The Company wishes to confirm the Irish Stock Exchange has approved the
distribution of circulars to investors in the Absolute Return Europe Fund
Limited, Absolute European Catalyst Fund Limited, Absolute Octane Fund Limited
and Absolute East West Fund Limited setting out the Company's proposals to
restructure these funds to create "side pocket" share classes.
The circulars have accordingly been posted to the Company's website at
www.abcapman.com/restructuring and will today be disseminated to fund investors
by the funds' administrator, Fortis Prime Fund Solutions (IOM) Limited. The
return date for completed circulars is 19 October 2007.
The terms of the proposed fund restructuring are broadly similar to those
previously announced, however, following discussions with numerous fund
investors, the proposals now include provisions under which investors may redeem
up to an aggregate 30% of their investments in the funds' liquid share classes
on scheduled redemption days over the following 12 months.
Consent of investors holding not less than two thirds of each fund's shares is
needed to implement the proposals.
Enquiries:
Absolute Capital Management +34 (971) 765553
Holdings Limited
Jonathan Treacher, CEO
Panmure Gordon 020 7459 3600
Dominic Morley
Cardew Group 020 7930 0777
Tim Robertson
Shan Shan Willenbrock
David Roach
This information is provided by RNS
The company news service from the London Stock Exchange
END
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