Alternative Invest. Strategies Ld Compulsory Partial Redemption of Shares (1255Z)

TIDMAIS

RNS Number : 1255Z

Alternative Invest. Strategies Ld

03 February 2014

Alternative Investment Strategies Limited (the "Company")

(a closed-ended investment company incorporated with limited liability under the laws of Guernsey with registered number 31617)

Notice of Compulsory Partial Redemption of Shares

3 February 2014

At the Extraordinary General Meeting held on Wednesday, 12 June 2013 the Company's shareholders approved the Managed Wind-down of the Company. Details of this are more particularly described in the circular to shareholders dated 15 May 2013 (the "Circular"). In accordance with the Company's Articles of Incorporation, the Company today announces that it will return GBP24,380,065.36 (equivalent to 97.0088p per Share) to holders of Shares on 13 February 2014 (the "Redemption Date") by way of a compulsory partial redemption of Shares (the "Redemption"). The Redemption will be effected pro rata to holdings of Shares on the register at close of business on the Redemption Date.

Based on the Net Asset Value per Share of 142.66p on 31 December 2013 (being the Net Asset Value Date), 68 per cent. of the Company's issued share capital will be redeemed on the Redemption Date (that is 68 Shares for every 100 Shares held (the "Redemption Ratio")). Fractions of Shares will not be redeemed. The Redemption price will be 142.66p.

The amount to be applied to the partial redemption of Shares comprises the monies received by the Company from the realisation of the Company's investments by the end of January 2014 pursuant to the Managed Wind-down, less any funds used or required to settle any liabilities (including the estimated ongoing day to day running costs of the Company together with any collateral required for the Company's foreign exchange hedging facility).

As at today's date, the Company has 25,131,808 Shares in issue and no Shares held in Treasury. All of the Shares redeemed on the Redemption Date will be cancelled.

Settlement mechanics

The Shares will be disabled in CREST on the Redemption Date and the existing ISIN GG00BFSS6247 (the "Old ISIN") will expire. The new ISIN number GG00BJ7BNL07 in respect of the remaining Shares which have not been redeemed will be enabled and available for transactions on 14 February 2014.

Up to and including the Redemption Date, Shares will be traded under the Old ISIN, and, as such, a purchaser of such Shares on that date would have a market claim for a proportion of the redemption proceeds. CREST will automatically transform any open transactions as at the Redemption Date (which is the record date for the purposes of the Redemption) into the New ISIN.

Payments in respect of redemption monies in Sterling are expected to be effected either through CREST (in the case of Shares held in uncertificated form) on 14 February 2014 or by cheque (in the case of Shares held in certificated form) as soon as practicable thereafter but within 14 business days of the Redemption Date.

All capitalised terms shall have the meaning given to them in the Circular unless otherwise defined.

Enquiries:

Sean Molony

International Asset Management Limited

Tel: +44 (0) 20 7734 8488

Robbie Robertson / Andrew Zychowski / Lucy Lewis

Canaccord Genuity Limited

Tel: +44 (0) 20 7523 8000

This information is provided by RNS

The company news service from the London Stock Exchange

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