BLACKROCK HEDGE SELECTOR LTD - Statement re Public Hands Test for Cash Fund Share Class
06 Novembre 2012 - 3:20PM
PR Newswire (US)
BLACKROCK HEDGE SELECTOR LTD - Statement re Public Hands Test for
Cash Fund Share Class
As a result of a recent transaction in the Company's cash fund
shares the Company is no longer compliant in respect of those
Shares with the free float requirement of the UK Listing Rules
which, broadly, stipulates that 25 percent of the shares of each
class in a listed company should be held by shareholders who are
neither Directors nor holders who own more than a 5 percent holding
each. The Board, through the Company's brokers, have discussed this
development with the UK Listing Authority (`UKLA').
Shareholders should note that as a consequence of the Company
failing to meet this listing requirement, the UKLA is entitled to
withdraw the listing of the cash fund shares. In practice, however,
we understand that the UKLA will allow the Company some time to
restore the position to compliance with the UK Listing Rules. The
Board are considering this issue with their advisers and with the
UKLA and will make a further announcement as soon as
practicable.
Shares in the UK Emerging Companies Share Class remain compliant
with the UK Listing Rules and retain their listed status.
S Beynsberger
Secretary
020 77432639
Copyright er 6 PR Newswire
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