GMNT Gottex Market

 

TIDMGMNT 
 
RNS Number : 2014N 
Gottex Market Neutral Trust Limited 
08 June 2010 
 

              Gottex Market Neutral Trust Limited (the "Company") 
(a closed-ended investment company incorporated with limited liability under the 
                 laws of Guernsey with registered number 46429) 
 
                                  8 June 2010 
 
                Notice of compulsory partial redemption of shares 
 
Notice of compulsory partial redemption of shares in Gottex Market Neutral Trust 
Limited (the "Company"). 
 
Further to the approval by the Company's shareholders of the winding down 
proposals as described in the circular to shareholders on 12 February 2010 (the 
"Circular") the Company today announces that it will return GBP18,000,000 
(equivalent to 44.83 pence per share) on 25 June 2010 (the "Redemption Date") by 
way of a compulsory partial redemption of shares (the "Redemption") by reference 
to the 31 May 2010 NAV Calculation Date. 
 
The Redemption will be effected pro rata to holdings of shares on the register 
at the close of business on the Redemption Record Date, being 18 June 2010. 
44.83 per cent.  of the Company's issued share capital would be redeemed on the 
Redemption Date (that is 44.83 Shares for every 100 held (the "Relevant 
Percentage")). Fractions of Shares will not be redeemed and so the number of 
shares to be redeemed for each shareholder will be rounded down to the nearest 
whole number of shares. 
 
The  amount to  be applied  to the  partial redemption  of shares  comprises the 
monies  from the  realisation of  the Company's  investments received up to and 
including 31 May 2010 pursuant to the winding down of the Company, less any 
funds used or  required to settle any liabilities (including  the estimated 
ongoing day to day running costs of the Company, the costs of maintaining the 
Company's hedging facility on invested assets) and the costs and expenses of 
this partial redemption).  The costs and expenses of this partial redemption are 
estimated not to exceed GBP20,000, equivalent to approximately 0.1p per share 
being redeemed. 
 
As at today's date, the Company has 45,350,000 shares in issue of which none are 
held in treasury.  All of the shares redeemed on the Redemption Date will be 
cancelled, after which the Company will have 25,019,595 shares in issue. 
 
The shares will be disabled in CREST on the Redemption Date and the existing 
ISIN number GG00B1S4QQ89 (the "Old ISIN") will expire. The new ISIN number 
GG00B5VBJS76 (the "New ISIN") in respect of the remaining Shares which have not 
been redeemed will be enabled and available for transactions from and including 
26 June 2010. Up to and including the Redemption Date, Shares will be traded 
under the Old ISIN and as such, a purchaser of such Shares 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 of redemption monies are expected to be effected either through CREST 
(in the case of shares held in uncertificated form) or by cheque (in the case of 
shares held in certificated form) before 25 July 2010. 
 
All Enquiries: 
Andrew Maiden 
Northern Trust International Fund Administration Services (Guernsey) Limited - 
Company Secretary 
Tel: 01481 745368 
Fax: 01481 745077 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCLLFIRRAIDIII 
 

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