BRAL Bramdean �

    RNS Number : 3100V
  Bramdean Alternatives Limited
  27 May 2008
   

    Bramdean Alternatives Limited (the "Company")

    Class Conversions : Final Ratios

    In respect of the April 2008 Conversion Calculation Date and on the basis of the Net Asset Values of the Company's Ordinary Shares as at
30 April 2008 as previously announced (and using spot GBP/USD currency exchange rate of 1.98055 at 30 April 2008), the Conversion Ratios,
calculated in accordance with the Company's articles of association are as follows:

 2.0029 US$ Shares for every one GBP Share


    The Company has received Conversion Notices in respect of the April 2008 conversion calculation date from holders owning 32,055,469 GBP
Shares. These holders have elected to switch into U.S Dollar shares at that date. 

    On the basis of the aggregate level of Conversion Notices received by the Company as previously announced, application has been made to
the UK Listing Authority for 64,203,142 new U.S. Dollar Shares of no par value to be admitted to the Official List. Application has also
been made for such Shares to be admitted to trading on the London Stock Exchange. It is expected that such admissions will be effective and
that dealings in the new Shares will commence on 28 May 2008.  

    Accordingly, the Company's issued share capital with effect from 28 May 2008 will be as follows:

    GBP Shares                                        97,751,842

    US$ Shares                                         65,988,142

    Total Voting Rights in the Company    263,388,212



    The expected timetable to Conversion is as follows:

 Conversion Date                                                   28 May 2008


 Ordinary Shareholder CREST or Euroclear accounts credited with      By 8.00am
 new Shares (of the relevant class)                                28 May 2008


    Enquiries:

 Robin Amer                Tel: +44 (0)1481 744 000
 RBC Offshore Fund
 Managers Limited


This information is provided by RNS
The company news service from the London Stock Exchange
 
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