Business
Further re Redemption
Further re Redemption.
About this update from Audioboom Group Plc
[{"type":"text","content":"\n RNS Number : 0270M Off-Plan Fund Limited (The) 17 May 2010 \n\n\n\n\n\n\n\n\n17 May 2010\n\n\n\n\n \n \nTHE OFF-PLAN FUND LIMITED\n(the \"Company\" or \"Fund\")\n \nFurther re: Compulsory Partial Redemption of Participating Shares\n \nFurther to the announcement by the Company on 30 April 2010, the Fund announces that it has redeemed a total of 3,345,916 Participating Shares at 63 pence per share representing an aggregate redemption of £2,107,927.08, equivalent to 60 per cent. of the 5,576,553 Participating Shares previously in issue. The redeemed shares have been cancelled in accordance with the relevant provisions of the Companies (Jersey) Law 1991. \n \nIf Members hold their Participating Shares in certificated form, they should receive new certificates shortly setting out their resultant holdings following the Redemption. Existing share certificates ceased to be valid at 6pm on 14 May 2010. Payment will be made by way of cheque sent via registered post to each Member's address stated on the register of members on 14 May 2010. It is anticipated that cheques will be posted within 7 business days of the redemption date.\n \nMembers that hold their Participating Shares in certificated form, who are concerned that the register of members may contain incorrect details concerning, amongst other things, their address, should contact Capita Registrars, the Fund's registrars, using the following number 0871 664 0330 from the UK or + 44 208 639 3399 from overseas.\n \nIf Members previously held their Participating Shares in CREST, the Participating Shares will be available for transactions with a new ISIN number JE00B3M1SG31. The Redemption proceeds have been remitted to CREST members within 7 business days of the redemption date.\n \nFollowing completion of the Redemption, the Fund's entire issued share capital comprises a total of 2,230,637, Participating Shares which will be admitted to trading on AIM on 18 May 2010. \n \nWords and expressions used in this announcement shall have the same meaning as given in the Articles of Association of the Fund (the \"Articles\") unless the context requires otherwise.\n \nList of Contacts:\n \nDevelopment Capital Management\nAndy Gardiner\nTom Pridmore\n020 7355 7600\n \nMerchant John East Securities Limited\n(...