2nd Mar 2011 15:27
Not for release, publication or distribution in or into the United States, Canada, Australia or Japan.
BLACKROCK ABSOLUTE RETURN STRATEGIES LTD
Settlement of the Reverse Auction Tender Offer Consideration
Further to the announcement of the Reverse Auction Tender Strike Price for each of the Company's share classes on 2 February 2011, settlement of the Reverse Auction Tender Offer consideration will be on 4 March 2011.
Settlement of the consideration will be credited to the relevant CREST accounts (where an accepted tender relates to Shares held in uncertificated form) or dispatched by cheque (where an accepted tender relates to Shares held in certificated form) in the currency of the Shares being redeemed at the sole risk of the relevant Shareholder.
Following completion of the Reverse Auction Tender Offer the Company's issued share capital will consist of the following:
- 1,664,624 Euro denominated Shares with 1.3 voting rights per share (excluding 251,789 treasury shares) - 2,191,620 US Dollar denominated Shares with 1 voting right per share (excluding 282,481 treasury shares) - 9,424,259 Sterling denominated Shares with 1.5 voting rights per share - (excluding 1,642,526 treasury shares)
The total number of voting rights in the Company will be 18,492,020 - (excluding treasury shares).
The above figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Rules with effect from 4 March 2011.
Defined terms in this announcement have the same meaning as in the Circular to shareholders dated 13 December 2010.
Enquiries:
Jonathan Ruck Keene / Kerry Higgins (Company Secretary) - 020 7743 3000 BlackRock Investment Management (UK) Limited
Will Rogers - 020 7397 1920Cenkos Securities plc
Date: 2 March 2011
vendorRelated Shares:
Smo Gold