OPF Off-Plan Fd

 

TIDMOPF 
 
RNS Number : 0270M 
Off-Plan Fund Limited (The) 
17 May 2010 
 
+-------------------------------+-------------------------------------+ 
|                               |                         17 May 2010 | 
+-------------------------------+-------------------------------------+ 
 
 
                            THE OFF-PLAN FUND LIMITED 
                            (the "Company" or "Fund") 
 
        Further re: Compulsory Partial Redemption of Participating Shares 
 
Further 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 GBP2,107,927.08, 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. 
 
If 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. 
 
Members 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. 
 
If 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. 
 
Following 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. 
 
Words 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. 
 
List of Contacts: 
 
Development Capital Management 
Andy Gardiner 
Tom Pridmore 
020 7355 7600 
 
Merchant John East Securities Limited 
(Nominated Adviser) 
Bidhi Bhoma/Simon Clements 
020 7628 2200 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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