Conversion Notice (Replacement)


 

TIDMDASL 
 
RNS Number : 5460O 
Dexion Alpha Strategies Limited 
09 March 2009 
 

The 'Conversion Notice' announcement released on 06/03/09 at 17:45 under RNS No 
4955O has been re-released to include text and Expected timetable omitted from 
the original release. 
The full amended text is shown below. 
 
Dexion Alpha Strategies Limited 
 
 
Conversion Notice 
 
 
The Company's Articles of Association incorporate provisions enabling 
Shareholders of any one class of Ordinary Shares to convert all or part of their 
holding into Ordinary Shares of any other class as at the NAV Calculation Date 
referable to the months of March, June, September and December in each year 
(each a "Conversion Calculation Date"). 
 
Such conversion will be on the basis of the ratio of the NAV of the class of 
Ordinary Shares to be converted from (less the costs of effecting such 
conversion), to the NAV of the class of Ordinary Shares to be converted to (each 
as at the relevant NAV Calculation Date) and otherwise as set out in the 
Articles. 
 
 
Shareholders may convert Ordinary Shares of any class into Ordinary Shares of 
any other class by giving not less than 5 business days notice to the Company in 
advance of the relevant Conversion Calculation Date. 
 
 
In the case of Ordinary Shares held in uncertificated form, the relevant USE 
instruction(s) must be submitted to Capita Registrars at least 5 business days 
before the relevant Conversion Calculation Date using the CREST information 
provided below: 
 
 
CREST PARTICIPANT ID - RA10 
 
 
MEMBER ACCOUNT CODE: 
 
+---------------------------------+----+-------------------------------------------------------------+ 
| STERLING TO EURO                | -  | GBP2EUR                                                     | 
|                                 |    |                                                             | 
+---------------------------------+----+-------------------------------------------------------------+ 
| STERLING TO US DOLLAR           | -  | GBP2USD                                                     | 
|                                 |    |                                                             | 
+---------------------------------+----+-------------------------------------------------------------+ 
| EURO TO STERLING                | -  | EUR2GBP                                                     | 
|                                 |    |                                                             | 
+---------------------------------+----+-------------------------------------------------------------+ 
| EURO TO US DOLLAR               | -  | EUR2USD                                                     | 
|                                 |    |                                                             | 
+---------------------------------+----+-------------------------------------------------------------+ 
| US DOLLAR TO STERLING           | -  | USD2GBP                                                     | 
|                                 |    |                                                             | 
+---------------------------------+----+-------------------------------------------------------------+ 
| US DOLLAR TO EURO               | -  | USD2EUR                                                     | 
|                                 |    |                                                             | 
+---------------------------------+----+-------------------------------------------------------------+ 
 
 
 
 
In the case of Ordinary Shares held in certificated form, a Conversion Notice 
must be requested from the Company's Transfer Agent at the following address: 
 
 
Capita Registrars Limited 
The Registry 
34 Beckenham Road 
Beckenham 
Kent BR3 4TU 
Telephone: 
From UK: 0871 664 0300 
From Overseas: +44 208 639 3399 
 
 
To be valid the Conversion Notice and the appropriate Share certificate must be 
received at the above address at least 5 business days before the relevant 
Conversion Calculation Date. 
 
 
In addition Shareholders should note, however, that fractions of Ordinary Shares 
arising on conversions will be rounded down and that the costs of conversion may 
be disproportionate to the value of the Ordinary Shares converted.  Hence the 
aggregate Net Asset Value of those Ordinary Shares held after conversion may be 
less than before such conversion.  Shareholders should also note that if they 
elect to convert Ordinary Shares they will be unable to deal in those Ordinary 
Shares in the period between giving notice of conversion and the actual date of 
conversion. Such notice once given shall be irrevocable without the consent of 
the Directors. 
 
 
As announced on 23 January 2009, following the Company's discount floor 
provisions being triggered, the Company will be convening separate class 
meetings for each class of Ordinary Shares to consider continuation resolutions. 
 It is currently expected that such class meetings will be held during April 
2009. Shareholders who hold their Shares in uncertificated form and who submit 
the relevant USE instruction to convert Shares between classes will not be able 
to vote those existing Shares where the relevant class meeting is held before 
the Conversion Date and will not be able to vote the new Shares arising on 
conversion until after the Conversion Date when their name is on the register of 
members as the holder of those new Shares.  However, Shareholders who hold their 
Shares in certificated form and who give notice to convert Shares between 
classes (and who lodge their Share certificate with the Company's transfer 
agent) will be able to vote those existing Shares where the relevant class 
meeting is held before the Conversion Date.  New Shares arising on conversion 
cannot be voted until after the Conversion Date when their name is on the 
register of members as the holder of those new Shares. As set out in the 
expected timetable below, the Conversion Date is currently expected to take 
place after the class meetings have been held. 
 
 
This notice is for information only. Any Shareholder who is in any doubt whether 
or not to convert is recommended to contact an independent financial adviser. 
 
 
Expected timetable 
 
 
+-----------------------------------------------------------------+-----------------------------------+ 
| Latest date for submission of relevant USE instruction(s) or    |                     20 March 2009 | 
| receipt of Conversion Notice and Share certificate (as          |                                   | 
| appropriate)                                                    |                                   | 
|                                                                 |                                   | 
+-----------------------------------------------------------------+-----------------------------------+ 
| Conversion Calculation Date                                     |                     31 March 2009 | 
|                                                                 |                                   | 
+-----------------------------------------------------------------+-----------------------------------+ 
| Class Meetings                                                  |                        April 2009 | 
|                                                                 |                                   | 
+-----------------------------------------------------------------+-----------------------------------+ 
| Conversion Date                                                 |                       11 May 2009 | 
|                                                                 |                                   | 
+-----------------------------------------------------------------+-----------------------------------+ 
 
Enquiries: 
 
 
+-----------------------------------------------------------------+----------------------------------+ 
| Martine Harrison                                                |          Tel: +44 (0)1481 743945 | 
| Dexion Capital (Guernsey) Limited                               |                                  | 
|                                                                 |                                  | 
+-----------------------------------------------------------------+----------------------------------+ 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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