Reorganisation Proposals


 

TIDMDASL 
 
RNS Number : 7316T 
Dexion Alpha Strategies Limited 
11 June 2009 
 

 
 
11 June 2009 
 
 
Dexion Alpha Strategies Limited 
 
 
Reorganisation Proposals 
 
 
Following the Continuation Resolutions of the GBP Shares and the EUR Shares not 
being passed at the separate Class Meetings of the Company held on 24 April 
2009, the Board announces its intention to put forward proposals to all 
Shareholders to reorganise the Company (the "Reorganisation Proposals"). 
 
 
The key features of the Reorganisation Proposals are expected to be as follows: 
 
 
  *  a full cash exit opportunity at NAV (less costs) for all Shareholders of each 
  class on a similar basis and timetable to that envisaged in the Circular dated 
  31 March 2009; 
 
 
 
  *  a change in the Company's investment policy providing for a refocus as a 
  commodities themed portfolio with RMF Investment Management continuing as 
  Investment Adviser and subject to a minimum viable size of approximately GBP40 
  million (or such higher or lower threshold amount as the Board in its absolute 
  discretion determines); and 
 
 
 
  *  a change in the Company's Articles of Association providing for, amongst other 
  things, the provision of a fixed continuation vote in 2010 with accelerated cash 
  exit proposals if such continuation vote is not approved. 
 
 
 
The Board expects a circular to be posted to Shareholders in late June 2009 (or 
shortly thereafter) which will contain further details of the Reorganisation 
Proposals.  Shareholders who wish to remain invested in the Company are advised 
to take no action at this time. 
 
 
Enquiries: 
 
 
+--------------------------------+---------------------------------------------+ 
| Ana Haurie / Robin Bowie       | Tel: +44 (0) 20 7822 2260                   | 
| Dexion Capital Plc             |                                             | 
|                                |                                             | 
+--------------------------------+---------------------------------------------+ 
| Anthony Payne                  | Tel: +44 (0) 20 3178 6869                   | 
| Peregrine Communications Group |                                             | 
|                                |                                             | 
+--------------------------------+---------------------------------------------+ 
| Gary Gould / Stuart Klein      | Tel: +44 (0) 20 7678 8000                   | 
| RBS Hoare Govett Limited       |                                             | 
|                                |                                             | 
+--------------------------------+---------------------------------------------+ 
Terms used in this announcement shall, unless the context otherwise requires, 
bear the meanings given to them in the Circular dated 31 March 2009. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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