Statement re Trail Commission
02 Noviembre 2011 - 3:43AM
UK Regulatory
TIDMBARS TIDMBARE TIDMBARU
BLACKROCK ABSOLUTE RETURN STRATEGIES LTD
("the Company")
TRAIL COMMISSIONS
As set out in the Company's prospectus dated 4 April 2008 ("the Prospectus)
each Qualifying Investor, (as defined in the Prospectus) is entitled for a
period of five years from 1 May 2008 to receive trail commission at a rate
equivalent to 0.5 per cent. per annum of the Net Asset Value attributable to
the Shares of the relevant class subscribed by such Qualifying Investor. Such
commission will be calculated semi-annually based on the average Net Asset
Value attributable to the relevant Shares over the six month period preceding
each Eligibility Date, referable to the dates of 30 April and 31 October in
each year commencing on 31 October 2008 and ending on 30 April 2013, and will
be paid semi-annually in arrear by BlackRock (Channel Islands) Limited, ("the
Manager").
Unless the Manager agrees otherwise with a particular Qualifying Investor,
trail commissions will only be payable to Qualifying Investors in respect of
any Shares subscribed pursuant to the placing and offer for subscription of
Shares in the Company on the terms contained in the Prospectus and Application
Form ("the Offer") and must be claimed, together with such proof supporting the
claim as the Manager may require at its discretion, within 30 calendar days of
the relevant Eligibility Date. Trail commissions will be paid within 60 days of
receipt of a valid claim and the Manager reserves the right to pay the trail
commission in a currency of its choosing. Trail commissions not claimed within
the relevant period will be forfeited. No trail commission will be paid to
investors who are not Qualifying Investors. Unless the Manager agrees otherwise
with a particular Qualifying Investor, the trail commission will only be paid
to a Qualifying Investor in respect of those Shares acquired by the Qualifying
Investor in the Offer and which remain held by the Qualifying Investor on the
relevant Eligibility Date. Trail commissions will not be paid in respect of any
Shares disposed of before an Eligibility Date even if the Shares are
subsequently repurchased. Trail commissions will not be pro-rated to take
account of Shares disposed of between Eligibility Dates. Separately, and in
addition, a Qualifying Investor may itself direct that all or part of any trail
fees otherwise payable to it should instead be paid to one or more third
parties, including financial intermediaries.
In certain circumstances the Manager may agree variations in these terms with
certain investors and/or in certain territories.
A Trail Commission Claim and Instruction Form may be obtained from the
Company's website http://www.blackrockinternational.com/bars, or requested
from the Company's Trail Fee Administrator at the following address:
The Trail Fee Administrator
Computershare Investor Services (Jersey) Limited
Re: BlackRock Absolute Return Strategies Ltd
Queensway House
Hilgrove Street
St Helier
Jersey JE1 1ES
This notice is for information only. Any Shareholder who is in any doubt
whether they are entitled to claim trail commission is recommended to contact
an independent financial adviser.
Enquiries:
Ian Webster
Company Secretary
BlackRock (Channel Islands) Limited
Tel: 015 3460 0802
Date: 2 November 2011
Notes:
* Defined terms used in this notice and the Trail Commission Claim and
Instruction Form shall have the same meanings as in the prospectus relating
to BlackRock Absolute Return Strategies Ltd dated 4 April 2008.
END
Blackrck AB $ (LSE:BARU)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Blackrck AB $ (LSE:BARU)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
Real-Time news about Blackrck AB $ (London Stock Exchange): 0 recent articles
Más de Blackrck AB $ Artículos de Noticias