BHUE Blackrk Hdge Uk

 
TIDMBHUE 
 
BLACKROCK HEDGE SELECTOR LTD 
 
                                ("the Company") 
 
                              REDEMPTION FACILITY 
 
The Company's Articles of Association provide that if the UK Emerging Companies 
Shares are trading on the London Stock Exchange at an average discount to the 
prevailing NAV per Share over the relevant Discount Calculation Period, the 
Company may in the absolute discretion of the Directors invite UK Emerging 
Companies Shareholders to request the redemption on any Redemption Date of up 
to a maximum of 20 per cent. or such lesser maximum percentage as the Directors 
in their absolute discretion may from time to time specify (the "Basic 
Entitlement") of the UK Emerging Companies Shares in issue at the relevant 
Redemption Notification Date (excluding any Shares held in treasury). 
Redemption proceeds will be calculated based on the UK Emerging Company Share 
Class NAV as at the relevant Redemption Valuation date. 
 
As stated in the Circular dated 21 March 2013, the Directors intend to use 
their discretion to implement the Redemption Facility with respect to a 
Redemption Valuation Date if the UK Emerging Companies Shares have traded at a 
discount to Net Asset Value during the calendar quarter ending on the previous 
Redemption Valuation Date (the "Discount Calculation Period"). The UK Emerging 
Companies Shares will be deemed to have traded at a discount to Net Asset Value 
per Share during the relevant Discount Calculation Period where, on average 
across all trading days in such Discount Calculation Period, the closing price 
at the end of each day is lower than the most recently announced Net Asset 
Value available in the market on that day. 
 
For the Discount Calculation Period for the Company for the December Redemption 
(1 July 2014 to 30 September 2014), the Company's UK Emerging Companies Shares 
traded at an average discount of 2.1% and therefore the Directors have 
determined to exercise their discretion to implement the Redemption Facility, 
with the next Redemption Valuation Date being 31 December 2014. It is expected 
that shareholders will receive proceeds of the redemption on or around 16 
January 2015. 
 
In reaching a decision as to whether to participate in the December 2014 
Redemption Opportunity, shareholders should be aware that, as announced on 5 
September 2014, the Board of BlackRock Hedge Selector Ltd is undertaking a 
shareholder consultation in relation to the current investment objective and 
policy of the Company's existing share class. The Company will make a further 
announcement in due course. 
 
The proceeds received by UK Emerging Companies Shareholders will be equivalent 
to the Net Asset Value of the UK Emerging Companies Shares at 31 December 2014 
less the attributable costs of redemption which the Directors may in their 
absolute discretion deem appropriate, multiplied by the number of shares held. 
 
In order to participate in the December 2014 Redemption Facility, Shareholders 
must ensure that the Redemption Form for Certificated Shareholdings (correctly 
completed and together with the relevant share certificate(s)) or the USE 
message for Uncertificated Shareholdings, as appropriate, reach Computershare 
Investor Services PLC by no later than 3.00 p.m. on 17 October 2014 (unless the 
Directors of the Company determine otherwise). CREST members and (where 
applicable) their CREST sponsors should note that the latest time at which a 
USE instruction may settle is 3.00 p.m. GMT (the CREST deadline for 
settlement). 
 
CREST information for Uncertificated Shareholders is set out below:- 
 
Participant ID of the Registrar 0RA21 
Member account ID of the Registrar HEDGESEL 
Corporate Action ISIN JE00B42J3Y72. 
 
In the case of Shares held in certificated form, a Redemption Form for 
Certificated Shareholdings may be obtained from the Company's website http:// 
www.blackrock.co.uk/BRHS/index.htm, or requested from the Company's 
 
Receiving Agent at the following address: 
 
Computershare Investor Services PLC 
Corporate Actions Projects 
Bristol 
BS99 6AH 
 
Shareholders should note that if they elect to redeem Shares they will be 
unable to deal in those Shares in the period between giving notice of intent to 
redeem and the actual date of the redemption. Once given, any such redemption 
notice shall be irrevocable without the consent of the Directors. 
 
This notice is for information only. Any Shareholder who is in any doubt 
whether or not to redeem their shares is recommended to contact an independent 
financial adviser. 
 
Defined terms used in this announcement have the same meanings attributed to 
them as in the Company's Circular dated 21 March 2013. 
 
Expected timetable: 
 
Latest date for submission of relevant USE       3.00 p.m. on 17 October 2014 
instruction(s) or receipt of the Redemption 
Form Certificated Shareholdings and share 
certificate (as appropriate) 
 
Redemption Valuation Date                        31 December 2014 
 
December 2014 Redemption Date                    Expected to be on or around 
                                                 16 January 2015 
 
Enquiries: 
 
Ian Webster 
Company Secretary 
BlackRock (Channel Islands) Limited 
Tel: 01534 600800 
Date: 1 October 2014 
 
 
END 
 

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