ABR Absolute Rtn S

TIDMABR

RNS Number : 9723S

Absolute Return Trust Limited

29 November 2011

Absolute Return Trust Limited (the "Company")

(a closed-ended investment company incorporated with limited liability under the laws of Guernsey with registered number 42733)

Discount Control Initiatives

29 November 2011

The Notice of Annual General Meeting for the Company dated 27 July 2011 (the "Notice") included proposals for the continuation of the Company and related discount management actions. The Notice stated, amongst other things, that the Company has the authority to offer a redemption facility to shareholders half-yearly (at end-March and end-September) on an on-going basis and that it was the Board's then current intention, subject to market conditions, to offer the redemption facility for up to 6% of the issued share capital of the Company per annum (calculated on a per share class basis), commencing in 2012.

The board of directors of Absolute Return Trust Limited (the "Board") announces that it has resolved to make the redemption facility available to shareholders on 31 March 2012. The Company will give effect to redemption requests for up to 6% of each holder's holding of Shares (calculated as at 27 January 2012 on a per share class basis).

The Board will offer the redemption facility to shareholders on the terms set out in the redemption notice form and in accordance with, and subject to, the Company's articles of incorporation.

Shareholders with certificated shares may make redemption requests on a redemption notice form which can be obtained from the Company's website or from Computershare Investor Services, the Company's Registrar. Any questions regarding the redemption notice form should be directed to Computershare Investor Services PLC by telephoning 0870 707 4040. The completed redemption notice form must be delivered to the Company, at the Receiving Agent's address, Computershare Investor Services PLC, Corporate Actions Projects, Bristol, BS99 6AH no later than 65 days before the Redemption Date, being 3.00 pm on 27 January 2012. Shareholders with uncertificated shares may make requests through CREST by no later than 3.00 pm on 27 January 2012 in accordance with CREST procedures. For further details please call the above telephone number. Shareholders should note that all shares tendered for redemption will be held in escrow by Computershare Investor Services and will not be available for trading until the final number of shares to be redeemed is calculated in accordance with the timetable below.

Redemption will become effective on 31 March 2012. The redemption monies payable in respect of redemption of any certificated shares will be paid to the holder (or in the case of joint holders, the holder whose name stands first in the register in respect of the shares) by cheque despatched within 10 business days of the completion of the calculations of the Net Asset Value of the Company as at 31 March 2012 (or as soon as practicable) or, if later, within 10 business days of the receipt of the certificate(s) (if any have been issued) or an indemnity in a form satisfactory to the Board in lieu of the certificate(s) in respect of the shares being redeemed. The calculation of the Net Asset Value of the Company as at 31 March 2012 is expected to be completed on or around 30 April 2012 and payment is consequently expected to be made by 15 May 2012. All shares will be released from escrow during the week commencing 6 February 2012.

If a holder whose certificated Shares are to be redeemed fails to deliver the certificate(s) (if issued) for those shares to the Company, the Company may retain the redemption monies until such certificate is delivered.

The redemption monies payable in respect of the redemption of any uncertificated shares will be payable within 10 business days of completion of the calculations of the Net Asset Value of the Company as at 31 March 2012 (or as soon as practicable) to the holder by such method as may be determined by the Board.

Shareholders should note that the redemption facility is operated at the sole discretion of the Board and the Board makes no recommendation as to whether shares should be redeemed. If you are in any doubt as to what action to take, you are recommended to seek financial advice from your independent professional adviser authorised under the Financial Services and Markets Act 2000.

A redemption notice form, once served on the Company or its agents may not be withdrawn without the written consent of the Company.

Expected timetable for redemptions:

Latest date for receipt of redemption notice form and submission of relevant instruction or share certificate (as appropriate) - 27 January 2012

Announcement of Results of Redemption Requests - 30 January 2012

Redemption Date - 31 March 2012

31 March 2012 Net Asset Value publication - on or around 30 April 2012

Redemption monies paid - within 10 business days from the publication of the 31 March 2012 Net Asset Valuation; expected to be on or before 15 May 2012

For enquiries, please contact:

Fauchier Partners

Peter Vincent

Tel: +44 (0) 20 7009 9100

JPMorgan Cazenove Limited

Charles Stagg

Tel: +44 (0) 20 7155 8121

This information is provided by RNS

The company news service from the London Stock Exchange

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