Barclays Multi-Man - Operational Support Services
* Reuters is not responsible for the content in this press release.
RNS Number:8371L
Barclays Multi-Manager Fund PLC
15 January 2008
15 January 2008
Client Number:
Dear Shareholder
Barclays Multi-Manager Fund plc (the "Company")
Operational Support Services
Since the establishment of the Company in August 2004 Barclays Wealth (a
division of Barclays Bank PLC) ("BW"), the Company's Promoter, has been
providing, at its own expense, operational support services of an administrative
nature to the Company including monitoring the activities of the Company's
delegates, providing general support services to the Company's Directors,
supporting the Company's foreign registration activities and assisting in the
preparation of the Company's reports and accounts (the "Services").
The Services are a vital component to the efficient running of the Company but
represent a significant cost to BW. BW, will, in the future be charging a fee of
up to 0.03% (three basis points) of the Net Asset Value of each Fund of the
Company to cover the cost of providing the Services.
The fee in respect of the Services will be charged to the Company with effect
from 1 February 2008, and will apply retrospectively from 1 November 2007.
Shareholders wishing to redeem their shares prior to the fees for the Services
being charged to the Company may do so on any Dealing Day on or before 31
January 2008.
If you have sold or transferred all of your shares in the Company please pass
this circular at once to the purchaser or transferee of the shares, as the case
may be, or to the stockbroker, bank or other agent through whom the sale or
transfer was affected, for transmission to the purchaser or transferee as soon
as possible.
Yours sincerely
Hugh Paul Shovlin
Chairman
This announcement has been issued through the Companies Announcement Service of
The Irish Stock Exchange.
WF-862508-v1
--------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
ISEBLGDBCGBGGIU
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.



Follow Reuters