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(RNS) 2009-11-03 15:25
Laxey Partners Ltd - Offer Document Posted
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RNS Number : 8809B Laxey Partners Ltd 03 November 2009

3 November 2009

TERRA CATALYST FUND

Investment Update

Terra Catalyst Fund ("TCF") (AIM: TCF) today reports that, further to the announcement by Laxey Partners Ltd ("LPL") on 13 October 2009, Terra Investments Limited has made a mandatory cash offer for the share capital of Rugby Estates Investment Trust PLC ("Rugby"), the terms and conditions of which are contained in the offer document (the "Offer Document") posted to Rugby Shareholders today.

For information purposes only, the Offer Document will shortly be available for viewing on

TCF's website: www.terracatalystfund.com/disclosures/.

  • ends-

    Enquiries to:

    Terra Catalyst Fund

    Mike Haxby, Director

    www.terracatalystfund.com Tel: +44 (0) 1624 690 900

    Quintillion Limited

    Eoghan McAteer Tel: + 353 (1) 523 8022

    Fairfax I.S. PLC

    James King / Gillian McCarthy Tel: +44 (0) 20 7598 5368

    NOTE TO EDITORS

    Terra Catalyst Fund

    Terra Catalyst Fund is a closed-ended Cayman Islands registered, exempted company established to invest in listed property companies and funds in Europe, with the objective of seeking to identify undervalued securities and actively seeking to close the valuation gap between the value at which the security is trading and its intrinsic value.

    This information is provided by RNS The company news service from the London Stock Exchange

    END

    ODPEASFDEEXNFFE

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