Conversion Facility Results
03 October 2007 - 1:49AM
UK Regulatory
RNS Number:9997E
New Star RBC Hedge250 IDX (3X GBP)
02 October 2007
HEDGE ETS
New Star RBC Hedge 250 Index Exchange Traded Securities
PCC Limited
(A closed-ended investment company incorporated in Guernsey with registered
number 45501 under the provisions of The Companies (Guernsey) Laws 1994 to 1996
and The Protected Cell Companies Ordinance 1997 to 1998, as amended)
2 October 2007
CONVERSION FACILITY
New Star RBC Hedge 250 Index Exchange Traded Securities PCC Limited ("Hedge ETS
") announces that it has received Conversion Requests and effected Share
Conversions as set out below.
Class to be converted Class to be converted to Conversion ratio Shares to be redeemed Shares to be allotted
from
1X Euro Shares 1X Sterling Shares 0.71217568 151,515 107,905
1X Sterling 1X US$ Shares 2.04336187 7,919,191 16,181,772
3X US$ Shares 3X Sterling Shares 0.49022297 598,828 293,559
3X Sterling Shares 3X Euro Shares 1.40379713 90,250 126,692
The new Share capital as a result of the conversions is set out below.
New Share capital
1X US$ Shares 138,794,543
1X Euro Shares 53,676,946
1X Sterling Shares 14,817,392
3X US$ Shares 31,075,282
3X Euro Shares 9,032,527
3X Sterling Shares 8,364,656
The Conversion Date was 28 September 2007, subject to admission of the newly
allotted shares to trading on the London Stock Exchange.
Following admission of the newly allotted shares to trading on the London Stock
Exchange, the Company's total issued share capital will consist of 255,761,346
shares.
An application has been made for the new Shares allotted pursuant to the Share
Conversions to be admitted to the Official List of the FSA and to unconditional
trading on the London Stock Exchange's market for listed securities at 8.00 a.m.
on 8 October 2007.
Expected Timetable
Unconditional dealings commence 8.00 a.m. on 8 October 2007
Expected date that CREST accounts will be debited / credited 8 October 2007
pursuant to Share Conversions
Expected date that new Share certificates and any balancing 8 October 20007
Share certificates will be despatched
Capitalised words in this announcement bear the meanings given to them in the
Company's articles of association.
Enquiries
Alison J Bilham, HSBC Securities Services (Guernsey) Limited
Tel: + 44 (0)1481 707213
This information is provided by RNS
The company news service from the London Stock Exchange
END
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