Conversion of Securities
09 January 2008 - 1:33AM
UK Regulatory
RNS Number:3297L
New Star RBC Hedge250 IDX (3X GBP)
08 January 2008
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)
8th January 2008
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 from Class to be Conversion ratio Shares Shares
converted to to be redeemed to be allotted
1X US Dollar Shares 1X Euro Shares 0.69374286 490,945 340,589
3X Euro Shares 3X Sterling Shares 0.75467377 16,250 12,263
The new Share capital as a result of the conversions, and the recently announced
buybacks, is set out below.
New Share capital
1X US$ Shares 134,733,598
1X Euro Shares 47,608,023
1X Sterling Shares 14,817,392
3X US$ Shares 28,735,282
3X Euro Shares 8,971,277
3X Sterling Shares 8,109,706
The Conversion Date was 31 December 2007.
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 15 January 2008.
Expected Timetable
Unconditional dealings commence 8.00 a.m. on 15 January 2008
Expected date that CREST 15 January 2008
accounts will be debited / credited
pursuant to Share Conversions
Expected date that new Share certificates
and any balancing Share certificates 15 January 2008
will be despatched
Capitalised words in this announcement bear the meanings given to them in the
Company's articles of association.
Enquiries
Alison Bilham, HSBC Securities Services (Guernsey) Limited
Tel: + 44 (0)1481 707213
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
CONSSUFLASASEEF
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