Result of EGM
25 September 2008 - 12:25AM
UK Regulatory
RNS Number : 2226E
HSBC European Absolute Limited
24 September 2008
HSBC European Absolute Limited
St. Martin's House, Le Bordage, St.Peter Port, Guernsey GY1 1BP
24 September 2008
HSBC European Absolute Limited
Result of Class Meetings and EGM
The Company announces that at the two Class Meetings and EGM held today all resolutions were duly passed. Accordingly, the Liquidators,
Stephen Le Page and Nicholas Vermeulen of PricewaterhouseCoopers CI LLP, National Westminster House, Le Truchot, St Peter Port, Guernsey,
Channel Islands GY1 4ND, have now been appointed to wind up the affairs and distribute the assets in accordance with the Scheme.
Results of Elections
Sterling Shareholders made, or were deemed to have made, the following elections for cash or securities in HSBC Global Absolute Limited
("HGAL"): 4,850,277 Sterling Hedged Shares for HGAL Sterling Hedged Shares; 12,348 Sterling Hedged Shares for HGAL Euro Hedged Shares; 0
Sterling Hedged Shares for HGAL US Dollar Shares; and, 7,661,792 Sterling Hedged Shares for cash.
Euro Shareholders elected, or were deemed to have elected, as follows: 6,000 Euro Shares for HGAL Sterling Hedged Shares; 8,378,524
Euro Shares for HGAL Euro Hedged Shares; 83,087 Euro Shares for HGAL US Dollar Shares; and, 8,466,070 Euro Shares for cash.
Expected Timetable
2008
Terminal net asset value ("TAV") Calculation Date 5.00 p.m. on 28 October
Transfer Date 29 October
HGAL Euro Hedged Shares, Sterling Hedged Shares 29 October
and US Dollar Shares allotted
HGAL Securities credited to CREST accounts Week commencing 3 November
Cheques expected to be dispatched to Sterling Week commencing 3 November
Hedged and Euro Shareholders
CREST accounts to be credited with cash Week commencing 3 November
HGAL Securities expected to be issued in Week commencing 3 November
certificated form
Definitions
Words and expression which are defined in the Circular dated 27 August 2008 bear the same meanings when used in this announcement.
Click on, or paste the following link into your web browser, to view the
associated PDF document. http://www.rns-pdf.londonstockexchange.com/rns/1859C_-2008-8-28.pdf
For further information please contact:
Noel von Kaltenborn, HSBC Alternative Investments Ltd 020 7860 3067
Paul Fincham , Jonathan Becher, Robert Naylor, Landsbanki Securities (UK) Ltd 020 7426 9000
END.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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