Conversion of Shares
23 October 2008 - 11:49PM
UK Regulatory
RNS Number : 5483G
HSBC Global Absolute Limited
23 October 2008
HSBC GLOBAL ABSOLUTE LIMITED (THE "COMPANY")
St. Martins House
Le Bordage
St. Peter Port
Guernsey
GY1 1BP
23 October 2008
Regulatory News Service
London Stock Exchange
London
EC2N 1HP
Conversion of Shares
The Company announces that valid conversion notices have been received in respect of the September 2008 Conversion Date relating to the
following shares:
- 12,000 US Dollar Shares to be converted to Sterling Hedged Shares.
The conversion calculations were based on the net asset values per share of the Sterling Hedged Shares and US Dollar Shares as at 30
September 2008, which were GBP 0.9971 and USD 1.8467 respectively. On 21 October 2008 the above shares were converted to:
- 12,289 Sterling Hedged Shares.
The conversion ratio was 1.024083 Sterling Hedged Shares for each US Dollar Share.
The Company has made an application to admit 12,289 Sterling Hedged Shares to the official list of the UK Listing Authority and to
trading on the London Stock Exchange and will make an application for admission of such Sterling Hedged Shares to the official list of the
Channel Islands Stock Exchange and to trading on the Channel Islands Stock Exchange. Dealings are expected to commence on 28 October 2008.
Following the conversion there will be 11,807,598 Sterling Hedged Shares (excluding treasury shares) and 41,265,763 US Dollar Shares
(excluding treasury shares) in issue.
Enquiries:
Robert Naylor, Teathers Limited, 020 7426 9000
Danielle Bachelet, HSBC Management (Guernsey) Limited, 01481 759 361
END.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCLXLFLVBBZFBE
Hsbc Icav Gl Su (LSE:HSGU)
Historical Stock Chart
From Jun 2024 to Jul 2024
Hsbc Icav Gl Su (LSE:HSGU)
Historical Stock Chart
From Jul 2023 to Jul 2024