Conversion of Shares Notice
June 12 2009 - 12:02PM
UK Regulatory
TIDMCMAE TIDMCMAU TIDMCMAS
RNS Number : 8541T
CMA Global Hedge PCC Ltd
12 June 2009
CMA Global Hedge PCC Ltd.
12 June 2009
Conversion of Shares
SHAREHOLDERS SHOULD NOTE THAT IF THEY ELECT TO CONVERT ORDINARY SHARES THEY WILL
BE UNABLE TO DEAL IN THOSE ORDINARY SHARES IN THE PERIOD BETWEEN GIVING NOTICE
OF CONVERSION (INCLUDING SUBMITTING THE RELEVANT USE INSTRUCTION) AND THE ACTUAL
DATE OF CONVERSION.
FURTHERMORE, ANY ORDINARY SHARES SUBMITTED FOR REDEMPTION IN THE JUNE REDEMPTION
OFFER WILL NOT BE ELIGIBLE TO PARTICIPATE IN THE JUNE 2009 CONVERSION PROCESS
In order to offer investors flexibility of investment currency, CMA Global Hedge
PCC Limited (the "Company") has three classes of Shares - denominated in Euros,
US Dollars and Sterling. The Company's Articles of Association ("Articles")
incorporate provisions enabling Shareholders of any one class of Shares to
convert all or part of their holding into Shares of any other class as at the
NAV Calculation Date referable to the months of June and December in each year
(each a "Conversion Calculation Date").
Such conversion will be on the basis of the ratio of the Net Asset Value ("NAV")
of the class of Shares to be converted from (less the costs of effecting such
conversion), to the NAV of the class of Shares to be converted to (each as at
the relevant NAV Calculation Date) and otherwise as set out in the Articles.
Shareholders may convert Shares of any class into Shares of any other class by
giving not less than 4 business days notice to the Company in advance of the
relevant Conversion Calculation Date.
Holders of uncertified Shares can convert their holdings by sending a USE
message to Capita Registrars, using the CREST information provided below:
CREST ID - RA10
MEMBER ACCOUNT:
STERLING TO EURO - GBP2EUR
STERLING TO US DOLLAR - GBP2USD
EURO TO STERLING - EUR2GBP
EURO TO US DOLLAR - EUR2USD
US DOLLAR TO STERLING - USD2GBP
US DOLLAR TO EURO - USD2EUR
In the case of Ordinary Shares held in certified form, a Conversion Notice will
be available on request from the Company's Registrars at the following address:
Capita Registrars
The Registry
34 Beckenham Road
Beckenham
Kent BR3 4TU
United Kingdom
Tel: 0870 162 3100
From Overseas: +44 208 639 2157
To be valid, the Conversion Notice and, where relevant, the appropriate Share
certificate, must be received at the above address at least 4 business days
before the relevant Conversion Calculation Date. In addition, in the case of
Shares held in uncertificated form, the relevant USE instruction must also be
submitted at least 4 business days before the relevant Conversion Calculation
Date.
Shareholders should note, however, that fractions of Shares arising on
conversions will be rounded down hence the aggregate Net Asset Value of those
Shares held after conversion may be less than before such conversion.
Shareholders should also note that if they elect to convert Shares they will be
unable to deal in those Shares in the period between giving notice of conversion
and the actual date of conversion which may be 35 business days or longer. Such
notice once given shall be irrevocable without the consent of the Directors.
This notice is for information only. Any Shareholder who is in any doubt whether
or not to convert is recommended to contact an independent financial adviser.
Expected timetable:
+------------------------------------+------------------------------------+
| Latest time and date for receipt | 1 p.m. 24 June 2009 |
| of Conversion Notice and | |
| submission of relevant USE | |
| instruction or Share certificate | |
| (as appropriate) | |
+------------------------------------+------------------------------------+
| Conversion Calculation Date | 30 June 2009 |
+------------------------------------+------------------------------------+
| Conversion Date | 18 August 2009 |
+------------------------------------+------------------------------------+
Enquiries:
Jenny Le CheminantTel: +44 (0) 1481 707211
HSBC Securities Services (Guernsey) Limited
-end-
This information is provided by RNS
The company news service from the London Stock Exchange
END
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