TIDMCMAE TIDMCMAU TIDMCMAS 
 
RNS Number : 6719E 
CMA Global Hedge PCC Ltd 
23 December 2009 
 

23 December 2009 
 
 
TERMINATION OF CONVERSION OF SHARES OFFERING 
 
 
 
 
According to the Circular sent to Shareholders on 27 November 2009 and following 
the Extraordinary General Meeting of CMA Global Hedge PCC Limited (the 
"Company") on 15 December 2009, the Company's Portfolio does no longer retain 
sufficient liquidity for the Manager to be able to maintain a full 
currency hedging programme. Based on the Board's proposal, the Company has 
ceased its currency hedging programme post the date of the EGM. 
 
 
The removal of the currency hedging therefore means that Shareholders will be 
exposed to subsequent fluctuations in those exchange rates. For the sake of 
clarity, the remaining invested assets of the Company are denominated in US 
Dollars so that, from on or around 15 December 2009 onwards, Shareholders have 
been exposed not only to the investment performance of those assets but also to 
fluctuations in the US Dollar/Sterling/Euro exchange rate. There may also be 
some residual exposure due to receivables/payables denominated in US Dollars. 
 
 
Following these developments the Company will not be offering a conversion 
option to the Shareholders going forward. 
 
 
Definitions 
 
 
Unless otherwise defined in this announcement, capitalised terms shall have the 
same meaning given to them in the Circular sent to Shareholders on 27 November 
2009. 
 
 
Enquiries: 
 
HSBC Securities Services (Guernsey) Limited +44 (0) 1481 707211 
Sue Saunders 
 
 
CMA +1 441 295 5929 
Keri Wong 
 
 
Financial Dynamics +44 (0) 20 7269 7200 
Rob Bailhache 
Zaman Toleafoa 
 
 
Oriel Securities Limited  +44 (0) 20 7710 7600 
Joe Winkley 
Sapna Shah 
 
 
 
 
-ends- 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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