RNS Number : 2089C
  New Star RBC Hedge250 IDX (1X GBP)
  28 August 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)

    28 August 2008

    REDEMPTION PRICE

    The Company's Articles of Association incorporate provisions to enable Shareholders, at the Directors' discretion, to redeem up to 100
per cent of their Shares for cash on the first business day of January or July in each year or up to 50 per cent of their Shares for cash on
the first business day of April or October in each year. 

    On 6 March 2008 the Company announced that it had received the following redemption requests in respect of the 1 July 2008 redemption: 

    
 Shares Class         No of shares
 1X US Dollar shares    33,344,200
 1X Euro shares         11,794,585
 1X Sterling shares      1,070,540
 3X US Dollar shares     1,260,000
 3X Euro shares          2,207,414
 3X Sterling shares         50,000


    The price at which the above shares will be redeemed (being the net asset value per share of the relevant class at 30 June 2008, less
direct costs) is as follows:

    
 Shares Class         Redemption Price
 1X US Dollar shares         US$1.0165
 1X Euro shares              EUR1.0085
 1X Sterling shares            �1.0273
 3X US Dollar shares         US$0.9175
 3X Euro shares              EUR0.9073
 3X Sterling shares            �0.9284


    It is expected that redemption proceeds will be dispatched on or about 1 September 2008.

    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 
 
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