Redemption Results
May 19 2008 - 11:34AM
UK Regulatory
RNS Number : 8064U
New Star RBC Hedge250 IDX (1X GBP)
19 May 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)
19 May 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 23 January 2008 the Company announced that it had received the following redemption requests in respect of the 1 April 2008
redemption:
Shares Class No of shares
1X US Dollar shares Nil
1X Euro shares 5,907,632
1X Sterling shares Nil
3X US Dollar shares 1,000,000
3X Euro shares Nil
3X Sterling shares Nil
The price at which the above shares will be redeemed (being the net asset value per share of the relevant class at 31 March 2008, less
direct costs) is as follows:
Shares Class Redemption Price
1X Euro shares EUR0.9964
3X US Dollar shares US$0.9261
It is expected that redemption proceeds will normally be dispatched on or about 30 May 2008.
Enquiries
Alison Bilham, HSBC Securities Services (Guernsey) Limited
Tel: + 44 (0)1481 707213
This information is provided by RNS
The company news service from the London Stock Exchange
END
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