Conversion of Securities
July 04 2008 - 6:29AM
UK Regulatory
RNS Number : 3498Y
New Star RBC Hedge250 IDX (1X GBP)
04 July 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)
4 July 2008
CONVERSION FACILITY
New Star RBC Hedge 250 Index Exchange Traded Securities PCC Limited ("Hedge ETS") announces that it has received Conversion Requests and
effected Share Conversions as set out below.
Class to be converted from Class to be Conversion ratio Shares to be Shares to be allotted
converted to redeemed
1x Euro Shares 1X Sterling Shares 0.77220534 1,400,000 1,081,087
3X Euro Shares 3X Sterling Shares 0.76940154 650,000 500,111
3X Sterling Shares 3X Euro Shares 1.29971147 42,200 54,847
The new Share capital as a result of the conversions is set out below.
Shares in issue (including treasury Treasury shares
shares)
1X US$ Shares 103,992,823 11,312,258
1X Euro Shares 41,280,115 3,209,831
1X Sterling Shares 12,887,547 1,270,421
3X US$ Shares 24,205,687 2,688,774
3X Euro Shares 8,126,157 298,612
3X Sterling Shares 7,881,773 600,451
The Conversion Date was 30 June 2008.
An application has been made for the new Shares allotted pursuant to the Share Conversions to be admitted to the Official List of the
FSA and to unconditional trading on the London Stock Exchange's market for listed securities at 8.00 a.m. on 11 July 2008.
Expected Timetable
Unconditional dealings commence 8.00 a.m. on 11 July 2008
Expected date that CREST accounts will be debited 11 July 2008
/ credited pursuant to Share Conversions
Expected date that new Share certificates and any 11 July 2008
balancing Share certificates will be despatched
Capitalised words in this announcement bear the meanings given to them in the Company's articles of association.
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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