HSGU Hsbc Icav Gl Su

 

TIDMHSGU TIDMHSGS 
 
RNS Number : 1137B 
HSBC Global Absolute Limited 
20 October 2009 
 

HSBC Global Absolute Limited 
St. Martins House 
Le Bordage 
St. Peter Port 
Guernsey 
GY1 1BP 
 
 
 
 
HSBC GLOBAL ABSOLUTE LIMITED (THE "COMPANY") 
 
 
Conversion of Shares 
 
 
The Company announces that valid conversion notices have been received in 
respect of the 30 September 2009 Conversion Date relating to the following 
Shares: 
 
 
  *  759,058 Sterling Hedged Shares, for conversion to US Dollar Shares; 
  *  800 Sterling Hedged Shares, for conversion to Euro Hedged Shares; 
  *  1,900,969 US Dollar Shares, for conversion to Sterling Hedged Shares; 
  *  418,205 US Dollar Shares, for conversion to Euro Hedged Shares; and 
  *  500,000 Euro Hedged Shares, for conversion to US Dollar Shares, 
 
The conversion calculations will be based on the net asset values per share of 
the US Dollar Shares, Sterling Hedged Shares and Euro Hedged Shares as at 30 
September 2009, being USD1.9590, GBP1.0585 and EUR1.5347 respectively. On 21 
October 2009 the above Shares are to be converted to: 
 
 
  *  659,912 US Dollar Shares; 
  *  605 Euro Hedged Shares; 
  *  2,186,565 Sterling Hedged Shares; 
  *  364,859 Euro Hedged Shares; and 
  *  573,101 US Dollar Shares. 
 
 
 
The conversion ratios were: 
  *  0.869 US Dollar Shares for each Sterling Hedged Share; 
  *  1.150 Sterling Hedged Shares for each US Dollar Share; 
  *  0.756 Euro Hedged Shares for each Sterling Hedged Share; 
  *  1.146 US Dollar Shares for each Euro Hedged Share; and 
  *  0.872 Euro Hedged Shares for each US Dollar Share. 
 
The Company has made an application to admit 1,233,013 US Dollar Shares, 
2,186,565 Sterling Hedged Shares and 365,464 Euro Hedged Shares to the official 
list of the UK Listing Authority and to trading on the London Stock Exchange and 
will make an application for admission of such Shares to the official list of 
the Channel Islands Stock Exchange and to trading on the Channel Islands Stock 
Exchange. Dealings are expected to commence on 21 October 2009. 
 
 
Following the conversion the Company's share capital will be is 
56,328,668 redeemable participating preference shares of 1p (excluding treasury 
shares), consisting of 34,499,130 US Dollar Shares (excluding treasury shares), 
12,551,200 Sterling Hedged Shares (excluding treasury shares), and 
9,278,338 Euro Hedged Shares (excluding treasury shares). 
 
 
Accordingly, the total number of voting rights in the Company following the 
conversion will be 56,328,668 and this figure may be used by shareholders as the 
denominator for the calculations by which they will determine if they are 
required to notify their interest in, or a change to their interest in the 
Company under the FSA's Disclosure and Transparency Rules. 
 
 
Enquiries: 
 
 
Danielle Bachelet, HSBC Management (Guernsey) Limited, 01481 759 000 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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