HSGU Hsbc Icav Gl Su

 

TIDMHSGU TIDMHSGS 
 
RNS Number : 8395F 
HSBC Global Absolute Limited 
20 January 2010 
 

20 January 2010 
Results of Tender Offer 
HSBC Global Absolute Limited (the "Company") offered to repurchase up to 10 per 
cent of its issued Shares excluding Treasury Shares as at 31 December 2009.  The 
Company announces that it has accepted in full the following Shares tendered to 
it, at the prices per Share set out below (these being the applicable Net Asset 
Values per Share as at 31 December 2009): 
  *  3,449,905 US Dollar Shares at a price of USD 1.9923 per US Dollar Share. 
  *  1,260,118 Sterling Hedged Shares at a price of GBP 1.0769 per Sterling Hedged 
  Share. 
  *  1,014,482 Euro Hedged Shares at a price of Euro 1.5568 per Euro Hedged Share. 
 
The purchase of Shares under the tender offer will take place on 28 January 
2010. Payments through CREST, in the case of uncertificated holders, are 
expected to be made by 29 January 2010, and CREST accounts settled on the same 
date. Payments to Shareholders by cheque, in the case of certificated holders, 
are expected to be despatched by 29 January 2010, and balancing share 
certificates despatched on the same date. 
 The tender offer was oversubscribed and Shareholders who tendered had their 
basic entitlement (10 per cent of their Shares) satisfied in full and their 
election for further Shares was scaled back on a pro rata basis. 
The Company currently holds 3,446,463 US Dollar Shares, 1,111,337 Sterling 
Hedged Shares and 141,792 Euro Hedged Shares in treasury. All tendered US Dollar 
Shares, Sterling Hedged Shares and Euro Hedged Shares will be cancelled. In 
addition the company will cancel 500,000 US Dollar Shares currently held in 
treasury. Therefore, following this tender offer, the Company will hold 
2,946,463 US Dollar Shares, 1,111,337 Sterling Hedged Shares and 141,792 Euro 
Hedged Shares in treasury. 
Immediately following completion of the tender offer the Company's Issued Share 
Capital will consist of 31,049,225 US Dollar Shares (excluding Treasury Shares), 
11,291,082 Sterling Hedged Shares (excluding Treasury Shares), and 8,263,856 
Euro Hedged Shares (excluding Treasury Shares). Accordingly, the total number of 
voting rights in the Company immediately following the tender offer is 
50,604,163 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. 
Paul Wrench - HSBC Management (Guernsey) Limited - 01481 759 000 
Noel von Kaltenborn - HSBC Alternative Investments Limited - 020 7860 3067 
END 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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