27th May 2008 07:00
HSBC Infrastructure Company Limited
Conversion of C Shares
HSBC Infrastructure Company Limited ("HICL" or the "Company") is pleased to announce that, following admission of the C Shares to the Official List and to the London Stock Exchange on 21 May 2008, in excess of 80 per cent. of the assets attributable to the C Shares have now been invested. In accordance with the terms of the C Shares, the Directors have determined that the Calculation Time for the conversion of the C Shares into Ordinary Shares is 23 May 2008 and, therefore, the conversion will be made on the basis of the respective net asset values of the C Shares and Ordinary Shares as at the close of business on 23 May 2008.
The expected timetable for conversion is as follows:
|
Conversion Ratio announced
|
2 June 2008
|
|
Record date for Conversion and C Share register closes
|
3 June 2008 (close of business)
|
|
Conversion Time and dealings in New Shares commence
|
4 June 2008
|
|
Crediting of CREST accounts with New Shares
|
4 June 2008
|
|
Share certificates in respect of New Shares despatched
|
Week commencing 9 June 2008
|
Further details of the conversion and rights attaching to the C Shares are set out in the Company's prospectus in relation to the placing and offer for subscription dated 23 April 2008 (the "Prospectus"). Terms defined in the Prospectus have the same meaning in this announcement unless otherwise defined.
For further information, please contact:
|
HSBC Specialist Fund Management Limited
Tony Roper
Keith Pickard
Sandra Lowe
|
+44 (0) 20 7991 8888
|
|
Oriel Securities Limited
Tom Durie
Emma Ormond
|
+44 (0) 20 7710 7600
|
|
Dresdner Kleinwort Securities Limited
Dominic Waters
Robbie Robertson
David Yovichic
|
+44 (0) 20 7475 6688
|
|
M: Communications
Ed Orlebar
Tilly von Twickel
|
+44 (0) 20 7153 1530
|
The contents of this announcement have been prepared by and are the sole responsibility of HICL. Oriel Securities Limited ("Oriel Securities") and Dresdner Kleinwort Securities Limited ("Dresdner Kleinwort"), both of whom are regulated by the Financial Services Authority, are acting exclusively for HICL and no-one else and will not be responsible to anyone other than HICL for providing the protections afforded to the clients of Oriel Securities and Dresdner Kleinwort respectively, nor for affording advice, the contents of this announcement or any matter referred to herein.
Related Shares:
HICL Infrastructure