Conversion of C Shares

RNS Number : 2334V

HSBC Infrastructure Company Limited

27 May 2008

 



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	[phone]
Oriel Securities Limited Tom Durie Emma Ormond	[phone]
Dresdner Kleinwort Securities Limited Dominic Waters Robbie Robertson David Yovichic	[phone]
M: Communications                       Ed Orlebar Tilly von Twickel	[phone]

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.

 

END

 

 

MSCFKNKPABKDNPB