Conversion of C Shares

RNS Number : 1788F

HSBC Infrastructure Company Limited

08 January 2010

 



HSBC Infrastructure Company Limited

8 January 2010

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 trading on the London Stock Exchange on 16 December 2009, 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 7 January 2010 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 7 January 2010.

The expected timetable for conversion is as follows:

Conversion Ratio announced	13 January 2010
Record date for Conversion and C Share register closes	14 January 2010 (close of business)
Conversion Time and dealings in New Shares commence	15 January 2010
Crediting of CREST accounts with New Shares	15 January 2010
Share certificates in respect of New Shares despatched	Week commencing 18 January 2010

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 12 November 2009 (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]
Collins Stewart Europe Limited David Yovichic Dominic Waters Robbie Robertson	[phone]
Oriel Securities Limited Tom Durie Gareth Price	[phone]
M: Communications                       Ed Orlebar James Hill	[phone]

The contents of this announcement have been prepared by and are the sole responsibility of HICL. Collins Stewart Europe Limited ("Collins Stewart") and Oriel Securities Limited ("Oriel Securities"), 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 Collins Stewart and Oriel Securities respectively, nor for affording advice in relation to the Issue, the contents of this announcement or any matter referred to herein.

 

END

 

 

MSCKKODNKBKDODK