Preliminary Results of Placin

RNS Number : 7288X

HSBC Infrastructure Company Limited

10 December 2010

 



10 December 2010

HSBC Infrastructure Company Limited
Preliminary Results of Placing, Open Offer and Offer for Subscription of C Shares

Not for publication, release or distribution in whole or in part in Australia, Canada, Japan or the United States

The Board of HSBC Infrastructure Company Limited (the 'Company' or 'HICL'), is pleased to announce that the Placing, Open Offer and Offer for Subscription of C Shares (the 'Issue') has now closed and that, on the basis of applications received through the Open Offer and Offer for Subscription and of indicative orders taken through the Placing, the target size for the Issue of £110.0m has been exceeded.

A further announcement providing details of the basis upon which C Shares will be allotted will be made on Monday 13 December.

Graham Picken, Chairman of HICL, said:

"We are delighted with the success of the offer, which we regard as an endorsement of the Company's strategy and a reflection of the growing importance of infrastructure as an asset class. HICL has a track record of strong performance and remains well placed to build upon the annual distributions made to shareholders."

-ends-

Enquiries:

HSBC Specialist Fund Management Limited	020 7991 8888
Tony Roper
Keith Pickard
David Foot
Erwan Fournis
Collins Stewart Europe Limited	020 7523 8000
Robbie Robertson
David Yovichic
Lucy Lewis
Dominic Waters
Neil Brierley
Will Barnett
Oriel Securities Limited	020 7710 7600
Tom Durie
Emma Griffin
Gareth Price
Neil Winward
M:Communications	020 7920 2330
Ed Orlebar
Andrew Benbow

Collins Stewart and Oriel, each of which is authorised and regulated in the United Kingdom by the Financial Services Authority, are acting for the Company and for no one else in connection with the Issue and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Collins Stewart and Oriel or for affording advice in relation to the Issue, or any other matters referred to herein.

 

END

 

 

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