Conversion of Securities

    RNS Number : 5850L
  New Star RBC Hedge250 IDX (1X GBP)
  13 January 2009
   

    HEDGE ETS
    New Star RBC Hedge 250 Index Exchange Traded Securities
    PCC Limited
    (A closed-ended investment company incorporated in Guernsey with registered number 45501 under the provisions of The Companies
(Guernsey) Laws 1994 to 1996 and The Protected Cell Companies Ordinance 1997 to 1998, as amended)

    13 January 2009

    CONVERSION FACILITY

    New Star RBC Hedge 250 Index Exchange Traded Securities PCC Limited ("Hedge ETS") announces that it has received Conversion Requests and
affected Share Conversions as set out below.

 Class to be converted from  Class to be           Conversion ratio          Shares to be  Shares to be allotted
                             converted to                                        redeemed
 1x US Dollar Shares         1X Sterling Shares          0.72387578                84,704                 61,315
 3X US Dollar Shares         3X Sterling Shares          0.75769841                34,361                 26,035

    The Conversion Date was 31 December 2008.

    An application has been made for the new Shares allotted pursuant to the Share Conversions to be admitted to the Official List of the
FSA and to unconditional trading on the London Stock Exchange's market for listed securities at 8.00 a.m. on 19 January 2009.

    Expected Timetable

    
 Unconditional dealings commence                  8.00 a.m. on 19 January
                                                                    20009
 Expected date that CREST accounts will be                19 January 2009
 debited / credited pursuant to Share
 Conversions
 Expected date that new Share certificates and            19 January 2009
 any balancing Share certificates will be
 despatched

    Capitalised words in this announcement bear the meanings given to them in the Company's articles of association.

    Enquiries

    Alison Bilham, HSBC Securities Services (Guernsey) Limited
    Tel: + 44 (0)1481 707213

    ENDS

This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
CONCKNKDOBKDPDD