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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Newstar Rbc 3Xe | LSE:H3XE | London | Ordinary Share | GG00B1FBH925 | RED PREF SHS NPV (3X EUR) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.15 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMH3XS TIDMH3XU TIDMH3XE RNS Number : 3025O New Star RBC Hedge250 IDX (3X GBP) 04 March 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) 4 March 2009 CONVERSION FACILITY Conversion Day The Company's Articles of Association incorporate provisions to enable Shareholders to submit a written request to the Company (a "Conversion Request") to convert some or all of their Shares in one Class into Shares of any other Class with the same Cell on the last Business Day of March, June, September and December in each year or such other days as the Directors may determine (each a "Conversion Day") by giving at least 5 Business Day's notice (a "Share Conversion"). The next Conversion Day will be 31 March 2009. Conversion Procedure A Conversion Request must specify the number and Class of Shares to be converted from (the "first class") and the Class of Shares into which they are to be converted to (the "new Class"). Once given, a Conversion Request will be irrevocable without the consent of the Directors. Share Conversions will be effected by redeeming the Shares of the first Class and the issue of Shares of the new Class. Shares of the first Class will be converted into Shares of the new Class by reference to the ratio of the most recently published NAV per Share of the relevant Share Classes, adjusting for currency movements (the "Conversion Ratio"). The Board may at any time set a maximum number of Shares of a Class which may be converted on any Conversion Date and may change such maximum in their absolute discretion from time to time. If this limit is exceeded, the number of Shares in a Conversion Request will be reduced pro rata and the request for the conversion will be deemed not to apply to the balance of the Shares in the Conversion Request. The costs of conversions are expected to be minimal and will be borne by the Company. However, the Directors reserve the right to vary the calculation of the Conversion Ratio such that Shareholders making Share Conversions will bear the costs of the conversion. A Shareholder electing to convert Shares will be unable to deal in those Shares in the period between submitting a Conversion Request and the actual date of conversion. Under the Articles of Association the Directors have the discretion to postpone Share Conversions for such period as they see fit. Shareholders will not be permitted to convert Shares in one Cell for Shares in another Cell. Conversions will be intra-Cell only due to the complexities of the swap arrangements employed by the Cells for the purpose of fulfilling the Company's investment objective. On 14 January 2009 the Company announced its intention to compulsorily redeem the 3X Shares at Net Asset Value per Share on 1 April 2009. Accordingly, the 3X Shares will not be eligible to participate in the 31 March 2009 Share Conversion. All Share Conversions will take place in accordance with, and are subject to, the Articles of Association. Shares held in uncertificated form A Conversion Request in respect of Shares held in uncertificated form must be accompanied by the submission of the relevant USE instruction no later than 5.00pm on 24 March 2009. Shares held in certificated form A Conversion Request in respect of Shares held in certificated form must be accompanied by the relevant share certificate and must arrive at the following address no later than 5.00pm on 24 March 2009: Capita Registrars Limited The Registry 34 Beckenham Road Beckenham Kent BR3 4TH Tax consequences The Directors have been advised that under the current UK tax legislation, a conversion of Shares of any Class in the Company into Shares of any other Class or Classes within the same Cell in the Company should not be treated, for the purposes of UK taxation of chargeable gains, as crystallising either any disposal of the converted Class of Shares or any acquisition of the other Class or Classes of Shares. The Shares of the latter Class or Classes should be treated, for those purposes, as having been acquired for the same consideration, and at the same time, as the Class of Shares that the Shareholder has chosen to convert, so that the capital gains tax base cost of the Shares arising from the conversion would be the same as the base cost of the Shares which the Shareholder has elected to convert. If any Shareholder is in any doubt as to their taxation position they are strongly recommended to consult their professional adviser without delay. Expected Timetable +----------------------------------------+-------------------------------+ | Latest date for receipt of Conversion | 5.00 p.m. on 24 March 2009 | | Requests and submission of the | | | relevant USE instruction or share | | | certificate (as appropriate) | | | | | +----------------------------------------+-------------------------------+ | Conversion Day | 31 March 2009 | | | | +----------------------------------------+-------------------------------+ | Expected date that CREST accounts will | 15 April 2009 | | be debited / credited pursuant to | | | Share Conversions | | | | | +----------------------------------------+-------------------------------+ | Expected date that new Share | 15 April 2009 | | certificates and any balancing Share | | | certificates will be despatched | | +----------------------------------------+-------------------------------+ Enquiries Alison Bilham, HSBC Securities Services (Guernsey) Limited Tel: + 44 (0)1481 707213 This information is provided by RNS The company news service from the London Stock Exchange END CONSSMFFLSUSELD
1 Year Newstar Rbc 3Xe Chart |
1 Month Newstar Rbc 3Xe Chart |
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