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Name | Symbol | Market | Type |
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Hsbc Icav Gl Su | LSE:HSGU | London | Exchange Traded Fund |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.021 | 0.20% | 10.457 | 10.45 | 10.464 | 0 | 16:35:15 |
TIDMHSGU TIDMHSGS RNS Number : 4932S HSBC Global Absolute Limited 19 May 2009 HSBC Global Absolute Limited St Martins House, Le Bordage, St Peter Port, Guernsey, GY1 1BP 19th May 2009 HSBC Global Absolute Limited ("the Company") announces that at the Annual General Meeting held on 18 May 2009, in addition to the ordinary business dealt with at that Annual General Meeting, two special resolutions were passed (1) approving the renewal of the Company's tender facility and (2) authorising the Company to make market acquisitions of its own shares. The texts of the special resolutions are as follows: "THAT the Company be authorised in accordance with The Companies (Guernsey) Law, 2008 (as amended) to make market acquisitions (within the meaning of section 316 of The Companies (Guernsey) Law, 2008) of redeemable participating preference shares designated as US Dollar shares ("US Dollar Shares"), Sterling Hedged shares ("Sterling Hedged Shares") and Euro Hedged shares ("Euro Hedged Shares") pursuant to the tender offer facility described in article 3 of its Articles of Association ("Articles"), providing that the maximum number of US Dollar Shares, Sterling Hedged Shares and Euro Hedged Shares hereby authorised to be purchased by way of tender offer is an amount equal to, in aggregate, 24.99 per cent. of the US Dollar Shares, 24.99 per cent. of the Sterling Hedged Shares and 24.99 per cent. of the Euro Hedged Shares in issue as at the date of the passing of this resolution. The minimum price which may be paid for a US Dollar Share, Sterling Hedged Share or Euro Hedged Share shall be 1p and the maximum price which may be paid for a US Dollar Share, Sterling Hedged Share or Euro Hedged Share pursuant to this authority shall be the Net Asset Value (as defined in the Articles) per US Dollar Share or per Sterling Hedged Share or per Euro Hedged Share as at the relevant Tender Date as set out in the Articles. Such authority shall expire at the conclusion of the 2010 annual general meeting of the Company. The Company may, prior to the expiry of such authority, enter into a contract to purchase US Dollar Shares or Sterling Hedged Shares or Euro Hedged Shares under such authority and make a purchase of US Dollar Shares or Sterling Hedged Shares or Euro Hedged Shares pursuant to any such contract. "THAT the Company be authorised in accordance with The Companies (Guernsey) Law, 2008 (as amended) to make market acquisitions (within the meaning of section 316 of The Companies (Guernsey) Law, 2008) of redeemable participating preference shares designated as US Dollar shares ("US Dollar Shares"), Sterling Hedged shares ("Sterling Hedged Shares") and Euro Hedged shares ("Euro Hedged Shares"), provided that the maximum number of US Dollar Shares, Sterling Hedged Shares and Euro Hedged Shares hereby authorised to be purchased is 5,580,934 US Dollar Shares, 2,537,300 Sterling Hedged Shares and 1,714,529 Euro Hedged Shares or such other lesser amounts as shall equal 14.99 per cent. of the US Dollar Shares or Sterling Hedged Shares or Euro Hedged Shares (excluding Treasury Shares) (as appropriate) in issue as at the date of the passing of this resolution. The minimum price which may be paid for a US Dollar Share or Sterling Hedged Share or Euro Hedged Share is 1p and the maximum price which may be paid for a US Dollar Share or Sterling Hedged Share or Euro Hedged Share shall be limited to an amount which must not exceed the higher of (a) 105 per cent. of the average market value for the 5 Business Days before the purchase is made and, (b) the higher price of the last independent trade and the highest current independent bid price. Such authority expires at the conclusion of the 2010 annual general meeting of the Company. The Company may, prior to the expiry of such authority, enter into a contract to purchase US Dollar Shares or Sterling Hedged Shares or Euro Hedged Shares under such authority and make a purchase of US Dollar Shares or Sterling Hedged Shares or Euro Hedged Shares pursuant to any such contract." In accordance with Listing Rule 9.6.2, a copy of the special resolutions passed at the AGM has been sent to the UK Listing Authority and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility, Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS. Definitions: Unless otherwise defined, capitalised terms used in this announcement will have the same meaning given to them in the circular containing the notice of the Annual General Meeting sent to shareholders on 17 April 2009. Enquiries: Noel von Kaltenborn, HSBC Alternative Investments Limited, 020 7860 3067 This information is provided by RNS The company news service from the London Stock Exchange END AGMGUUPWAUPBGUB
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