Conversion of Shares

    RNS Number : 5483G
  HSBC Global Absolute Limited
  23 October 2008
   

    HSBC GLOBAL ABSOLUTE LIMITED (THE "COMPANY")

    St. Martins House
    Le Bordage
    St. Peter Port
    Guernsey
    GY1 1BP

    23 October 2008

    Regulatory News Service
    London Stock Exchange
    London
    EC2N 1HP


    Conversion of Shares

    The Company announces that valid conversion notices have been received in respect of the September 2008 Conversion Date relating to the
following shares:

          -    12,000 US Dollar Shares to be converted to Sterling Hedged Shares.

    The conversion calculations were based on the net asset values per share of the Sterling Hedged Shares and US Dollar Shares as at 30
September 2008, which were GBP 0.9971 and USD 1.8467 respectively. On 21 October 2008 the above shares were converted to:

          -    12,289 Sterling Hedged Shares.

    The conversion ratio was 1.024083 Sterling Hedged Shares for each US Dollar Share. 

    The Company has made an application to admit 12,289 Sterling Hedged Shares to the official list of the UK Listing Authority and to
trading on the London Stock Exchange and will make an application for admission of such Sterling Hedged Shares to the official list of the
Channel Islands Stock Exchange and to trading on the Channel Islands Stock Exchange. Dealings are expected to commence on 28 October 2008.

    Following the conversion there will be 11,807,598 Sterling Hedged Shares (excluding treasury shares) and 41,265,763 US Dollar Shares
(excluding treasury shares) in issue.

    Enquiries: 

    Robert Naylor, Teathers Limited, 020 7426 9000
    Danielle Bachelet, HSBC Management (Guernsey) Limited, 01481 759 361

    END.

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