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Name | Symbol | Market | Type |
---|---|---|---|
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 |
RNS Number:5979I HSBC Global Absolute Limited 06 September 2006 HSBC Global Absolute Limited HSBC Private Bank Building, Rue du Pre, St Peter Port, Guernsey GY1 1LU 6 September 2006 Notice to the London Stock Exchange and the Channel Islands Stock Exchange regarding redemption of shares in HSBC Global Absolute Limited Shareholders will be aware that the Directors of HSBC Global Absolute Limited (the "Company") have discretion to offer periodic limited redemption of shares (the "Redemption Facility") at prevailing Net Asset Value ("NAV"). The Directors have determined that the Company will not offer the Redemption Facility to shareholders as at 31 December 2006. In reaching this decision, the Directors noted that; 1. trading in the Company's shares has been active and recently at a premium to NAV; 2. it is not considered currently in shareholder interests to redeem shares at NAV when shares could be realised at a higher market price; 3. new shares in the Company have recently been issued to meet demand; 4. the portfolio is fully invested and has protected capital well in turbulent markets since inception; and 5. in the Directors' opinion the quality and diversification evident in the Company's portfolio means that it is well positioned to facilitate growth in NAV. Shareholders should not infer that this determination by the Company's Directors in any way implies that in future the Directors either will or will not use their discretion to offer the Redemption Facility to shareholders. At any relevant future date, the Directors will take into account the then prevailing circumstances. Paul Wrench Managing Director HSBC Management (Guernsey) Limited HSBC Private Bank Building, Rue du Pre, St Peter Port, Guernsey GY1 1LU This information is provided by RNS The company news service from the London Stock Exchange END MSCILFERAIIRIIR
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