Results of Tender Offer


 

TIDMHSGU TIDMHSGS 
 
RNS Number : 0734W 
HSBC Global Absolute Limited 
22 July 2009 
 

HSBC Global Absolute Limited 
St. Martins House 
Le Bordage 
St. Peter Port 
Guernsey 
GY1 1BP 
 
 
22 July 2009 
 
 
Results of Tender Offer 
 
HSBC Global Absolute Limited (the "Company") offered to repurchase up to 10 per 
cent of its issued Shares excluding Treasury Shares as at June 2009.  The 
Company announces that it has accepted in full the following Shares tendered to 
it, at the prices per Share set out below (these being the applicable Net Asset 
Values per Share as at 30 June 2009): 
 
 
  *  4,064,196 US Dollar Shares at a price of USD 1.8569 per US Dollar Share. 
  *  1,370,331 Sterling Hedged Shares at a price of GBP 0.9877 per Sterling Hedged 
  Share. 
  *  1,052,734 Euro Hedged Shares at a price of Euro 1.4608 per Euro Hedged Share. 
 
 
 
The purchase of Shares under the tender offer will take place on 21 July 2009. 
Payments through CREST, in the case of uncertificated holders, are expected to 
be made on 24 July 2009, and CREST accounts settled on the same date. Payments 
to Shareholders by cheque, in the case of certificated holders, are expected to 
be despatched on 24 July 2009, and balancing share certificates despatched on 
the same date. 
 
The tender offer was oversubscribed and Shareholders who tendered had their 
basic entitlement (10 per cent of their Shares) satisfied in full and their 
election for further Shares was scaled back on a pro rata basis. 
 
 
The Company currently holds 3,723,105 US Dollar Shares, 1,181,988 Sterling 
Hedged Shares and 80,000 Euro Hedged Shares in treasury. All tendered US Dollar 
Shares will be cancelled. Of the tendered Sterling Hedged Shares, 50,066 will be 
held in Treasury and 1,320,243 will be cancelled. Of the tendered Euro Hedged 
Shares, 866,519 will be held in Treasury and 186,215 will be cancelled. 
Therefore, following this tender offer, the Company will hold 3,654,125 US 
Dollar Shares, 1,232,076 Sterling Hedged Shares and 946,519 Euro Hedged Shares 
in treasury. 
 
 
Immediately following completion of the tender offer the Company's Issued Share 
Capital will consist of 36,577,832 US Dollar Shares (excluding Treasury Shares), 
12,333,090 Sterling Hedged Shares (excluding Treasury Shares), and 9,474,666 
Euro Hedged Shares (excluding Treasury Shares). Accordingly, the total number of 
voting rights in the Company immediately following the tender offer is 
58,385,588 and this figure may be used by Shareholders as the denominator for 
the calculations by which they will determine if they are required to notify 
their interest in, or a change to their interest in the Company under the FSA's 
Disclosure and Transparency Rules. 
 
 
Paul Wrench - HSBC Management (Guernsey) Limited - 01481 759 000 
 
 
Noel von Kaltenborn - HSBC Alternative Investments Limited - 020 7860 3067 
 
 
END 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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