Results of Class Meetings & EGM


 

TIDMHSGU TIDMHSGS 
 
RNS Number : 6537K 
HSBC Global Absolute Limited 
22 April 2010 
 

HSBC Global Absolute Limited 
 
Result of Class Meetings and EGM 
 
HSBC Global Absolute Limited (the "Company") announced on 25 March 2010 that the 
Company had published a Circular to its Shareholders outlining recommended 
proposals for the reconstruction and voluntary winding-up of the Company (the 
"Proposals"). The Circular also included notices of class meetings ("Class 
Meetings") and an extraordinary general meeting ("EGM") of the Company to be 
held on 22 April 2010. 
 
Unless otherwise defined, capitalised terms used in this announcement will have 
the same meaning given to such terms in the Circular of the Company dated 25 
March 2010. 
 
The Company announces that at the three Class Meetings and EGM held today all 
resolutions were duly passed. Accordingly, the Company's Shares have been 
reclassified into Reclassified Shares and the Joint Liquidators, Stephen Le Page 
and Nicholas Vermeulen of PricewaterhouseCoopers CI LLP, National Westminster 
House, Le Truchot, St Peter Port, Guernsey, Channel Islands GY1 4ND, have now 
been appointed to wind up the affairs and distribute the assets in accordance 
with the Scheme. 
 
No application has been made to the UK Listing Authority and the London Stock 
Exchange for the Reclassified Shares to be admitted to the Official List and to 
trading on the main market of the London Stock Exchange or to the Official List 
of the Channel Islands Stock Exchange and the listing of the Company's Shares 
will be cancelled with effect from 23 April 2010. 
 
The Company will therefore be wound up by means of a voluntary winding-up and 
Shareholders will have their investment in the Company rolled over into HSBC 
UCITS AdvantEdge in accordance with the proposals set out in the circular posted 
to Shareholders on 25 March 2010. 
 
 
The expected timetable for the implementation of the Scheme is as follows: 
+---------------------------------+---------------------------+ 
|                                 |                      2010 | 
+---------------------------------+---------------------------+ 
| TAV Calculation Date            |     5.00 p.m. on 22 April | 
+---------------------------------+---------------------------+ 
| Listing of Shares cancelled     |        8.00am on 23 April | 
+---------------------------------+---------------------------+ 
| Transfer Date                   |                  28 April | 
+---------------------------------+---------------------------+ 
| HADV Scheme Shares issued and   |                  30 April | 
| contract notes despatched       |                           | 
+---------------------------------+---------------------------+ 
| Dealing deadline for first HSBC |                    7 May  | 
| UCITS AdvantEdge dealing date   |                           | 
| available to holders of HADV    |                           | 
| Scheme Shares following         |                           | 
| implementation of the Proposals |                           | 
+---------------------------------+---------------------------+ 
| First HSBC UCITS AdvantEdge     |                   12 May  | 
| dealing date available to       |                           | 
| holders of HADV Scheme Shares   |                           | 
| following implementation of the |                           | 
| Proposals (weekly dealing       |                           | 
| thereafter)                     |                           | 
+---------------------------------+---------------------------+ 
| HADV Scheme Share sale proceeds |    Week commencing 17 May | 
| expected to be dispatched to    |                           | 
| Restricted Persons/ other       |                           | 
| redeeming investors*            |                           | 
+---------------------------------+---------------------------+ 
 
 * subject to any applicable anti-money laundering checks and other due 
diligence requirements being satisfied by the relevant Restricted Persons. 
 
Copies of the resolutions passed at the Class Meetings and the EGM have been 
forwarded to the FSA and will be available through the FSA's document viewing 
facility. 
 
Enquiries 
HSBC Alternative Investments 
Noel von Kaltenborn        020 7860 3067 
 
PricewaterhouseCoopers CI LLP 
Nicholas Vermeulen       01481 752 000 
 
Cenkos Securities 
Charlie Ricketts             020 7397 1910 
Peter Hindmarsh            020 7397 1983 
 
Cenkos Securities plc are acting exclusively for the Company and no one else in 
relation to the matters described in this announcement and will not be 
responsible to anyone other than the Company for providing the protections 
afforded to clients of Cenkos Securities plc or for giving advice in relation to 
this announcement or any transaction or arrangement referred to herein. 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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