Last checked at 
10 Jan 2011 07:00
10 January 2011
HSBC Infrastructure Company Limited
Conversion of C Shares
HSBC Infrastructure Company Limited ("HICL" or the "Company") is pleased to announce that, following admission of the C Shares to the Official List and to trading on the London Stock Exchange on 15 December 2010, the assets attributable to the C Shares have now been invested. In accordance with the terms of the C Shares, the Directors have determined that the Calculation Time for the conversion of the C Shares into Ordinary Shares is 7 January 2011 and, therefore, the conversion will be made on the basis of the respective net asset values of the C Shares and Ordinary Shares as at the close of business on 7 January 2011.
The expected timetable for conversion is as follows:
Conversion Ratio announced | 13 January 2011
|
Record date for Conversion and C Share register closes
| 14 January 2011 |
Conversion time and dealings in new shares commence
| 17 January 2011 |
Crediting of CREST accounts with new shares
| 17 January 2011 |
Shares certificates in respect of new shares despatched
| Week commencing 17 January 2011 |
Further details of the conversion and rights attaching to the C Shares are set out in the Company's prospectus in relation to the placing, open offer and offer for subscription dated 17 November 2010 (the "Prospectus"). Terms defined in the Prospectus have the same meaning in this announcement unless otherwise defined.
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For further information, please contact:
HSBC Specialist Fund Management Limited | 020 7991 8888 |
Tony Roper | |
Keith Pickard | |
Sandra Lowe | |
Collins Stewart Europe Limited | 020 7523 8000 |
Robbie Robertson | |
Dominic Waters | |
David Yovichic | |
Lucy Lewis | |
Oriel Securities Limited | 020 7710 7600 |
Tom Durie | |
Emma Griffin | |
Gareth Price | |
M:Communications | 020 7920 2330 |
Ed Orlebar | |
Andrew Benbow |
The contents of this announcement have been prepared by and are the sole responsibility of HICL. Collins Stewart Europe Limited ("Collins Stewart") and Oriel Securities Limited ("Oriel Securities"), both of whom are regulated by the Financial Services Authority, are acting exclusively for HICL and no-one else and will not be responsible to anyone other than HICL for providing the protections afforded to the clients of Collins Stewart and Oriel Securities respectively, nor for affording advice in relation to the Issue, the contents of this announcement or any matter referred to herein.