Conversion of C Shares

RNS Number : 7701B

HICL Infrastructure Company Ld

20 April 2012

 



20 April 2012

HICL INFRASTRUCTURE COMPANY LIMITED

Conversion of C Shares

The Board of HICL Infrastructure Company Limited (the 'Company') is pleased to announce that, following admission of the C Shares to the Official List and to trading on the Main Market of the London Stock Exchange on Friday, 30 March 2012, the C Share monies 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 C Shares into Ordinary Shares is today, 20 April 2012 and, as a result, the conversion will be made on the basis of the respective net asset values of the C Shares and Ordinary Shares as at close of business today.

Expected timetable

Conversion Ratio announced	Wednesday, 25 April 2012
Record date for Conversion and C Share register closes	Thursday, 26 April 2012
Dealings in new Ordinary Shares commence	Friday, 27 April 2012
Crediting of CREST accounts with new Ordinary Shares	Friday, 27 April 2012
Share certificates in respect of new Ordinary Shares despatched	Week commencing 30 April 2012

Defined words and terms used in this announcement shall have the same meaning as ascribed to them in the Company's prospectus dated 29 February 2012 (the 'Prospectus').  Further details of the conversion and rights attaching to the C Shares are set out in the Prospectus.

Enquiries:

InfraRed Capital Partners Limited	020 7484 1800
Tony Roper
Keith Pickard
Sandra Lowe
Canaccord Genuity Limited	020 7523 8000
Robbie Robertson
David Yovichic
Lucy Lewis
Dominic Waters
Neil Brierley
Will Barnett
Tulchan Communications	020 7353 4200
Ed Orlebar
Rebecca Scott

Canaccord Genuity Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting for the Company and for no one else in connection with the Issue and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Canaccord Genuity Limited or for affording advice in relation to the Issue, the contents of this announcement or any other matters referred to herein.

 

END

 

 

MSCEAELEASDAEFF