Issue of Equity

RNS Number : 6979F

HSBC Infrastructure Company Limited

18 January 2010

 



HSBC Infrastructure Company Limited

Issue of Ordinary Shares

HSBC Infrastructure Company Limited ("HICL" or the "Company") announces that on Friday 15 January 2010 it issued for cash 7,965,390 new Ordinary Shares of 0.01 pence each in the Company ("New Shares"). The issue price per Share (before expenses) was 113.9 pence.

The net proceeds will be used for general corporate purposes.

The New Shares will be admitted to the Official List of the UK Listing Authority and admitted to trading on the London Stock Exchange pursuant to the block listing dated 23 September 2009.  

The issue of these New Shares, together with the recent Placing and Offer for Subscription of C Shares undertaken by the Company, have provided HICL with sufficient monies to match existing Group Debt and to meet any outstanding subscription obligations in respect of existing investments. In light of the Board's previously stated policy that the Company should not be cash positive to any material extent, no additional Ordinary Shares are expected to be issued until the Company undertakes further investments or subscription commitments.

For further information, please contact:

Karen Greening/Chris Copperwaite Dexion Capital (Guernsey) Limited

[phone]/732815

 

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