H3XS Newstar Rbc 3X�

    RNS Number : 8070U
  New Star RBC Hedge250 IDX (3X GBP)
  19 May 2008
   

    HEDGE ETS
    New Star RBC Hedge 250 Index Exchange Traded Securities
    PCC Limited
    (A closed-ended investment company incorporated in Guernsey with registered number 45501 under the provisions of The Companies
(Guernsey) Laws 1994 to 1996 and The Protected Cell Companies Ordinance 1997 to 1998, as amended)

    19 May 2008

    REDEMPTION PRICE

    The Company's Articles of Association incorporate provisions to enable Shareholders, at the Directors' discretion, to redeem up to 100
per cent of their Shares for cash on the first business day of January or July in each year or up to 50 per cent of their Shares for cash on
the first business day of April or October in each year. 

    On 23 January 2008 the Company announced that it had received the following redemption requests in respect of the 1 April 2008
redemption: 

 Shares Class         No of shares

 1X US Dollar shares           Nil
 1X Euro shares          5,907,632
 1X Sterling shares            Nil
 3X US Dollar shares     1,000,000
 3X Euro shares                Nil
 3X Sterling shares            Nil

    The price at which the above shares will be redeemed (being the net asset value per share of the relevant class at 31 March 2008, less
direct costs) is as follows:

 Shares Class         Redemption Price

 1X Euro shares              EUR0.9964
 3X US Dollar shares         US$0.9261

    It is expected that redemption proceeds will normally be dispatched on or about 30 May 2008.


    Enquiries

    Alison Bilham, HSBC Securities Services (Guernsey) Limited
    Tel: + 44 (0)1481 707213


This information is provided by RNS
The company news service from the London Stock Exchange
 
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