Appointment of Bookrunners

RNS Number : 5342K

BlueCrest AllBlue Fund Ltd

21 April 2010

 



BlueCrest AllBlue Fund Limited (the "Company")

Proposed fundraising

Further to the announcement by the Company, on 31 March 2010, of the proposals for a further issue of equity securities (the "Issue"), the Board is pleased to announce the appointment of RBS Hoare Govett Limited and Dexion Capital plc as joint bookrunners to the Issue. RBS Hoare Govett Limited has been appointed as sole sponsor to the Issue.

During 2009, the NAV of the sterling shares of the Company increased from £1.2525 to £1.5225, a return of 21.6%. Over the year, AllBlue Limited, the fund into which the Company invests, recorded twelve consecutive positive months of performance. The strong performance has continued in 2010 and as at 9 April 2010, the date of the latest estimated NAV, the Company's sterling shares had returned 4.1%.

It is proposed that the Issue will be structured as a placing and offer for subscription of C shares in the Company. It is currently anticipated that a prospectus will be published by the Company in mid-May 2010 and that the placing and offer for subscription will close in mid-June 2010. A further announcement containing details of the Issue will be issued in due course.

Enquiries:

Company Secretary Anson Fund Managers Limited	Tel: [phone]
RBS Hoare Govett Limited Gary Gould/Alex Collins	Tel: [phone]
Dexion Capital plc Robin Bowie/Ana Haurie	Tel: [phone]
M:Communications Ed Orlebar/Caroline Villiers/Louise Hatch	Tel: [phone]

21 April 2010

E&OE - in transmission

 

END

 

 

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