Conversion Between Classes

RNS Number : 5880J

BlueCrest AllBlue Fund Ltd

08 August 2012

 



BlueCrest ALLBLUE FUND LIMITED (the "Company")

CONVERSION BETWEEN SHARE CLASSES & ADMISSION OF NEW SHARES

Conversion requests

The table below summarises the aggregate number of shares of each class in relation to which the Company has received requests to convert such shares into shares of another class with effect from 2 July 2012 (the "Conversion Day").

From Sterling Shares to US Dollar Shares                                                                   52,900

From Euro Shares to Sterling Shares                                                                         143,279

From US Dollar Shares to Sterling Shares                                                                  279,937

Conversion ratios

The net asset value per share of each class as at the Conversion Day was as follows:

£1.7171 in the case of Sterling Shares

€1.6643 in the case of Euro Shares

$1.6473 in the case of US Dollar Shares

The spot conversion rates used for these conversions were:

GBP/USD:         1.5682

EUR/GBP:         0.8073

USD/GBP:         0.6377

On the basis of the above, the conversion ratios are as follows:

1.634631 US Dollar Shares for every one Sterling Share

0.782438 Sterling Shares for every one Euro Share

0.611752 Sterling Shares for every one US Dollar Share

Admission of new shares

Application has been made for 230,459 Sterling Shares to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange.  It is expected that such listing will become effective and that dealings in such shares will commence on 14 August 2012.

Results of conversion

With effect from 14 August 2012, the issued share capital of the Company (excluding 3,044,624 Sterling shares held in treasury and subject to there being no further transactions in the Company's shares during the intervening period in accordance with the share buy back programme announced on 28 May 2012) will be as follows:

Sterling Shares:            493,574,938

Euro Shares:                 9,606,641

US Dollar Shares:         83,007,917

All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the Company is 586,189,496 (excluding 3,044,624 Sterling Shares held in treasury and subject to there being no further transactions in the Company's shares during the intervening period in accordance with the share buy back programme announced on 28 May 2012) and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FSA's Disclosure and Transparency Rules.

8 August 2012

For further information about this announcement contact:

Anson Fund Managers Limited

Secretary

Tel:  [phone]

END OF ANNOUNCEMENT

E&OE - in transmission.

 

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