Conversion Between Share Clas

RNS Number : 2316I

BlueCrest AllBlue Fund Ltd

14 November 2008

 



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 1 October 2008 (the 'Conversion Day').

From GBP Shares to US$ Shares        : 3,257,284

From EUR Shares to US$ Shares        :      80,000

From GBP Shares to EUR Shares        :   232,378

From US$ Shares to GBP Shares        :      50,000

Conversion ratios

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

£1.1937 in the case of Sterling Shares

€1.1522 in the case of Euro Shares

$1.1679 in the case of US$ Shares

The spot currency conversion rate as at the Conversion Day was:

GBP / USD : 1.7781

GBP / EUR : 1.2627

EUR / USD : 1.4081

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

1.308179 EUR Shares for every one Sterling Share

1.817379 US$ Shares for every one Sterling Share

1.389163 US$ Shares for every one Euro Share

0.550240 Sterling Shares for every one US$ Share

Admission of new shares

Application has been made for 5,980,853 US$ Shares and 223,992 Euro Shares to be listed on the London Stock Exchange. It is expected that such listing will become effective and that dealings in such shares will commence on 20 November 2008.

Results of conversion

With effect from 1 October 2008, the issued share capital of the Company will be as follows:

Sterling Shares:    205,935,105

Euro Shares:            6,500,194

US$ Shares:          20,719,155

14 November 2008

For further information about this announcement contact: 

Anson Fund Managers Limited

Secretary

Tel: [phone]

END OF ANNOUNCEMENT

E&OE - in transmission.

 

END

 

 

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