Conversion Between Share Clas

RNS Number : 3398X

BlueCrest AllBlue Fund Ltd

03 December 2010

 



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 November 2010 (the "Conversion Day").

From Sterling Shares to Euro Shares                                                                     1,942,283

From Sterling Shares to US Dollar Shares                                                               2,117,730

From US Dollar Shares to sterling Shares                                                               3,186,243

Conversion ratios

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

£1.6488 in the case of Sterling Shares

€1.5913 in the case of Euro Shares

$1.5930 in the case of US Dollar Shares

The spot conversion rate used for this conversion was:

GBP / USD : 1.6019

GBP / EUR : 1.1528

EUR / USD : 1.3896

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

1.194455 Euro Shares for every one Sterling Share

1.658010 US Dollar Shares for every one Sterling Share

0.603132 Sterling Shares for every one US Dollar Share

Admission of new shares

Application has been made for 324,975 US Dollar Shares and 2,319,969 Euro 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 8 December 2010.

Results of conversion

With effect from 8 December 2010, the issued share capital of the Company will be as follows:

Sterling Shares:            506,481,906

Euro Shares:                 13,236,724

US$ Shares:                 60,930,417

All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the Company is 580,199,047 (excluding 450,000 Sterling Shares held in treasury) 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.

3 December 2010

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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