Conversion between Share Classes

RNS Number : 7219C

BlueCrest AllBlue Fund Ltd

10 March 2011

 



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 February 2011 (the "Conversion Day").

From Sterling Shares to Euro Shares                                                                             1,598

From Sterling Shares to US Dollar Shares                                                                   83,600

From US Dollar Shares to Sterling Shares                                                                 331,429

Conversion ratios

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

£1.6616 in the case of Sterling Shares

€1.6043 in the case of Euro Shares

$1.6041 in the case of US Dollar Shares

The spot conversion rate used for this conversion was:

GBP/EUR : 1.1704

GBP/USD : 1.6027

USD/GBP : 0.6240

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

1.212140 Euro Shares for every one Sterling Share

1.660084 US Dollar Shares for every one Sterling Share

0.602373 Sterling Shares for every one US Dollar Share

Admission of new shares

Application has been made for 114,446 Sterling Shares and 1,937 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 15 March 2011.

Results of conversion

With effect from 15 March 2011, the issued share capital of the Company will be as follows:

Sterling Shares:            505,992,919

Euro Shares:                 13,265,318

US Dollar Shares:         61,679,164

All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the Company is 580,487,401 (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.

10 March 2011

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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