Conversion Between Share Classes

RNS Number : 9546J

BlueCrest AllBlue Fund Ltd

07 July 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 June 2011 (the "Conversion Day").

From Sterling Shares to Euro Shares                                                                             8,000

From Sterling Shares to US Dollar Shares                                                             16,305,824

From Euro Shares to Sterling Shares                                                                             2,983

From US Dollar Shares to Sterling Shares                                                                    69,026

Conversion ratios

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

£1.6937 in the case of Sterling Shares

€1.6373 in the case of Euro Shares

$1.6332 in the case of US Dollar Shares

The spot conversion rate used for this conversion was:

GBP/EURO:      1.1440

GBP/USD:         1.6453

EURO/GBP:      0.8741

USD/GBP:         0.6078

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

1.183375 Euro Shares for every one Sterling Share

1.706196 US Dollar Shares for every one Sterling Share

0.844452 Sterling Shares for every one Euro Share

0.586084 Sterling Shares for every one US Dollar Share

Admission of new shares

Application has been made for 6,484 Euro Shares and 27,751,909 US Dollar 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 12 July 2011.

Results of conversion

With effect from 12 July 2011, the issued share capital of the Company will be as follows:

Sterling Shares:            497,107,691

Euro Shares:                 9,535,076

US Dollar Shares:         82,257,683

All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the Company is 588,450,450 (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.

07 July 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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