Conversion between Share Classes

RNS Number : 4023E

BlueCrest AllBlue Fund Ltd

06 April 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 March 2011 (the "Conversion Day").

From Sterling Shares to Euro Shares                                                                         154,500

From Euro Shares to Sterling Shares                                                                      2,075,300

From US Dollar Shares to Sterling Shares                                                              5,023,434

Conversion ratios

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

£1.6759 in the case of Sterling Shares

€1.6185 in the case of Euro Shares

$1.6175 in the case of US Dollar Shares

The spot conversion rate used for this conversion was:

GBP/EUR : 1.1787

EUR/GBP : 0.8484

USD/GBP : 0.6147

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

1.220544 Euro Shares for every one Sterling Share

0.819300 Sterling Shares for every one Euro Share

0.593264 Sterling Shares for every one US Dollar Share

Admission of new shares

Application has been made for 4,526,017 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 11 April 2011.

Results of conversion

With effect from 11 April 2011, the issued share capital of the Company will be as follows:

Sterling Shares:            510,518,936

Euro Shares:                 11,378,592

US Dollar Shares:         56,655,730

All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the Company is 578,103,258 (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.

6 April 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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