Conversion Between Share Classes

RNS Number : 7870L

BlueCrest AllBlue Fund Ltd

04 August 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 July 2011 (the "Conversion Day").

From Sterling Shares to US Dollar Shares                                                                 310,995

From Euro Shares to Sterling Shares                                                                             7,810

From US Dollar Shares to Sterling Shares                                                                      7,535

From US Dollar Shares to Euro Shares                                                                        46,215

Conversion ratios

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

£1.6796 in the case of Sterling Shares

€1.6244 in the case of Euro Shares

$1.6188 in the case of US Dollar Shares

The spot conversion rates used for these conversions were:

GBP/USD:         1.6067

EURO/GBP:      0.9037

USD/GBP:         0.6224

USD/EURO:      0.6887

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

1.667043 US Dollar Shares for every one Sterling Share

0.874008 Sterling Shares for every one Euro Share

0.599735 Sterling Shares for every one US Dollar Share

0.686292 Euro Shares for every one US Dollar Share

Admission of new shares

Application has been made for 23,907 Euro Shares and 464,692 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 10 August 2011.

Results of conversion

With effect from 10 August 2011, the issued share capital of the Company will be as follows:

Sterling Shares:            496,808,041

Euro Shares:                 9,558,983

US Dollar Shares:         82,722,375

All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the Company is 589,089,399 (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.

4 August 2011

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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