Conversion between Share Classes

RNS Number : 4335G

BlueCrest AllBlue Fund Ltd

11 May 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 April 2011 (the "Conversion Day").

From Sterling Shares to US Dollar Shares                                                                    35,500

From Euro Shares to Sterling Shares                                                                      1,500,000

From Euro shares to US Dollar                                                                                   350,000         

From US Dollar Shares to Sterling Shares                                                              2,237,997

Conversion ratios

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

£1.6817 in the case of Sterling Shares

€1.6243 in the case of Euro Shares

$1.6226 in the case of US Dollar Shares

The spot conversion rate used for this conversion was:

GBP/USD : 1.6066

EUR/GBP : 0.8839

EUR/USD : 1.4200

USD/GBP : 0.6224

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

1.665099 US Dollar Shares for every one Sterling Share

0.853692 Sterling Shares for every one Euro Share

1.421486 US Dollar Shares for every one Euro Share

0.600558 Sterling Shares for every one US Dollar Share

Admission of new shares

Application has been made for 2,589,084 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 16 May 2011.

Results of conversion

With effect from 16 May 2011, the issued share capital of the Company will be as follows:

Sterling Shares:            513,108,020

Euro Shares:                 9,528,592

US Dollar Shares:         54,974,364

All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the Company is 577,160,976 (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.

11 May 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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