Conversion between Share Classes

RNS Number : 2472G

BlueCrest AllBlue Fund Ltd

04 June 2013

 



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 May 2013 (the "Conversion Day").

From Sterling Shares to Euro Shares                                                                           30,015

From Sterling Shares to US Dollar Shares                                                               1,377,593

Conversion ratios

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

£1.8505 in the case of Sterling Shares

€1.7855 in the case of Euro Shares

$1.7684 in the case of US Dollar Shares

The spot conversion rates used for these conversions were:

GBP/EUR:         1.1801

GBP/USD:         1.5531

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

1.223055 Euro Shares for every one Sterling Share

1.625204 US Dollar Shares for every one Sterling Share

Admission of new shares

Application has been made for 36,710 Euro Shares and 2,238,869 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 June 2013.

Results of conversion

With effect from 10 June 2013, the issued share capital of the Company (excluding 29,314,797 Sterling shares held in treasury and subject to there being no further transactions in the Company's shares during the intervening period in accordance with the share buy back programme announced on 28 May 2012) will be as follows:

Sterling Shares:                        441,736,611

Euro Shares:                             9,412,096

US Dollar Shares:                     123,949,307

All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the Company is 575,098,014 (excluding 29,314,797 Sterling Shares held in treasury and subject to there being no further transactions in the Company's shares during the intervening period in accordance with the share buy back programme announced on 28 May 2012) 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.

Reinstatement of conversion

As announced by the Company on 24 May 2013 the Board has reinstated the conversions of Euro Shares or Sterling Shares into US Dollar Shares.

4 June 2013

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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