Conversion between Share Classes

RNS Number : 1668D

BlueCrest AllBlue Fund Ltd

11 May 2012

 



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 2 April 2012 (the "Conversion Day").

From Sterling Shares to US Dollar Shares                                                                  197,106

From US Dollar Shares to Sterling Shares                                                                  685,884

From US Dollar Shares to Euro Shares                                                                      367,116

Conversion ratios

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

£1.6983 in the case of Sterling Shares

€1.6475 in the case of Euro Shares

$1.6311 in the case of US Dollar Shares

The spot conversion rates used for these conversions were:

GBP/USD:         1.5995

USD/GBP:         0.6252

USD/EUR:         0.7501

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

1.665343 US Dollar Shares for every one Sterling Share

0.600475 Sterling Shares for every one US Dollar Share

0.742634 Euro Shares for every one US Dollar Share

Admission of new shares

Application has been made for 214,750 Sterling Shares and 272,633 Euro 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 2012.

Results of conversion

With effect from 16 May 2012, the issued share capital of the Company will be as follows:

Sterling Shares:            496,193,468

Euro Shares:                 9,768,916

US Dollar Shares:         83,491,930

All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the Company is 589,004,314 (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 2012

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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