Conversion between Share Classes

RNS Number : 8514S

BlueCrest AllBlue Fund Ltd

05 December 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 1 November 2012 (the "Conversion Day").

From Sterling Shares to US Dollar Shares                                                                      6,000

From Euro Shares to Sterling Shares                                                                           12,107

From US Dollar Shares to Sterling Shares                                                                  248,000

Conversion ratios

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

£1.7634 in the case of Sterling Shares

€1.7051 in the case of Euro Shares

$1.6882 in the case of US Dollar Shares

The spot conversion rates used for these conversions were:

GBP/USD:         1.6130

EUR/GBP:         0.8037

USD/GBP:         0.6200

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

1.684667 US Dollar Shares for every one Sterling Share

0.777154 Sterling Shares for every one Euro Share

0.593540 Sterling Shares for every one US Dollar Share

Admission of new shares

Application has been made for 150,607 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 12 December 2012.

Results of conversion

With effect from 12 December 2012, the issued share capital of the Company (excluding 13,576,935 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:            484,110,390

Euro Shares:                 10,504,993

US Dollar Shares:         80,066,134

All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the Company is 574,681,517  (excluding 13,576,935 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.

5 December 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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