Conversion between Share Classes

RNS Number : 0416N

BlueCrest AllBlue Fund Ltd

02 September 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 August 2013 (the "Conversion Day").

From Euro Shares to Sterling Shares                                                                           90,000

From US Dollar Shares to Sterling Shares                                                                    43,767

Conversion ratios

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

£1.7818 in the case of Sterling Shares

€1.7193 in the case of Euro Shares

$1.7016 in the case of US Dollar Shares

The spot conversion rates used for these conversions were:

EUR/GBP:         0.8748

USD/GBP:         0.6557

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

0.844133 Sterling Shares for every one Euro Share

0.626180 Sterling Shares for every one US Dollar Share

Admission of new shares

Application has been made for 103,378 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 9 September 2013.

Results of conversion

With effect from 9 September 2013, the issued share capital of the Company (excluding 30,754,797 Sterling Shares and 4,489,504 US Dollar 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:                        446,084,522

Euro Shares:                             8,597,526

US Dollar Shares:                     40,405,544

All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the Company is 495,087,592 (excluding 30,754,797 Sterling Shares and 4,489,504 US Dollar 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 FCA's Disclosure and Transparency Rules.

2 September 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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