Conversion between Share Classes

RNS Number : 2311F

BlueCrest AllBlue Fund Ltd

12 June 2012

 



BlueCrest ALLBLUE FUND LIMITED (the "Company")

REPLACEMENT ANNOUNCEMENT - CONVERSION BETWEEN SHARE CLASSES

The Conversion between share classes announcement released at 12:24 on 12 June 2012 under RNS number 1981F12, contained a typing error under the header "Results of Conversion" when referring to the issued share capital of the Sterling Shares.  495,589,838 Sterling Shares were quoted when this figure should have been 496,214,838 Sterling Shares.

The below announcement contains the corrected issued share capital of the Sterling Shares and replaces the previous announcement in its entirety.

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 2012 (the "Conversion Day").

From Euro Shares to Sterling Shares                                                                           19,782

From US Dollar Shares to Sterling Shares                                                                      9,679

Conversion ratios

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

£1.7166 in the case of Sterling Shares

€1.6648 in the case of Euro Shares

$1.6480 in the case of US Dollar Shares

The spot conversion rates used for these conversions were:

EUR/GBP:         0.8156

USD/GBP:         0.6160

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

0.790921 Sterling Shares for every one Euro Share

0.591383 Sterling Shares for every one US Dollar Share

Admission of new shares

Application has been made for 21,370 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 15 June 2012.

Results of conversion

With effect from 15 June 2012, the issued share capital of the Company (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:            496,214,838

Euro Shares:                 9,749,134

US Dollar Shares:         83,482,251

All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the Company is 588,821,223 (excluding 625,000 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.

12 June 2012

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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