Conversion between Share Classes

RNS Number : 2485Q

BlueCrest AllBlue Fund Ltd

10 October 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 September 2013 (the "Conversion Day").

From Sterling Shares to US Dollar Shares                                                                    18,525

From Euro Shares to Sterling Shares                                                                             1,028

From US Dollar Shares to Sterling Shares                                                               1,622,709

Conversion ratios

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

£1.7749 in the case of Sterling Shares

€1.7119 in the case of Euro Shares

$1.6969 in the case of US Dollar Shares

The spot conversion rates used for these conversions were:

GBP/USD:         1.5496

EUR/GBP:         0.8524

USD/GBP:         0.6453

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

1.620729 US Dollar Shares for every one Sterling Share

0.821012 Sterling Shares for every one Euro Share

0.616968 Sterling Shares for every one US Dollar Share

Admission of new shares

Application has been made for 983,478 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 16 October 2013.

Results of conversion

With effect from 16 October 2013, the issued share capital of the Company (excluding 34,294,797 Sterling Shares and 4,312,539 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:                        443,528,000

Euro Shares:                             8,596,498

US Dollar Shares:                     38,812,859

All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the Company is 490,937,357 (excluding 34,294,797 Sterling Shares and 4,312,539 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.

10 October 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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