Conversion between Share Classes

RNS Number : 2932V

BlueCrest AllBlue Fund Ltd

11 December 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 November 2013 (the "Conversion Day").

From Sterling Shares to Euro Shares                                                                         176,000

From Sterling Shares to US Dollar Shares                                                                    95,115

Conversion ratios

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

£1.8108 in the case of Sterling Shares

€1.7476 in the case of Euro Shares

$1.7323 in the case of US Dollar Shares

The spot conversion rates used for these conversions were:

GBP/EUR:         1.1810

GBP/USD:         1.6048

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

1.223750 Euro Shares for every one Sterling Share

1.677506 US Dollar Shares for every one Sterling Share

Admission of new shares

Application has been made for 215,380 Euro Shares and 159,556 US Dollar 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 December 2013.

Results of conversion

With effect from 16 December 2013, the issued share capital of the Company (excluding 44,724,797 Sterling Shares and 4,310,945 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:                        432,745,358

Euro Shares:                             8,811,878

US Dollar Shares:                     38,958,065

All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the Company is 480,515,301 (excluding 44,724,797 Sterling Shares and 4,310,945 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.

11 December 2013

For further information about this announcement contact:

JTC Fund Managers (Guernsey) Limited

Secretary

Tel:  [phone]

END OF ANNOUNCEMENT

E&OE - in transmission.

 

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