Conversion between Share Classes

RNS Number : 9418B

BlueCrest AllBlue Fund Ltd

10 March 2014

 



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 3 February 2014 (the "Conversion Day").

From Sterling Shares to US Dollar Shares                                                              1,097,000

From Euro Shares to Sterling Shares                                                                             7,207

From US Dollar Shares to Sterling Shares                                                                  349,044

Conversion ratios

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

£1.8222 in the case of Sterling Shares

€1.7573 in the case of Euro Shares

$1.7421 in the case of US Dollar Shares

The spot conversion rates used for these conversions were:

GBP/USD:         1.6436

EUR/GBP:         0.8207

USD/GBP:         0.6084

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

1.719170 US Dollar Shares for every one Sterling Share

0.791453 Sterling Shares for every one Euro Share

0.581672 Sterling Shares for every one US Dollar Share

Admission of new shares

Application has been made for 1,536,886 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 14 March 2014.

Results of conversion

With effect from 14 March 2014, the issued share capital of the Company (excluding 47,275,772 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:                        425,363,241

Euro Shares:                             9,034,371

US Dollar Shares:                     38,400,364

All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the Company is 472,797,976 (excluding 47,275,772 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 FCA's Disclosure and Transparency Rules.

10 March 2014

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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