Conversion between Share Classes

RNS Number : 0464L

BlueCrest AllBlue Fund Ltd

01 July 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 2 June 2014 (the "Conversion Day").

From Sterling Shares to Euro Shares                                                                                  57

From Sterling Shares to US Dollar Shares                                                                    40,856

From Euro Shares to Sterling Shares                                                                         386,633

From US Dollar to Sterling Shares                                                                              179,937

Conversion ratios

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

£1.8943 in the case of Sterling Shares

€1.8265 in the case of Euro Shares

$1.8102 in the case of US Dollar Shares

The spot conversion rates used for these conversions were:

GBP/EUR:         1.2295

GBP/USD:         1.6765

EUR/GBP:         0.8133

USD/GBP:         0.5965

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

1.263158 Euro Shares for every one Sterling Share

1.754381 US Dollar Shares for every one Sterling Share

0.784224 Sterling Shares for every one Euro Share

0.569994 Sterling Shares for every one US Dollar Share

Admission of new shares

Application has been made for 364,857 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 8 July 2014.

Results of conversion

With effect from 9 July 2014, the issued share capital of the Company (excluding 45,090,789 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:                        405,876,782

Euro Shares:                             8,481,088

US Dollar Shares:                     41,522,672

All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the Company is 455,880,542 (excluding 45,090,789 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.

1 July 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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