Conversion between Share Classes

RNS Number : 3974Q

BlueCrest AllBlue Fund Ltd

29 August 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 1 August 2014 (the "Conversion Day").

From Euro Shares to Sterling Shares                                                                         281,991

From Euro Shares to US Dollar Shares                                                                      170,762

Conversion ratios

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

£1.9152 in the case of Sterling Shares

€1.8461 in the case of Euro Shares

$1.8294 in the case of US Dollar Shares

The spot conversion rate used for this conversion was:

EUR/GBP:         0.7930

EUR/USD:         1.3388

On the basis of the above, the conversion ratio was as follows:

0.764365 Sterling Shares for every one Euro Share

1.351009 US Dollar Shares for every one Euro Share

Admission of new shares

Application has been made for 215,544 Sterling Shares and 230,701 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 4 September 2014.

Results of conversion

With effect from 29 August 2014, the issued share capital of the Company (excluding 44,875,016 Sterling Shares and 1,152,000 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:                        404,601,904

Euro Shares:                             7,702,874

US Dollar Shares:                     40,262,412

All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the Company is 452,567,190 (excluding 44,875,016 Sterling Shares and 1,152,000  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.

29 August 2014

For further information about this announcement contact:

JTC (Guernsey) Limited

Secretary

Tel:  [phone]

END OF ANNOUNCEMENT

E&OE - in transmission.

 

END

 

 

STRUKSORSVAWUAR