Conversion Between Share Classes

RNS Number : 5190X

BlueCrest AllBlue Fund Ltd

28 August 2015

 



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 August 2015 (the "Conversion Day").

From Sterling Shares to US Dollar Shares     180,000

Conversion ratios

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

£2.0043 in the case of Sterling Shares

$1.9091 in the case of US Dollar Shares

The spot conversion rate used for this conversion was:

GBP/USD:         1.561700

USD/GBP:         0.640328

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

1.639572 US Dollar Shares for every one Sterling Share

Admission of new shares

Application has been made for 295,123 US Dollar Shares to be admitted to the Official List of the Financial Conduct 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 2015.

Results of conversion

With effect from 4 September 2015, the issued share capital of the Company (excluding 41,472,166 Sterling Shares and  3,056,861  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:                        387,921,631

US Dollar Shares:                     28,602,268

All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the Company is 416,523,899 and this figure may currently 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.

    28 August 2015

For further information about this announcement contact:

JTC (Guernsey) Limited

Secretary

Tel:  [phone]

END OF ANNOUNCEMENT

E&OE - in transmission.

 

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