Conversion between share classes

RNS Number : 9458H

BlueCrest AllBlue Fund Ltd

03 December 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 2 November 2015 (the "Conversion Day").

From Sterling Shares to US Dollar Shares     48,757

From US Dollar Shares to Sterling Shares     6,540,429

Conversion ratios

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

£2.0150 in the case of Sterling Shares

$1.9178 in the case of US Dollar Shares

The spot conversion rate used for this conversion was:

GBP/USD:         1.54275

USD/GBP:         0.648193

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

1.620936 US Dollar Shares for every one Sterling Share

0.616925 Sterling Shares for every one US Dollar Share.

Admission of new shares

Application has been made for 3,986,198 Sterling 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 9 December 2015.

Results of conversion

With effect from 9 December 2015, the issued share capital of the Company (excluding 40,396,743 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:                        382,196,044

US Dollar Shares:                     22,192,929

All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the Company is 404,388,973 (excluding 40,396,743   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) 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.

3 December 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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