Conversion of Securities

RNS Number : 1023S

BlueCrest AllBlue Fund Ltd

12 May 2009

 



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 April 2009 (the 'Conversion Day').

From Euro Shares to Sterling Shares        :     19,381

From US$ Shares to Sterling Shares         :  2 06,923

From US$ Shares to Euro Shares             :   418,000

Conversion ratios

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

£1.3225 in the case of Sterling Shares

€1.2753 in the case of Euro Shares

$1.2825 in the case of US$ Shares

The spot currency conversion rate as at the Conversion Day was:

GBP / USD : 1.4323

GBP / EUR : 1.0810

EUR / USD : 1.3250

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

0.892008 Euro Shares for every one Sterling Share

0.677049 US$ Shares for every one Sterling Share

0.758990 US$ Shares for every one Euro Share

Admission of new shares

Application has been made for 157,385 Sterling Shares and 297,877 Euro Shares to be listed on the London Stock Exchange. It is expected that such listing will become effective and that dealings in such shares will commence on 13 May 2009.

Results of conversion

With effect from 1 April 2009, the issued share capital of the Company will be as follows:

Sterling Shares:    206,285,565

Euro Shares:            6,182,289

US$ Shares:           19,982,362

12 May 2009

For further information about this announcement contact: 

Anson Fund Managers Limited

Secretary

Tel: [phone]

END OF ANNOUNCEMENT

E&OE - in transmission.

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