Conversion of Securities

RNS Number : 4049C

BlueCrest AllBlue Fund Ltd

12 November 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 October 2009 (the "Conversion Day").

From Sterling Shares to Euro Shares                                                                         :        20,500

From Sterling Shares to US Dollar Shares                                                                 :       160,800

From Euro Shares to Sterling Shares                                                                         :    3,839,333

Conversion ratios

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

£1.4907 in the case of Sterling Shares

€1.4370 in the case of Euro Shares

$1.4443 in the case of US Dollar Shares

The spot conversion rate used for this conversion was:

GBP / USD : 1.6007

GBP / EUR : 1.0929

EUR / USD : 1.4647

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

1.133707 Euro Shares for every one Sterling Share

1.652121 US Dollar Shares for every one Sterling Share

0.882035 Sterling Shares for every one Euro Share

Admission of new shares

Application has been made for 3,205,126 Sterling Shares and 265,661 US Dollar Shares to be admitted to the Official List of the UK Lisiting 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 18 November 2009.

Results of conversion

With effect from 18 November 2009, the issued share capital of the Company will be as follows:

Sterling Shares:               209,623,415

Euro Shares:                     5,303,602

US$ Shares:                     15,915,995

12 November 2009

For further information about this announcement contact: 

Anson Fund Managers Limited

Secretary

Tel: [phone]

END OF ANNOUNCEMENT

E&OE - in transmission.

 

END

 

 

CONFFLFSESUSEEF