Facility Expiry

RNS Number : 7129H

BlueCrest AllBlue Fund Ltd

26 February 2010

 



BLUECREST ALLBLUE FUND LIMITED (THE "COMPANY")

CREDIT FACILITY AGREEMENT EXPIRY

The Company announces that the £5,000,000 credit facility (the "Credit Facility") entered into on 11 February 2009 between Barclays Private Clients International Limited and the Company has now expired. 

The Credit Facility was secured in order to provide finance for the  buy-back of shares in the capital of the Company if the Board considered such had merit.  In light of current market trading conditions the Board  considered  the renewal of the Credit Facility  not to be in the best interests of shareholders and have let it lapse.

However, the Board intends to keep this position under review and, if it is decided that a credit facility or alternative method of finance for the  buy-back of shares is required, alternative finance arrangements will be considered.

Enquiries:

Anson Fund Managers Limited Secretary

Tel: [phone]

26 February 2010

E&O - in transmission

 

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