Net Asset Value(s)

RNS Number : 8402O

BlueCrest AllBlue Fund Ltd

05 July 2010

 



BLUECREST ALLBLUE FUND LIMITED (the "Company") 

ESTIMATED WEEKLY NET ASSET VALUE ("NAV") OF SHARES 

These estimated NAVs are calculated as at the close of business on 30 June 2010 the "VP", being the valuation point): 

Ordinary Shares	NAV	MTD Performance	YTD Performance
Sterling Shares ISIN: GB00B13YVW48	GBP 1.5999	0.72%	5.09%
Euro Shares ISIN: GB00B13YXC81	EUR 1.5440	0.72%	5.11%
US Dollar Shares ISIN: GB00B13YXH37	USD 1.5471	0.70%	4.94%
C Shares	NAV
Sterling C Shares ISIN: GG00B3Y72K13	GBP 0.9899	N/A	N/A
Euro C Shares ISIN: GG00B3XGCG56	EUR  0.9897	N/A	N/A
US Dollar C Shares ISIN: GG00B3R7T744	USD  0.9898	N/A	N/A

Illustrative Conversion Ratios

On the basis of the estimated net asset values set out above, the illustrative Conversion Ratios as at 30 June 2010, calculated in accordance with the Company's prospectus dated 14 May 2010, are as follows:

0.6187 Sterling Shares for every one Sterling C Share

0.6410 Euro Shares for every on Euro C Share

0.6398 US$ Shares for every one US$ C Share

On the basis of the illustrative Conversion Ratios:

A holder of 1,000 Sterling C Shares would receive 618 new Sterling Shares on Conversion.

A holder of 1,000 Euro C Shares would receive 641 new Euro Shares on Conversion.

A holder of 1,000 US$ C Shares would receive 639 new US$ Shares on Conversion

The illustrative Conversion Ratios have been calculated for information purposes only and are not intended to be, nor should they be taken as, a forecast of either the actual Conversion Ratios or a forecast of the number of Sterling Shares, Euro Shares or US$ Shares (as appropriate) which will arise on Conversion.

Expected Timetable to Conversion of C Shares

As announced on 1 July 2010, the Calculation Time in respect of Conversion of C Shares is 30 June 2010. The actual Conversion Ratios for Sterling C Shares, Euro C Shares and US$ C Shares into Sterling Shares, Euro Shares and US$ Shares respectively are expected to be calculated and announced in accordance with the following expected timetable:

	2010
Announcement of actual Conversion Ratios	10 August
Record date for Conversion and C Share registers close	5 p.m. on 10 August
Conversion Time and C Shareholder CREST accounts credited with new Ordinary Shares (of the relevant class)	11 August

The MTD performance figures are calculated by reference to the previous estimated month end NAV or, if published, the previous month end confirmed NAV. The YTD performance figures are calculated by reference to the NAV at the end of the last calendar year.

These estimated NAVs have been calculated using the estimated net asset value of the respective currency classes of Shares in AllBlue Limited owned by the Company as at the VP following information supplied to the Company by BlueCrest Capital Management Limited of London, England acting on behalf of BlueCrest Capital Management L.L.P., the appointed Investment Manager of AllBlue Limited. 

The above estimated NAVs of the Shares have been calculated using information which, whilst being received from a reliable source, is itself 'estimated' and accordingly the Company accepts no responsibility for the accuracy of the estimated NAV figures given, and neither is any responsibility implied.  These estimated NAVs of the Shares are provided for indication purposes only. 

Note: AllBlue Limited is a fund of hedge funds exempted company incorporated with limited liability in the Cayman Islands as an open-ended investment company.  The Company is a closed-ended investment company registered and incorporated in Guernsey.  The Shares of the Company are admitted to the Official List and to trading on main market of the London Stock Exchange. 

5 July 2010

For further information about this announcement contact:

Anson Fund Managers Limited

Secretary

Tel:  [phone]

E&OE - in transmission

 

END

 

 

NAVKMGGNDKDGGZM