Result of Share Conversion

RNS Number : 3080N

BlueCrest AllBlue Fund Ltd

13 February 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 2008 (the 'Conversion Day').

From Sterling Shares to US$ Shares        :   467,810

From Euro Shares to Sterling Shares       :   587,380

From Euro Shares to US$ Shares             :   28,402

From US$ Shares to Sterling Shares        :   851,483

Conversion ratios

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

£1.2526 in the case of Sterling Shares

€1.2070 in the case of Euro Shares

$1.2182 in the case of US$ Shares

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

GBP / USD : 1.4560

GBP / EUR : 1.0440

EUR / USD : 1.3947

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

1.497114 Sterling Shares for every one US$ Share

0.922983 Euro Shares for every one Sterling Share

1.381875 Euro Shares for every one US$ Share

0.667944 US$ Shares for every one Sterling Share

Admission of new shares

Application has been made for 643,075 Sterling 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 17 February 2009.

Results of conversion

With effect from 2 January 2009, the issued share capital of the Company was as follows:

Sterling Shares:       206,769,419

Euro Shares:            5,268,630

US$ Shares:             20,496,852

13 February 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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