Results of Conversion & Admis

RNS Number : 6385Q

BlueCrest AllBlue Fund Ltd

05 August 2010

 



BlueCrest ALLBLUE FUND LIMITED (the "Company")

CONVERSION BETWEEN SHARE CLASSES & ADMISSION OF NEW SHARES

Conversions of C Shares to Ordinary Shares

On the basis of the net asset values of the Company's Ordinary Shares and C Shares as at 30 June 2010 (as previously announced on 27 July 2010), the C Share Conversion Ratios, calculated in accordance with the Company's prospectus dated 14 May 2010, are as follows:

0.6185 Sterling Shares for every one Sterling C Share;

0.6407 Euro Shares for every one Euro C Share; and

0.6395 US Dollar Shares for every one US Dollar C Share

On the basis of the Conversion Ratios:

A holder of 1,000 Sterling C Shares will receive 618 new Sterling Shares on Conversion;

A holder of 1,000 Euro C Shares will receive 640 new Euro Shares on Conversion; and

A holder of 1,000 US Dollar C Shares will receive 639 new US Dollar Shares on Conversion

The expected timetable for the conversion of C Shares into Ordinary Shares is as follows:

	2010
Record date for Conversion and C Share registers close	5.00 p.m. on 6 August
Conversion Time and C Shareholder CREST accounts credited with new Ordinary Shares (of the relevant class)	9 August

Conversions between Classes of Ordinary Shares

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 July 2010 (the "Conversion Day").

From Sterling Shares to Euro Shares                                                                                     20,000

From Sterling Shares to US Dollar Shares                                                                           487,240

From Euro Shares to Sterling Shares                                                                                       4,035

From Euro Shares to US Dollar Shares                                                                                151,870

From US Dollar Shares to Sterling Shares                                                                             40,278

The spot conversion rates used for these conversions were:

GBP / USD : 1.4958

GBP / EUR : 1.2218

EUR / USD : 1.2243

On the basis of the above and the net asset values of the Company's Ordinary Shares as at 30 June 2010, the Conversion Ratios, calculated in accordance with the Company's Articles of Association, are as follows:

1.26595 Euro Shares for every one Sterling Share;

1.54677 US Dollar Shares for every one Sterling Share;

0.789839 Sterling Shares for every one Euro Share;

1.221782 US Dollar Shares for every one Euro Share; and

0.646482 Sterling Shares for every one US Dollar Share.

Admission of New Shares

In aggregate, taking into account both the C Share Conversions and the Class Conversions, application has been made to the UK Listing Authority for 190,970,069 Sterling Shares, 5,074,332 Euro Shares and 31,474,040 US Dollar Shares to be admitted to the Official List.  Application has also been made for such Shares to be admitted to trading on the London Stock Exchange.  It is expected that such admissions will be effective and that dealings in the new Ordinary Shares will commence on 9 August 2010.

Accordingly, the Company's issued share capital with effect from 9 August 2010 will be as follows:

Sterling Shares:            464,095,773;  

Euro Shares:                9,789,071; and

US Dollar Shares:         52,568,096.

All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the Company is 526,002,940 (excluding 450,000 Sterling Shares held in treasury) and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FSA's Disclosure and Transparency Rules.

5 August 2010

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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