Results of Issue

RNS Number : 9871D

BlueCrest AllBlue Fund Ltd

11 December 2009

 



BlueCrest AllBlue Fund Limited

Results of Issue

The Board of BlueCrest AllBlue Fund Limited (the “Company”) is pleased to announce that applications have been received pursuant to the Issue for C Shares with an aggregate value of approximately £101.0 million (using prevailing exchange rates as at 4.30 p.m. London time on 10 December 2009), comprising £96.4 million in respect of Sterling C Shares, EUR1.1 million in respect of Euro C Shares and US$5.8 million in respect of US$ C Shares.

Under the structure of the Issue, all valid applications for C Shares received under the Placing and Offer for Subscription will be accepted in full. Accordingly, 96,417,954 Sterling C Shares, 1,097,780 Euro C Shares and 5,830,631 US$ C Shares will be issued pursuant to the Issue.  As a result of the Issue, the Company will have aggregate net assets of approximately £440.3 million.

BlueCrest anticipates that at least 95 per cent. of the aggregate net proceeds of the Issue will be invested, or committed to be invested, by 4 January 2010 in AllBlue in accordance with the Company's investment policy.

RBS Hoare Govett Limited acted as sponsor and sole placing agent to the Issue.

Application has been made to the UK Listing Authority for all the C Shares of the Company which are the subject of the Issue to be admitted to the Official List. Application has also been made for such C Shares to be admitted to trading on the London Stock Exchange. It is expected that such admissions will become effective and that dealings in the C Shares will commence on 16 December 2009.

The ISIN codes for the Company's Shares are as follows:

Share Class	ISIN
Sterling Shares of no par value	GB00B13YVW48
Euro Shares of no par value	GB00B13YXC81
US$ Shares of no par value	GB00B13YXH37
Sterling C Shares of no par value	GG00B3QFJX58
Euro C Shares of no par value	GG00B3RX4S86
US$ C Shares of no par value	GG00B3NPKD50

Enquiries: 

Gary Gould RBS Hoare Govett Limited	Tel: [phone]
Ed Orlebar/Caroline Villiers/Louise Hatch M:Communications	Tel: [phone]
Anson Fund Managers Limited Secretary	Tel: [phone]

Terms used in this announcement shall, unless the context otherwise requires, bear the meanings given to them in the Registration Document, Securities Note and Summary Note dated 2 December 2009.

RBS Hoare Govett Limited, which is authorised and regulated by the Financial Services Authority, is acting exclusively for the Company and no one else in connection with the Issue and is not advising any person or treating any person as its customer in relation to the Issue and will not be responsible to anyone other than the Company for providing the protections afforded to clients of RBS Hoare Govett or for providing advice in relation to the Issue or any matter referred to herein.

 

END

 

 

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