Results of Issue

RNS Number : 9069N

BlueCrest AllBlue Fund Ltd

21 June 2010

 



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 £348.6 million (using prevailing exchange rates as at 4.30 p.m. London time on 17 June 2010), comprising £309.5 million in respect of Sterling C Shares, EUR8.1 million in respect of Euro C Shares and US$47.8 million in respect of US$ C Shares. 

Richard Crowder, Chairman of the Company, said: "This is the Company's largest fundraising to date and its success is a testament to the Company's track record of excellent performance. We have been delighted with the demand from existing and new investors and BlueCrest remains confident that market conditions are propitious for the Company's future success."

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, 309,536,109 Sterling C Shares, 8,123,800 Euro C Shares and 47,810,975 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 £808.7 million.

The Company anticipates that at least 95 per cent. of the aggregate net proceeds of the Issue will be invested, or committed to be invested, by 1 July 2010 in AllBlue in accordance with the Company's investment policy.

RBS Hoare Govett Limited and Dexion Capital plc acted as joint bookrunners to the Issue. RBS Hoare Govett Limited also acted as sole sponsor and corporate broker 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 main market for listed securities of the London Stock Exchange. It is expected that such admissions will become effective and that dealings in the C Shares will commence on 23 June 2010.

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	GG00B3Y72K13
Euro C Shares of no par value	GG00B3XGCG56
US$ C Shares of no par value	GG00B3R7T744

Enquiries:

Gary Gould/Alex Collins RBS Hoare Govett Limited	Tel: [phone]
Robin Bowie/Ana Haurie Dexion Capital plc	Tel: [phone]
Ed Orlebar/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 Prospectus, comprising a Summary Note, Securities Note and Registration Document dated 14 May 2010.

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

 

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