Statement re Share Conversion

RNS Number : 7419V

BlueCrest AllBlue Fund Ltd

05 November 2010

 



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 2010 (the "Conversion Day").

From Sterling Shares to Euro Shares                                                                        153,880

From Sterling Shares to US Dollar Shares                                                               1,684,866

From Euro Shares to US Dollar Shares                                                                        33,928

Conversion ratios

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

£1.6396 in the case of Sterling Shares

€1.5824 in the case of Euro Shares

$1.5846 in the case of US Dollar Shares

The spot conversion rate used for this conversion was:

GBP / USD : 1.5715

GBP / EUR : 1.1520

EUR / USD : 1.3641

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

1.193683 Euro Shares for every one Sterling Share

1.625992 US Dollar Shares for every one Sterling Share

1.362149 US Dollar Shares for every one Euro Share

Admission of new shares

Application has been made for 2,785,793 US Dollar Shares and 149,756 Euro Shares to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange.  It is expected that such listing will become effective and that dealings in such shares will commence on 10 November 2010.

Results of conversion

With effect from 10 November 2010, the issued share capital of the Company will be as follows:

Sterling Shares:            508,620,195

Euro Shares:                 10,916,755

US$ Shares:                 60,605,442

All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the Company is 579,692,392 (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 November 2010

For further information about this announcement contact:

Anson Fund Managers Limited

Secretary

Tel:  [phone]

END OF ANNOUNCEMENT

E&OE - in transmission.

 

END

 

 

CONUGGPGGUPUGMA