Conversion between Share Classes
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 4 January 2011 (the "Conversion Day").
From Euro Shares to US Dollar Shares 97,594
From US Dollar Shares to Sterling Shares 61,841
Conversion ratios
The net asset value per share of each class as at the Conversion Day was as follows:
£1.6469 in the case of Sterling Shares
€1.5900 in the case of Euro Shares
$1.5903 in the case of US Dollar Shares
The spot conversion rate used for this conversion was:
EUR/USD : 1.3371
USD/GBP : 0.6413
On the basis of the above, the conversion ratios are as follows:
1.336773 US Dollar Shares for every one Euro Share
0.619282 Sterling Shares for every one US Dollar Share
Admission of new shares
Application has been made for 38,297 Sterling Shares and 68,620 US Dollar 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 16 February 2011.
Results of conversion
With effect from 16 February 2011, the issued share capital of the Company will be as follows:
Sterling Shares: 505,878,473
Euro Shares: 13,263,381
US Dollar Shares: 61,871,810
All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the Company is 580,563,664 (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.
15 February 2011
For further information about this announcement contact:
Anson Fund Managers Limited
Secretary
Tel: 44 (0) 1481 722 260
END OF ANNOUNCEMENT
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