Conversion between share classes

RNS Number : 2352V

BlueCrest AllBlue Fund Ltd

09 January 2012

 



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 December 2011 (the "Conversion Day").

From Sterling Shares to Euro Shares                                                                         288,391

From Sterling Shares to US Dollar Shares                                                                 106,000

From Euro Shares to US Dollar Shares                                                                          5,586

Conversion ratios

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

£1.6699 in the case of Sterling Shares

€1.6196 in the case of Euro Shares

$1.6064 in the case of US Dollar Shares

The spot conversion rates used for these conversions were:

GBP/EURO:      1.1682

GBP/USD:         1.5696

EURO/USD:      1.3436

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

1.204528 Euro Shares for every one Sterling Share

1.631632 US Dollar Shares for every one Sterling Share

1.354458 US Dollar Shares for every one Euro Share  

Admission of new shares

Application has been made for 341,789 Euro Shares and 180,519 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 13 January 2012.

Results of conversion

With effect from 13 January 2012, the issued share capital of the Company will be as follows:

Sterling Shares:            496,030,299

Euro Shares:                 9,016,323

US Dollar Shares:         84,028,438

All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the Company is 589,075,060 (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.

9 January 2012

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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