Conversion Between Share Classes

RNS Number : 5162B

BlueCrest AllBlue Fund Ltd

17 April 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 March 2012 (the "Conversion Day").

From Sterling Shares to US Dollar Shares                                                                  178,393

From Euro Shares to Sterling Shares                                                                             3,661

From US Dollar Shares to Sterling Shares                                                                  137,542

Conversion ratios

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

£1.7070 in the case of Sterling Shares

€1.6563 in the case of Euro Shares

$1.6401 in the case of US Dollar Shares

The spot conversion rates used for these conversions were:

GBP/USD:         1.5922

EUR/GBP:         0.8377

USD/GBP:         0.6281

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

1.657133 US Dollar Shares for every one Sterling Share

0.812620 Sterling Shares for every one Euro Share

0.603445 Sterling Shares for every one US Dollar Share

Admission of new shares

Application has been made for 158,079 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 23 April        2012.

Results of conversion

With effect from 23 April 2012, the issued share capital of the Company will be as follows:

Sterling Shares:            495,978,718

Euro Shares:                 9,496,283

US Dollar Shares:         84,216,681

All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the Company is 589,123,581 (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.

17 April 2012

For further information about this announcement contact:

Anson Fund Managers Limited

Secretary

Tel:  [phone]

END OF ANNOUNCEMENT

E&OE - in transmission.

 

END

 

 

STRUBRSRUKASAAR