Conversion between Share Classes

RNS Number : 2849E

BlueCrest AllBlue Fund Ltd

08 May 2013

 



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 2 April 2013 (the "Conversion Day").

From Sterling Shares to Euro Shares                                                                         125,000

From Sterling Shares to US Dollar Shares                                                               3,405,608

From US Dollar Shares to Sterling Shares                                                                    79,698

Conversion ratios

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

£1.8274 in the case of Sterling Shares

€1.7622 in the case of Euro Shares

$1.7452 in the case of US Dollar Shares

The spot conversion rates used for these conversions were:

GBP/EUR:         1.1852

GBP/USD:         1.5196

USD/GBP:         0.6581

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

1.229048 Euro Shares for every one Sterling Share

1.591174 US Dollar Shares Shares for every one Sterling Share

0.628460 Sterling Shares for every one US Dollar Share

Admission of new shares

Application has been made for 153,631 Euro Shares and 5,339,216 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 14 May 2013.

Results of conversion

With effect from 14 May 2013, the issued share capital of the Company (excluding 29,314,797 Sterling shares held in treasury and subject to there being no further transactions in the Company's shares during the intervening period in accordance with the share buy back programme announced on 28 May 2012) will be as follows:

Sterling Shares:                        443,144,219

Euro Shares:                             9,375,386

US Dollar Shares:                     121,710,438

All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the Company is 574,230,043 (excluding 29,314,797 Sterling Shares held in treasury and subject to there being no further transactions in the Company's shares during the intervening period in accordance with the share buy back programme announced on 28 May 2012) 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.

Suspension of conversion

As announced by the Company on 17 April 2013 the Board has suspended all future conversions of Euro Shares or Sterling Shares into US Dollar Shares pending conclusion of the Redemption Offer to US Dollar Shareholders. For the avoidance of doubt US Dollar shares may still be submitted for conversion into Euro Shares or Sterling Shares.

8 May 2013

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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