Conversion between Share Classes

RNS Number : 8226X

BlueCrest AllBlue Fund Ltd

13 February 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 January 2013 (the "Conversion Day").

From Sterling Shares to Euro Shares                                                                           18,000

From Sterling Shares to US Dollar Shares                                                               1,733,082

From Euro Shares to Sterling Shares                                                                      1,171,500

From US Dollar Shares to Sterling Shares                                                                  285,300

Conversion ratios

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

£1.7929 in the case of Sterling Shares

€1.7298 in the case of Euro Shares

$1.7130 in the case of US Dollar Shares

The spot conversion rates used for these conversions were:

GBP/EUR          1.2308

GBP/USD:         1.6244

EUR/GBP:         0.8125

USD/GBP:         0.6156

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

1.275667 Euro Shares for every one Sterling Share

1.700115 US Dollar Shares for every one Sterling Share

0.783883 Sterling Shares for every one Euro Share

0.588195 Sterling Shares for every one US Dollar Share

Admission of new shares

Application has been made for 2,661,138 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 18 February 2013.

Results of conversion

With effect from 18 February 2013, the issued share capital of the Company (excluding 25,803,151 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:                        471,390,615

Euro Shares:                             9,156,455

US Dollar Shares:                     82,702,674

All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the Company is 563,249,744 (excluding 25,803,151 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.

13 February 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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