Conversion between Share Classes

RNS Number : 6412X

BlueCrest AllBlue Fund Ltd

14 January 2014

 



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 December 2013 (the "Conversion Day").

From Sterling Shares to Euro Shares                                                                           16,469

From Sterling Shares to US Dollar Shares                                                                    14,381

From Euro Shares to Sterling Shares                                                                         133,315

From US Dollar Shares to Sterling Shares                                                                  286,053

From US Dollar Shares to Euro Shares                                                                      100,000

Conversion ratios

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

£1.8208 in the case of Sterling Shares

€1.7571 in the case of Euro Shares

$1.7419 in the case of US Dollar Shares

The spot conversion rates used for these conversions were:

GBP/EUR:         1.2047

GBP/USD:         1.6365

EUR/GBP:         0.8301

USD/GBP:         0.6111

USD/EUR:         0.7362

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

1.248285 Euro Shares for every one Sterling Share

1.710590 US Dollar Shares for every one Sterling Share

0.801020 Sterling Shares for every one Euro Share

0.584580 Sterling Shares for every one US Dollar Share

0.729790 Euro Shares for every one US Dollar Share

Admission of new shares

Application has been made for 243,159 Sterling 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 17 January 2014.

Results of conversion

With effect from 17 January 2014, the issued share capital of the Company (excluding 47,756,014 Sterling Shares and 4,310,945 US Dollar 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:                        429,986,978

Euro Shares:                             8,772,100

US Dollar Shares:                     38,596,612

All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the Company is 477,355,690 (excluding 47,756,014 Sterling Shares and 4,310,945 US Dollar 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 FCA's Disclosure and Transparency Rules.

14 January 2014

For further information about this announcement contact:

JTC Fund Managers (Guernsey) Limited

Secretary

Tel:  [phone]

END OF ANNOUNCEMENT

E&OE - in transmission.

 

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