Conversion Between Share Classes

RNS Number : 2294M

BlueCrest AllBlue Fund Ltd

05 May 2015

 



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 April 2015 (the "Conversion Day").

From Sterling Shares to US Dollar Shares     333,143

From US Dollar Shares to Sterling Shares     3,904,022

Conversion ratios

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

£2.0035 in the case of Sterling Shares

$1.9116 in the case of US Dollar Shares

The spot conversion rate used for this conversion was:

GBP/USD:         1.484450

USD/GBP:         0.673650

On the basis of the above, the conversion ratio was as follows:

1.555764 US Dollar Shares for every one Sterling Share

0.642750 Sterling Shares for every one US Dollar Share

Admission of new shares

Application has been made for 2,176,166 Sterling Shares to be admitted to the Official List of the Financial Conduct 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 11 May 2015.

Results of conversion

With effect from 11 May 2015, the issued share capital of the Company (excluding 43,394,255 Sterling Shares and 3,950,849 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:                        393,951,134

US Dollar Shares:                     32,614,565

All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the Company is 426,565,699 (excluding 43,394,255 Sterling Shares and 3,950,849 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.

5 May 2015

For further information about this announcement contact:

JTC (Guernsey) Limited

Secretary

Tel:  [phone]

END OF ANNOUNCEMENT

E&OE - in transmission.

 

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