Conversions Between Share Classes

RNS Number : 0731X

BlueCrest AllBlue Fund Ltd

08 February 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 3 January 2012 (the "Conversion Day").

From Sterling Shares to Euro Shares                                                                         290,000

From Sterling Shares to US Dollar Shares                                                                      5,751

From Euro Shares to Sterling Shares                                                                         138,529

From Euro Shares to US Dollar Shares                                                                        25,295

From US Dollar Shares to Euro Shares                                                                        19,632

Conversion ratios

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

£1.6834 in the case of Sterling Shares

€1.6333 in the case of Euro Shares

$1.6187 in the case of US Dollar Shares

The spot conversion rates used for these conversions were:

GBP/EUR:         1.1986

GBP/USD:         1.5512

EUR/GBP:         0.8343

EUR/USD:         1.2942

USD/EUR:         0.7727

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

1.235348 Euro Shares for every one Sterling Share

1.613111 US Dollar Shares for every one Sterling Share

0.809477 Sterling Shares for every one Euro Share

1.305792 US Dollar Shares for every one Euro Share  

0.765791 Euro Shares for every one US Dollar Share

Admission of new shares

Application has been made for 209,461 Euro Shares and 22,675 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 February 2012.

Results of conversion

With effect from 14 February 2012, the issued share capital of the Company will be as follows:

Sterling Shares:            496,296,684

Euro Shares:                 9,225,784

US Dollar Shares:         84,051,113

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.

8 February 2012

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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