Share Conversion - General Te

RNS Number : 7009L

BlueCrest AllBlue Fund Ltd

11 May 2010

 



BlueCrest ALLBLUE FUND LIMITED (the "Company")

GENERAL TEXT AMENDMENT - CONVERSION BETWEEN SHARE CLASSES & ADMISSION OF NEW SHARES

The following amendments have been made to the 'Conversion between share classes & admission of new shares' announcement released on 7 May 2010 at 09.59 under RNS no 5259L09:

The conversion ratio for US Dollar Shares to Sterling Shares was stated incorrectly and has been changed to read:

1.568930 US Dollar Shares for every one Sterling Share

The number of US Dollar Shares to be admitted to the Official List of the UK Listing Authority was incorrectly stated and has been changed to read.

Application was made for 205,797 US Dollar Shares to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange and such listing became effective and dealings in such shares commenced on 10 May 2010.

An additional application has been made for 3,815 additional US Dollar Shares to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange and it is expected that such listing will become effective and dealings in such shares will commence on 17 May 2010.

The number of US Dollar Shares in issue was incorrectly stated and has been amended from 21,090,241 to 21,094,056.

All other details remain unchanged.

The full amended text is shown below.

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 2010 (the "Conversion Day").

From Sterling Shares to Euro Shares                                                                   :       39,972

From Sterling Shares to US Dollar Shares                                                            :     107,834

From Euro Shares to Sterling Shares                                                                      :  105,000

From Euro Shares to US Dollar Shares                                                                        30,000

Conversion ratios

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

£1.5774 in the case of Sterling Shares

€1.5226 in the case of Euro Shares

$1.5264 in the case of US Dollar Shares

The spot conversion rate used for this conversion was:

GBP / USD : 1.5183

GBP / EUR : 1.1238

EUR / USD : 1.3510

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

1.164265 Euro Shares for every one Sterling Share

1.568930 US Dollar Shares for every one Sterling Share

0.858886 Sterling Shares for every one Euro Share

1.347600 US Dollar Shares for every one Euro Share

Admission of new shares

Application was made for 205,797 US Dollar Shares to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange and such listing became effective and dealings in such shares commenced on 10 May 2010.

An additional application has been made for 3,815 additional US Dollar Shares to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange and it is expected that such listing will become effective and dealings in such shares will commence on 17 May 2010.

Results of conversion

With effect from 10 May 2010, the issued share capital of the Company will be as follows:

Sterling Shares:            273,125,704

Euro Shares:                 4,714,739

US$ Shares:                 21,094,056

11 May 2010

For further information about this announcement contact:

Anson Fund Managers Limited

Secretary

Tel:  [phone]

END OF ANNOUNCEMENT

E&OE - in transmission.

 

END

 

 

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