Conversion between Share Classes

RNS Number : 4807T

BlueCrest AllBlue Fund Ltd

06 December 2011

 



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 November 2011 (the "Conversion Day").

From Sterling Shares to US Dollar Shares                                                                  132,029

From Euro Shares to Sterling Shares                                                                         219,790

From Euro Shares to US Dollar Shares                                                                        14,000

From US Dollar Shares to Sterling Shares                                                                    30,000

Conversion ratios

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

£1.6605 in the case of Sterling Shares

€1.6097 in the case of Euro Shares

$1.598 in the case of US Dollar Shares

The spot conversion rates used for these conversions were:

GBP/USD:         1.6135

EURO/GBP:      0.8628

EURO/USD:      1.3921

USD/GBP:         0.6198

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

1.676579 US Dollar Shares for every one Sterling Share

0.836385 Sterling Shares for every one Euro Share

1.402286 US Dollar Shares for every one Euro Share

0.596433 Sterling Shares for every one US Dollar Shares

Admission of new shares

Application has been made for 69,693 Sterling Shares and 210,989 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 9 December 2011.

Results of conversion

With effect from 9 December 2011, the issued share capital of the Company will be as follows:

Sterling Shares:            496,874,690

Euro Shares:                 8,674,534

US Dollar Shares:         83,847,919

All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the Company is 588,947,143 (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.

06 December 2011

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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