Conversion between Share Classes

RNS Number : 9629P

BlueCrest AllBlue Fund Ltd

11 October 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 September 2011 (the "Conversion Day").

From Sterling Shares to Euro Shares                                                                         116,790

From Sterling Shares to US Dollar Shares                                                                  299,000

From Euro Shares to US Dollar Shares                                                                      330,000

From US Dollar Shares to Sterling Shares                                                                  247,311

From US Dollar Shares to Euro Shares                                                                      150,000

Conversion ratios

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

£1.6830 in the case of Sterling Shares

€1.6296 in the case of Euro Shares

$1.6208 in the case of US Dollar Shares

The spot conversion rates used for these conversions were:

GBP/EURO:      1.1293

GBP/USD:         1.6242

EURO/USD:      1.4383

USD/GBP:         0.6157

USD/EURO:      0.6953

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

1.166290 Euro Shares for every one Sterling Share

1.686528 US Dollar Shares for every one Sterling Share

1.446058 US Dollar Shares for every one Euro Share

0.592930 Sterling Shares for every one US Dollar Share

0.691533 Euro Shares for every one US Dollar Share

Admission of new shares

Application has been made for 584,160 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 October 2011.

Results of conversion

With effect from 14 October 2011, the issued share capital of the Company will be as follows:

Sterling Shares:            496,727,857

Euro Shares:                 9,245,524

US Dollar Shares:         83,306,535

All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the Company is 589,279,916 (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.

11 October 2011

For further information about this announcement contact:

Anson Fund Managers Limited

Secretary

Tel:  [phone]

END OF ANNOUNCEMENT

E&OE - in transmission.

 

END

 

 

MSCUASRRAVARAAA