Conversion between Share Classes

RNS Number : 8437S

BlueCrest AllBlue Fund Ltd

12 November 2013

 



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 October 2013 (the "Conversion Day").

From Sterling Shares to US Dollar Shares                                                                    11,494

From US Dollar Shares to Sterling Shares                                                                    33,811

Conversion ratios

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

£1.7751 in the case of Sterling Shares

€1.7115 in the case of Euro Shares

$1.6966 in the case of US Dollar Shares

The spot conversion rates used for these conversions were:

GBP/USD:         1.6183

USD/GBP:         0.6179

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

1.693144 US Dollar Shares for every one Sterling Share

0.590547 Sterling Shares for every one US Dollar Share

Admission of new shares

Application has been made for 8,473 Sterling 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 18 November 2013.

Results of conversion

With effect from 18 November 2013, the issued share capital of the Company (excluding 42,714,797 Sterling Shares and 4,310,945 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:                        435,316,473

Euro Shares:                             8,596,498

US Dollar Shares:                     38,798,509

All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the Company is 482,711,480 (excluding 42,714,797 Sterling Shares and 4,310,945 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.

12 November 2013

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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