Conversion between Share Classes

RNS Number : 4595G

BlueCrest AllBlue Fund Ltd

07 May 2014

 



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 April 2014 (the "Conversion Day").

From Sterling Shares to US Dollar Shares                                                                 600,000

From Euro Shares to Sterling Shares                                                                         200,000

From Euro Shares to US Dollar Shares                                                                      199,570

From US Dollar Shares to Sterling Shares                                                                  178,000

Conversion ratios

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

£1.8609 in the case of Sterling Shares

€1.7951 in the case of Euro Shares

$1.7793 in the case of US Dollar Shares

The spot conversion rates used for these conversions were:

GBP/USD:         1.6671

EUR/GBP:         0.8263

EUR/USD:         1.3775

USD/GBP:         0.5998

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

1.743552 US Dollar Shares for every one Sterling Share

0.797095 Sterling Shares for every one Euro Share

1.389778 US Dollar Shares for every one Euro Share

0.573539 Sterling Shares for every one US Dollar Share

Admission of new shares

Application has been made for 1,145,489 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 12 May 2014.

Results of conversion

With effect from 12 May 2014, the issued share capital of the Company (excluding 45,853,005 Sterling 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:                        412,693,013

Euro Shares:                             8,536,334

US Dollar Shares:                     41,522,672

All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the Company is 462,752,019 (excluding 45,853,005 Sterling 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.

7 May 2014

For further information about this announcement contact:

JTC Fund Managers (Guernsey) Limited

Secretary

Tel:  [phone]

END OF ANNOUNCEMENT

E&OE - in transmission.

 

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