Conversion of Shares Classes

RNS Number : 7913U

Close AllBlue Fund Limited

19 May 2008

 



CLOSE 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 2007 (the 'Conversion Day').

From GBP Shares to EUR Shares        : 7,500

From GBP Shares to US$ Shares        : 35,000

From EUR Shares to GBP Shares        : 1,021,855

From EUR Shares to US$ Shares        : 52,000

From US$ Shares to GBP Shares        : 3,150,000

From US$ Shares to EUR Shares        : 0

Conversion ratios

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

£1.1732 in the case of Sterling Shares

€1.1382 in the case of Euro Shares

$1.1648 in the case of US$ Shares

The spot currency conversion rates as at the Conversion Day were as follows:

£1:€1.2565, £1:US$1.9837, €1: £0.7957, €1:US$1.5788, US$1:£0.5041, US$1:€0.6334

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

1.295067 Euro Shares for every one Sterling Share

1.998000 US$ Shares for every one Sterling Share 

0.772117  Sterling Shares for every one Euro Share

1.542731 US$ Shares for every one Euro Share

0.500499 Sterling Shares for every one US$ Share

0.000000 Euro Shares for every one US$ Share

Results of conversion

With effect from 1 April 2008, the issued share capital (including 198,000 Sterling shares held in Treasury) of the Company will be as follows:

Sterling Shares:    137,606,662

Euro Shares:            4,612,735

US$ Shares:        6,632,754

Admission of new shares

Application has been made for 2,323,063 Sterling Shares to be listed on AIM by Anson Fund Managers Limited. It is expected that such listing will become effective and that dealings in such shares will commence on 23 May 2008.

19 May 2008

For further information about this announcement contact: 

Anson Fund Managers Limited

Secretary

Tel: [phone]

Collins Stewart Europe Limited

Nominated Advisor

Hugh Field

Tel: [phone]

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E&OE - in transmission.

 

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