Result of C Share and Ordinar

RNS Number : 9088G

BlueCrest AllBlue Fund Ltd

09 February 2010

 



BlueCrest ALLBLUE FUND LIMITED (the "Company")

CONVERSION BETWEEN SHARE CLASSES & ADMISSION OF NEW SHARES

Conversions of C Shares to Ordinary Shares

On the basis of the net asset values of the Company's Ordinary Shares and C
Shares as at 31 December 2009 (as previously announced on 3 February 2010), the
C Share Conversion Ratios, calculated in accordance with the Company's
prospectus dated 2 December 2009, are as follows:

0.6501 Sterling Shares for every one Sterling C Share;

0.6737 Euro Shares for every one Euro C Share; and

0.6713 US Dollar Shares for every one US Dollar C Share

On the basis of the Conversion Ratios:

A holder of 1,000 Sterling C Shares will receive 650 new Sterling Shares on Conversion;

A holder of 1,000 Euro C Shares will receive 673 new Euro Shares on Conversion; and

A holder of 1,000 US Dollar C Shares will receive 671 new US Dollar Shares on Conversion

The expected timetable for the conversion of C Shares into Ordinary Shares is as follows:

	2010
Record date for Conversion and C Share registers close	5 p.m. on 11 February
Conversion Time and C Shareholder CREST accounts credited with new Ordinary Shares (of the relevant class)	12 February

Conversions between Classes of Ordinary Shares

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 4 January 2010 (the "Conversion Day").

From Sterling Shares to Euro Shares                                                                                   174,235

From Sterling Shares to US Dollar Shares                                                                           332,158

From Euro Shares to Sterling Shares                                                                                1,093,800

From Euro Shares to US Dollar Shares                                                                                350,000

The spot conversion rates used for these conversions were:

GBP / USD : 1.6172

GBP / EUR : 1.1288

EUR / USD : 1.4327

On the basis of the above and the net asset values of the Company's Ordinary Shares as at 31 December 2009, the Conversion Ratios, calculated in accordance with the
Company's Articles of Association, are as follows:

1.169828 Euro Shares for every one Sterling Share;

1.670003 US Dollar Shares for every one Sterling Share;

0.854813 Sterling Shares for every one Euro Share; and

1.427549 US Dollar Shares for every one Euro Share.

Admission of New Shares

In aggregate, taking into account both the C Share Conversions and the Class
Conversions, application has been made to the UK Listing Authority for
63,109,912 Sterling Shares and 4,968,449 US Dollar Shares to be admitted to the Official List.  Application has also been made for such Shares to be admitted to trading on the London Stock Exchange.  It is expected that such admissions will be effective and that dealings in the new Ordinary Shares will commence on 12 February 2010.

Accordingly, the Company's issued share capital with effect from 12 February 2010 will be as follows:

Sterling Shares:            273,733,327;  

Euro Shares:                4,803,201; and

US Dollar Shares:         20,884,444.

All shareholders have equal voting rights based on the number of shares held.
Accordingly, the total number of voting rights in the Company is 298,420,972 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.

9 February 2010

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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