Statement re Conversion between Share Classes

RNS Number : 8120Z

BlueCrest AllBlue Fund Ltd

12 March 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 February 2013 (the "Conversion Day").

From Sterling Shares to Euro Shares                                                                          388,955

From Sterling Shares to US Dollar Shares                                                                    35,274

From Euro Shares to Sterling Shares                                                                          276,000

From US Dollar Shares to Sterling Shares                                                                  301,000

Conversion ratios

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

£1.8079 in the case of Sterling Shares

€1.7444 in the case of Euro Shares

$1.7272 in the case of US Dollar Shares

The spot conversion rates used for these conversions were:

GBP/EUR          1.1682

GBP/USD:         1.5858

EUR/GBP:         0.8560

USD/GBP:         0.6306

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

1.210744 Euro Shares for every one Sterling Share

1.659863 US Dollar Shares for every one Sterling Share

0.825935 Sterling Shares for every one Euro Share

0.602445 Sterling Shares for every one US Dollar Share

Admission of new shares

Application has been made for 194,925 Euro 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 March 2013.

Results of conversion

With effect from 18 March 2013, the issued share capital of the Company (excluding 26,648,202 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:                        470,530,629

Euro Shares:                             9,351,380

US Dollar Shares:                     82,460,224

All shareholders have equal voting rights based on the number of shares held. Accordingly, the total number of voting rights in the Company is 562,342,233 (excluding 26,648,202 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 FSA's Disclosure and Transparency Rules.

12 March 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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