Result of C Share and Ordinary Share Conversion
February 09 2010 - 11:05AM
UK Regulatory
TIDMBABS TIDMBABS TIDMBABE TIDMBABU TIDMBABV
RNS Number : 9084G
BlueCrest AllBlue Fund Ltd
09 February 2010
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 | 5 p.m. on 11 February |
| registers close | |
+----------------------------------------+--------------------------+
| Conversion Time and C Shareholder | 12 February |
| CREST accounts credited with new | |
| Ordinary Shares (of the relevant | |
| class) | |
+----------------------------------------+--------------------------+
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: 44 (0) 1481 722 260
END OF ANNOUNCEMENT
E&OE - in transmission.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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