Results of Conversion & Admission to listing
August 05 2010 - 12:07PM
UK Regulatory
TIDMBABC TIDMBABF TIDMBABV
RNS Number : 6389Q
BlueCrest AllBlue Fund Ld CGBP
05 August 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 30 June 2010 (as previously announced on 27 July 2010), the C Share
Conversion Ratios, calculated in accordance with the Company's prospectus dated
14 May 2010, are as follows:
0.6185 Sterling Shares for every one Sterling C Share;
0.6407 Euro Shares for every one Euro C Share; and
0.6395 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 618 new Sterling Shares on
Conversion;
A holder of 1,000 Euro C Shares will receive 640 new Euro Shares on Conversion;
and
A holder of 1,000 US Dollar C Shares will receive 639 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 | 5.00 p.m. on 6 August |
| registers close | |
+----------------------------------------+--------------------------+
| Conversion Time and C Shareholder | 9 August |
| 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 1 July 2010 (the "Conversion Day").
From Sterling Shares to Euro Shares
20,000
From Sterling Shares to US Dollar Shares
487,240
From Euro Shares to Sterling Shares
4,035
From Euro Shares to US Dollar Shares
151,870
From US Dollar Shares to Sterling Shares
40,278
The spot conversion rates used for these conversions were:
GBP / USD : 1.4958
GBP / EUR : 1.2218
EUR / USD : 1.2243
On the basis of the above and the net asset values of the Company's Ordinary
Shares as at 30 June 2010, the Conversion Ratios, calculated in accordance with
the Company's Articles of Association, are as follows:
1.26595 Euro Shares for every one Sterling Share;
1.54677 US Dollar Shares for every one Sterling Share;
0.789839 Sterling Shares for every one Euro Share;
1.221782 US Dollar Shares for every one Euro Share; and
0.646482 Sterling Shares for every one US Dollar 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
190,970,069 Sterling Shares, 5,074,332 Euro Shares and 31,474,040 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 9 August 2010.
Accordingly, the Company's issued share capital with effect from 9 August
2010 will be as follows:
Sterling Shares: 464,095,773;
Euro Shares: 9,789,071; and
US Dollar Shares: 52,568,096.
All shareholders have equal voting rights based on the number of shares
held. Accordingly, the total number of voting rights in the Company is
526,002,940 (excluding 450,000 Sterling Shares held in treasury) 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.
5 August 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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