Result of C Share and Ordinary Share Conversion

 

TIDMBABS TIDMBABF TIDMBABC 
 
RNS Number : 9088G 
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:  [phone] 
 
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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