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RNS Number : 9464L

BlueCrest BlueTrend Limited

10 July 2014

10 July 2014

BlueCrest BlueTrend Limited

Conversion Ratio

As stated in the RNS announcement on 27 June 2014, the US$ Share class will not meet the Shares in Public Hands Requirement following completion of the Tender Offer. Therefore, as set out in the Circular to shareholders dated 5 June 2014, and in accordance with the Company's Articles, the US$ Shares that will not be purchased under the Tender Offer will be compulsory converted into Sterling Shares on the basis of the Net Asset Value as at 30 June 2014, adjusted to include the uplift in NAV per share as referred to in the release of 9 July 2014.

The conversion ratio, calculated in accordance with the Company's Articles is:

US$ to Sterling: 0.582322

It is expected that conversion will take effect on or around 17 July 2014. A further announcement will be made in due course confirming both the conversion date and the number of Sterling shares resulting from the conversion.

Enquiries:

 
Robin Bowie/Katie Standley   Tel: +44 (0) 20 7832 0900 
 Dexion Capital plc 
 Kellie Blondel/Carol Kilby   Tel: +44 (0) 1481 743940 
  Dexion Capital (Guernsey) 
  Limited 
 
 
 

Terms used in this announcement shall, unless the context otherwise requires, bear the meanings given to them in the Circular dated 5 June 2014.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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