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RNS Number : 3335M

BlueCrest BlueTrend Limited

15 July 2014

BlueCrest BlueTrend Limited (the 'Company')

Compulsory Conversion of US$ Shares into Sterling Shares

Pursuant to the announcement on 27 June 2014 of the results of the tender offer for up to 100 per cent of each class of share in issue in the Company (excluding treasury shares) which closed on 25 June 2014 (the "Tender Offer") the Company announced on 10 July 2014 the conversion ratio in connection with the compulsory conversion into Sterling Shares of the US$ Shares which have not been tendered ("Conversion"), being:

   US$ to Sterling:    0.582322

On the basis of the number of US$ Shares in issue which have not been tendered pursuant to the Tender Offer, application has been made to the UK Listing Authority for 13,153,657 re-designated Sterling Shares to be admitted to the Official List and 22,588,318 US$ Shares to be delisted from the Official List.

It is expected that such admissions will be effective and that dealings in the re-designated Sterling Shares will commence on 18 July 2014.

It is expected that the Tender Offer will be completed on 17 July 2014. Accordingly, the Company's issued share capital with effect from 18 July 2014 will be as follows (excluding shares held in treasury):

47,577,128 Sterling Shares

Following conversion (which is expected to take place on 18 July 2014) there will be no US% Shares in issue and the total number of voting rights in the Company will be 47,577,128. 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.

Expected timetable:

 
                                                          2014 
-------------------------------------------  ----------------- 
 Date of conversion                                    18 July 
 
  CREST accounts credited with new Sterling       By 8.00am on 
  Shares                                               18 July 
 
  New/updated share certificates sent to       Week commencing 
  Shareholders (in the case of Sterling                21 July 
  Shares held in certificated form). 
-------------------------------------------  -----------------

ISIN:

 
 Sterling   GG00B7MSX903 
  Shares:

Enquiries:

 
 Kellie Blondel                                 Tel: +44 (0)1481 743948 
  Dexion Capital (Guernsey) Limited    Kellie.blondel@dexioncapital.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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