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RNS Number : 7013F
BlueCrest BlueTrend Limited
19 June 2012
BlueCrest BlueTrend Limited
19 June 2012
New Prospectus and Placing
BlueCrest BlueTrend Limited (the "Company") launched on 23 March
2012, raising GBP165 million. Since that date the Company has
issued a further 13.36 million shares raising a total of GBP12.4
million (representing 9.5 per cent of the Sterling shares and 3.5
per cent of the US Dollar shares in issue) at premiums of 2 - 3.25
per cent to the previously published Net Asset Value. The Directors
are aware that there is ongoing demand for the Company's shares,
and in order to issue new shares in accordance with the Listing
Rules a prospectus is required to be published. Accordingly, the
Directors have determined to publish a prospectus which will permit
the issue of ordinary shares and C shares (together, "Shares") over
the subsequent 12 months.
It is intended that an initial issue of Shares will be
undertaken by way of a placing which is expected to close towards
the end of July 2012 (the "Placing"). The costs of the Placing to
be borne by investors subscribing for Shares is expected to be 1.25
per cent of the amount subscribed.
In order to grow the Company and to manage the premium of the
Company's share prices to Net Asset Value, following the close of
the Placing, Shares may be issued at premiums of up to 3.5 per cent
to the latest published Net Asset Value, subject to available
capacity in the underlying funds (the "BlueTrend Funds"). The
premium is expected to vary with, among other things, the period of
time remaining until the next subscription date for the BlueTrend
Funds.
Investor Enquiries:
BlueCrest Capital Management
Bob Shea 020 3180 3000
Dexion Capital plc
Ana Haurie/Ravi Anand 020 7832 0900
Media Enquiries:
Tulchan Communications
Ed Orlebar 020 7353 4200
Important Notices
Unless otherwise stated capitalised terms used in this
announcement have the same meaning as stated in the Company's
prospectus dated 29 February 2012.
This announcement does not constitute or form part of, and
should not be construed as, any offer for sale or subscription of,
or solicitation of any offer to buy or subscribe for, any share in
the Company or securities in any other entity, in any jurisdiction,
including the United States, Australia, Canada, Japan, nor shall
it, or any part of it, or the fact of its distribution, form the
basis of, or be relied on in connection with, any contract or
investment decision whatsoever, in any jurisdiction. This
announcement does not constitute a recommendation regarding any
securities.
This announcement is an advertisement and not a prospectus and
investors should not subscribe for or purchase any shares referred
to in this announcement except on the basis of the information in
the prospectus to be published by the Company in due course in
connection with the admission of the shares of the Company to the
Official List of the Financial Services Authority and to trading on
the London Stock Exchange plc's main market for listed securities
(the "Prospectus"). Copies of the Prospectus will, following
publication, be available from the Company's registered office.
This announcement, and the information contained therein, is not
for viewing, release, distribution or publication in or into the
United States, Australia, Canada or Japan or any other jurisdiction
where applicable laws prohibit its release, distribution or
publication, and will not be made available to any national,
resident or citizen of the United States, Australia, Canada or
Japan. The distribution of this announcement in other jurisdictions
may be restricted by law and persons into whose possession this
announcement comes must inform themselves about, and observe, any
such restrictions. Any failure to comply with the restrictions may
constitute a violation of the federal securities law of the United
States and the laws of other jurisdictions.
The shares to be issued by the Company (the "Securities") have
not been and will not be registered under the US Securities Act of
1933 (the "Securities Act"), or with any securities regulatory
authority of any state or other jurisdiction of the United States.
The Securities may not be offered, sold, resold, pledged,
delivered, distributed or otherwise transferred, directly or
indirectly, into or within the United States, or to, or for the
account or benefit of, US persons (as defined in Regulation S under
the Securities Act). No public offering of the Securities is being
made in the United States.
The Company has not been and will not be registered under the US
Investment Company Act of 1940 (the "Investment Company Act") and,
as such, holders of the Securities will not be entitled to the
benefits of the Investment Company Act. No offer, sale, resale,
pledge, delivery, distribution or transfer of the Securities may be
made except under circumstances that will not result in the Company
being required to register as an investment company under the
Investment Company Act.
All investments are subject to risk, including the loss of the
principal amount invested. Past performance is no guarantee of
future returns. All investments to be held by the Company involve a
substantial degree of risk, including the risk of total loss. You
should always seek expert legal, financial, tax and other
professional advice before making any investment decision.
Neither the Company, BlueCrest, Dexion Capital plc, their
affiliates nor any other person (including without limitation, the
directors, officers, employees, partners, agents, representatives,
members and advisers of the Company, BlueCrest, Dexion Capital plc
and their affiliates) undertakes any obligation to update or revise
any statement made in this announcement (including, without
limitation, any forward looking statements), whether as a result of
new information, future events or otherwise.
The information in this announcement contains forward looking
statements. Any statement other than a statement of historical fact
is a forward looking statement. Actual results may differ
materially from those expressed or implied by any forward looking
statement. You should not place undue reliance on any forward
looking statement, which speaks only as of the date hereof.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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