BlueCrest BlueTrend Limited Compulsory Conversion of US$ Shares (3335M)
15 Luglio 2014 - 11:00AM
UK Regulatory
TIDMBBTU TIDMBBTS
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
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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).
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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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