28th Jul 2010 16:30
BlackRock Absolute Return Strategies Ltd ("the Company") Completion of the June 2010 Share Conversion between Share Classes
The table below summarises the aggregate conversion requests received in respect of the June 2010 Currency Conversion Calculation Date:
Currency of Share to be Total Shares to Currency of Share to be
converted from be converted converted to £ Shares US$ Shares EUR denominated shares 122,697 99,763 870 Conversion Ratios
The Currency Conversion Calculation Date was 30 June 2010. On the basis of the net asset values of the Company's Shares as at 30 June 2010 (as previously announced on 26 July 2010) (and using assumed spot currency exchange rates as appropriate at the Currency Conversion Calculation Date), the conversion ratios, calculated in accordance with the Company's Articles of Association, are as follows:
1.18690314 US Dollar denominated share for every one Euro denominated share 0.81797088 Sterling denominated share for every one Euro denominated share
The following foreign exchange rates as at 30 June 2010 were used:
EUR / USD 1.22EUR / GBP 1.49
Shareholder CREST accounts for those shareholders for whom conversion requests have been received will be credited with new shares on 30 July 2010.
The Company has made an application to admit 99,763 Sterling denominated Shares and 870 US Dollar denominated Shares to the official list of the UK Listing Authority and to trading on the London Stock Exchange on 30 July 2010.
All enquiries:
Ian WebsterFor BlackRock (Channel Islands) LimitedSecretary
28 July 2010
vendorRelated Shares:
Smo Gold