29th Apr 2010 07:00
BlackRock Absolute Return Strategies Ltd ("the Company") Completion of the March 2010 Share Conversion between Share Classes
The table below summarises the aggregate conversion requests received in respect of the March 2010 Currency Conversion Calculation Date:
Currency of Share to be Total Shares Currency of Share to be converted to converted from to be £ Shares EUR Shares US$ Shares converted GBP denominated shares 653 - 733 - EUR denominated shares 243,036 216,274 - - US$ denominated shares 160,090 - 121,964 - Conversion Ratios
The Currency Conversion Calculation Date was 31 March 2010. On the basis of thenet asset values of the Company's Shares as at 31 March 2010 (as previouslyannounced on 27 April 2010) (and using assumed spot currency exchange rates asappropriate at the Currency Conversion Calculation Date), the conversionratios, calculated in accordance with the Company's Articles of Association,are as follows:
0.76184646 Euro denominated share for every one US Dollar denominated share 0.88988463 Sterling denominated share for every one Euro denominated share 1.12251149 Euro denominated share for every one Sterling denominated share
The following foreign exchange rates as at 31 March 2010 were used:
EUR / USD 1.35095GBP / EUR 1.123876EUR / GBP 0.889778
Shareholder CREST accounts for those shareholders for whom conversion requests have been received will be credited with new shares on 30 April 2010.
The Company has made an application to admit 216,274 Sterling denominated Shares and 122,697 Euro denominated Shares to the official list of the UK Listing Authority and to trading on the London Stock Exchange on 30 April 2010.
All enquiries:Ian Websterfor BlackRock (Channel Islands) LimitedSecretary
29 April 2010
vendorRelated Shares:
Smo Gold