26th Apr 2011 10:40
BlackRock Absolute Return Strategies Ltd ("the Company") Completion of the March 2011 Share Conversion between Share Classes
The table below summarises the aggregate conversion requests received in respect of the March 2011 Currency Conversion Calculation Date:
Currency of Share Total Shares Currency of Share to be to be converted from to be converted converted to US Dollar Sterling EuroUS Dollar 1,518,389 - 917,266 62,112Euro 54,467 12,155 40,148 -Total 12,155 957,414 62,112Conversion Ratios
The Currency Conversion Calculation Date was 31 March 2011. On the basis of the net asset values of the Company's Shares as at 31 March 2011 (as previously announced on 26 April 2011) (and using assumed spot currency exchange rates as appropriate at the Currency Conversion Calculation Date), the conversion ratio, calculated in accordance with the Company's Articles of Association, is as follows:
0.8799571 Sterling denominated Shares for every one Euro denominated Share 0.6401019 Sterling denominated Shares for every one US Dollar denominated Share 0.7274005 Euro denominated Shares for every one US Dollar denominated Share 1.3746889 US Dollar denominated Shares for every one Euro denominated Share
The following foreign exchange rates as at 31 March 2011 were used:
GBP / Euro 1.1320GBP / US Dollar 1.6027Euro / US Dollar 1.4158
Shareholder CREST accounts for those shareholders for whom conversion requests have been received will be credited with new shares on 28 April 2011.
The Company has made an application to admit 957,414 Sterling denominated Shares, 62,112 Euro denominated Shares and 12,155 US Dollar denominated Shares to the official list of the UK Listing Authority and to trading on the London Stock Exchange on 28 April 2011.
All enquiries:
Ian WebsterFor BlackRock (Channel Islands) LimitedSecretary
26 April 2011
vendorRelated Shares:
Smo Gold