BABS.L Share Price (BABS)

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Dodgy Lot. SELL

In the event that a continuation vote in respect of any class of shares is not passed, the Company's articles of incorporation require the Directors, within 3 months, to put forward proposals to offer to redeem all of the Company's shares of that class. However, where the class or classes of shares in respect of which a continuation vote is/are not passed collectively represent in aggregate 75 per cent. or more of the Company's aggregate net assets, the Directors (at their discretion) may first put to all Shareholders proposals to offer to repurchase their shares or to reorganise, reconstruct or wind up the Company.

BlueCrest ALLBLUE FUND LIMITED (the 'Company') Continuation Votes The Company's rolling 12 month discount floor provision has been triggered for the Euro class of the Company's shares, by reference to the final Net Asset Value (the 'NAV') as at 27 February 2009. This requires, in accordance with the Company's articles of incorporation, a continuation vote to be proposed for this class of shares by way of ordinary resolution. In the Board's opinion, it is likely that the Company's rolling 12 month discount floor provision will also be triggered for the US Dollar class and Sterling class of the Company's shares by reference to the final NAV's as at 31 March 2009 and/or 30 April 2009. On the assumption that both the US Dollar and Sterling classes trigger the requirement for a continuation vote within the anticipated time-frame, as referred to above, it is proposed that the continuation votes for all three share classes will be held at the same time. Accordingly, the Board intends to post a circular to Shareholders once all three share classes have triggered a requirement for a continuation vote. The circular will convene separate class meetings to be held at which the requisite continuation resolutions will be proposed. In the event that a continuation vote in respect of any class of shares is not passed, the Company's articles of incorporation require the Directors, within 3 months, to put forward proposals to offer to redeem all of the Company's shares of that