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28 Oct 2010 11:20
BlackRock Absolute Return Strategies Ltd ("the Company") Completion of the September 2010 Share Conversion between Share Classes
The table below summarises the aggregate conversion requests received in respect of the September 2010 Currency Conversion Calculation Date:
Currency of Share to be Total Shares to be Currency of Share to be converted to converted from converted US Dollar Sterling EuroUS Dollar 1,496,110 - 977,365 - Sterling 1,042,086 1,594,988 - 143 Euro 150,073 198,585 25 - Total 1,793,573 977,390 143 Conversion Ratios
The Currency Conversion Calculation Date was 30 September 2010. On the basis of the net asset values of the Company's Shares as at 30 September 2010 (as previously announced on 25 October 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:
0.86206896551 Sterling denominated share for every one Euro denominated share 1.15322580645 Euro denominated shares for every one Sterling denominated share 0.65327148404 Sterling denominated share for every one US Dollar denominated share 1.53075639994 US Dollar denominated shares for every one Sterling denominated share 1.32351176988 UD Dollar denominated shares for every one Euro denominated share
The following foreign exchange rates as at 30 September 2010 were used:
EUR / GBP 0.867432GBP / EUR 1.152828US$ / GBP 0.636274GBP / US$ 1.57165EUR / US$ 1.3633
Shareholder CREST accounts for those shareholders for whom conversion requests have been received will be credited with new shares on 29 October 2010.
The Company has made an application to admit 977,390 Sterling denominated Shares, 143 Euro denominated Shares and 1,793,573 US Dollar denominated Shares to the official list of the UK Listing Authority and to trading on the London Stock Exchange on 29 October 2010.
All enquiries:
Ian WebsterFor BlackRock (Channel Islands) LimitedSecretary
28 October 2010
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