Completion of Tender Offer

RNS Number : 7727R

BH Macro Limited

06 May 2009

 



BH Macro Limited (the 'Company')

(a closed-ended investment company incorporated with limited liability under the laws of Guernsey with registered number 46235)

6 May 2009

The Company announces that the acquisition by the Company of its Euro Shares pursuant to the tender offer described in the circular of the Company dated 9 March 2009 (the 'Tender Offer' has now been executed with a total of 1,547,013 Euro Shares being repurchased by the Company into treasury. 

Following the purchase and non-cancellation of the relevant Euro, Dollar and Sterling Shares pursuant to the Tender Offer, the total number of shares in issue in each share class of the Company is as follows:

Total number of treasury shares held by the Company following the Tender Offer and non cancellation as described above	Number of shares in issue less shares held in treasury following the Tender Offer as described above
1,572,013 Euro Shares	18,746,337 Euro Shares
4,388,476 US Dollar Shares	49,348,627 US Dollar Shares
1,027,595 Sterling Shares	19,913,185 Sterling Shares

The number of votes each share in the Company is entitled to on a poll at any general meeting of the Company was published by the Company on 9 March 2007 and will not change as a result of the Tender Offer. These are:

Euro Share              1

US Dollar Share      0.7606    

Sterling Share         1.4710

From 5 May 2009, the total number of voting rights in the Company (rounded down to the whole number) is 85,573,198.

Company website:    www.bhmacro.com

Enquiries: The Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited 

Tel: [phone]

William Simmonds 

JPMorgan Cazenove 

Tel: [phone] 

Important notices

J.P. Morgan Cazenove Limited, which is regulated by the Financial Services Authority, is acting for the Company and no-one else in connection with the Tender Offer and the Matching Purchase Facility and will not be responsible to anyone other than the Company for providing the protections afforded to clients of J.P. Morgan Cazenove Limited or for providing advice in relation to the proposals described in this announcement.  

This announcement does not constitute an offer or solicitation to acquire or sell any securities in the Company. The Tender Offer and Matching Purchase Facility are not being extended into any jurisdiction where to do so may be unlawful or which may otherwise subject the Company or any other person to any unduly onerous obligation.  

This announcement is not for distribution in or into the United States, Canada, Australia or Japan or any other jurisdiction in which its distribution may be unlawful. This announcement is not an offer of securities for sale in the United States or elsewhere. The securities of the Company have not been and will not be registered under the United States Securities Act of 1933, as amended (the 'Securities Act'), and may not be offered or sold in the United States unless registered under the Securities Act or pursuant to an exemption from such registration.  The Company has not been and will not be registered under the US Investment Company Act of 1940, as amended, and investors are not entitled to the benefits of that Act. There has not been and there will be no public offering of the Company's securities in the United States.

In respect of the Tender Offer and the Matching Purchase Facility, the Company is not required to obtain a licence as a collective investment scheme pursuant to the Dutch Financial Supervision Act (Wet Financieel Toezicht) and the Company is not subject to supervision by the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten).

 

END

 

 

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