Conversion of Securities

RNS Number : 9115S

BH Macro Limited

27 May 2009

 

BH Macro Limited (the 'Company') 

(a closed-ended investment company incorporated in Guernsey with registration number 46235) 

27 May 2009

Completion of 30 April 2009 Share Conversion

Following the publication on 22 May 2009 of the final month-end net asset values for 30 April 2009, the following share conversion ratios have been determined in accordance with the articles of association of the Company for the purposes of the 30 April 2009 share conversion date:

0.871396	Sterling shares for each Euro share
0.657751	Sterling shares for each US Dollar share
1.520331	US Dollar shares for Sterling share
1.325072	US Dollar shares for Euro share
1.147583	Euro shares for Sterling share

On the basis of aggregate applications received and using the conversion ratios listed above, the following shares will be issued: 

• 409,739 new Sterling shares of no par value,

and the following shares will be cancelled: 

• 31,219 Euro shares of no par value,

• 581,582 USD shares of no par value,

all with effect from 27 May 2009.

Application has been made to the Financial Services Authority ('FSA') for the new shares to be admitted to the Official List of the UK Listing Authority and admitted to trading on the London Stock Exchange's main market for listed securities. 

Admission is expected to occur on 29 May 2009. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on 29 May 2009.

Following issue and cancellation of the relevant shares, the total number of shares in issue in each class will be as follows:

-    18,715,118 Euro Shares

-    1,572,013 Euro Treasury Shares

-    48,767,045 US Dollar Shares

-    4,388,476 US Dollar Treasury Shares

-    20,322,924 Sterling Shares; and

-    1,027,595 Sterling Treasury 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 conversions. These are:

Euro Share    1

US Dollar Share    0.7606    

Sterling Share    1.4710

From 27 May 2009, the total number of voting rights in the Company (rounded down to the whole number) is 85,702,354.

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Andrew Maiden [phone]

Website:    www.bhmacro.com

 

END

 

 

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