Conversion of Securities

RNS Number : 2924B

BH Macro Limited

23 October 2009

 



BH Macro Limited (the "Company") 

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

23 October 2009

Completion of 30 September 2009 Share Conversion

Following the publication on 21 October 2009 of the final month-end net asset values for 30 September 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 September 2009 share conversion date:

0.892570	Sterling shares for each Euro share
0.608069	Sterling shares for each US Dollar share
1.120360	Euro shares for each Sterling share
0.681296	Euro shares for each US Dollar share
1.644551	US Dollar shares for each Sterling share
1.467791	US Dollar shares for each Euro share

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

• 1,218,590 new Sterling shares of no par value

and the following shares will be cancelled: 

• 1,386,142 US Dollar shares of no par value

• 420,945 Euro shares of no par value

all with effect from 23 October 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 28 October 2009. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on 26 October 2009.

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

-    18,114,107 Euro Shares

-    1,572,013 Euro Treasury Shares

-    42,584,477 US Dollar Shares

-    4,438,476 US Dollar Treasury Shares

-    24,519,791 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 23 October 2009, the total number of voting rights in the Company (rounded down to the whole number) is 86,572,473.

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Andrew Maiden [phone]

Website:    www.bhmacro.com

 

END

 

 

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