Conversion of Securities

RNS Number : 8536H

BH Macro Limited

25 June 2013

 



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)

25 June 2013

Completion of 31 May 2013 Share Conversion

Following the publication on 25 June 2013 of the final month-end net asset values for 31 May 2013, the following share conversion ratios have been determined in accordance with the articles of association of the Company for the purposes of the 31 May 2013 share conversion date:

0.637434	Sterling shares for each US Dollar share
0.765910	Euro shares for each US Dollar share
1.568790	US Dollar shares for each Sterling share
1.201715	Euro shares for each Sterling share
1.305637	US Dollar shares for each Euro share
0.832144	Sterling 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:

-     479,365 Sterling shares of no par value

and the following shares will be cancelled:

-     146,886 Euro shares of no par value; and

-     560,271 US Dollar shares of no par value

all with effect from 25 June 2013.

Application has been made to the Financial Conduct Authority ("FCA") 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 June 2013. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on 28 June 2013.

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

-               6,839,881 Euro Shares

-               522,013 Euro Treasury Shares

-               27,877,684 US Dollar Shares

-               3,058,476 US Dollar Treasury Shares

-               41,778,807 Sterling Shares; and

-               877,595 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 25 June 2013, the total number of voting rights in the Company (rounded down to the whole number) is 89,500,272.

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Rose Toussaint [phone]

Website:    www.bhmacro.com

 

END

 

 

CONFAMRTMBBTBRJ