Conversion of Securities

RNS Number : 4216O

BH Macro Limited

27 May 2015

 



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)

Completion of 30 April 2015 Share Conversion

27 May 2015

 

Following the publication on 26 May 2015 of the final month-end net asset values for 30 April 2015, the following share conversion ratios have been determined in accordance with the articles of incorporation of the Company for the purposes of the 30 April 2015 share conversion date:

0.627004	Sterling shares for each US Dollar share
0.885432	Euro shares for each US Dollar share
1.594886	US Dollar shares for each Sterling share
1.412165	Euro shares for each Sterling share
1.129392	US Dollar shares for each Euro share
0.708132	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:

-     278,431 US Dollar shares of no par value

and the following shares will be cancelled:

-     99,936 Euro shares of no par value; and

-     103,812 Sterling shares of no par value

all with effect from 27 May 2015

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 1 June 2015. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on 1 June 2015.

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

-               4,903,447 Euro Shares

-               448,666 Euro Treasury Shares

-               18,530,493 US Dollar Shares

-               1,975,725 US Dollar Treasury Shares

-               36,921,217 Sterling Shares

-               3,978,348 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 2015, the total number of voting rights in the Company (rounded down to the whole number) is 73,308,850.

Enquiries:

Website:    www.bhmacro.com

Northern Trust International Fund Administration Services (Guernsey) Limited

Andrew Maiden

Tel:  [phone]

 

END

 

 

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