Conversion of Securities

RNS Number : 9844C

BH Macro Limited

24 November 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) 

24 November 2009

Completion of 31 October 2009 Share Conversion

Following the publication on 20 November 2009 of the final month-end net asset values for 31 October 2009, the following share conversion ratios have been determined in accordance with the articles of association of the Company for the purposes of the 31 October 2009 share conversion date:

0.875269	Sterling shares for each Euro share
0.592550	Sterling shares for each US Dollar share
1.142506	Euro shares for each Sterling share
0.677013	Euro shares for each US Dollar share
1.687620	US Dollar shares for each Sterling share
1.477075	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: 

• 621,083 new Sterling shares of no par value

and the following shares will be cancelled: 

• 301,915 US Dollar shares of no par value

• 505,199 Euro shares of no par value

all with effect from 24 November 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 30 November 2009. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on 25 November 2009.

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

-    17,608,908 Euro Shares

-    1,572,013 Euro Treasury Shares

-    42,282,562 US Dollar Shares

-    4,438,476 US Dollar Treasury Shares

-    25,140,874 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 24 November 2009, the total number of voting rights in the Company (rounded down to the whole number) is 86,751,250.

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Andrew Maiden [phone]

Website:    www.bhmacro.com

 

END

 

 

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