Conversion of Securities

RNS Number : 6545K

BH Macro Limited

23 August 2012

 



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 August 2012

Completion of 31 July 2012 Share Conversion

 

Following the publication on 21 August 2012 of the final month-end net asset values for 31 July 2012, the following share conversion ratios have been determined in accordance with the articles of association of the Company for the purposes of the 31 July 2012 share conversion date:

0.618180	Sterling shares for each US Dollar share
0.805054	Euro shares for each US Dollar share
1.617653	US Dollar shares for each Sterling share
1.302317	Euro shares for each Sterling share
1.242153	US Dollar shares for each Euro share
0.767862	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:

-     170,340 new US Dollar shares of no par value

and the following shares will be cancelled:

-     95,119 Sterling shares of no par value; and

-     13,262 Euro shares of no par value

all with effect from 21 August 2012.

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 August 2012. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on 29 August 2012.

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

-               7,982,151 Euro Shares

-               522,013 Euro Treasury Shares

-               29,987,904 US Dollar Shares

-               3,058,476 US Dollar Treasury Shares

-               40,996,256 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 23 August 2012, the total number of voting rights in the Company (rounded down to the whole number) is 91,096,443.

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Rose Toussaint [phone]

Website:    www.bhmacro.com

 

END

 

 

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