Conversion of Securities

RNS Number : 2990G

BH Macro Limited

27 June 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)

27 June 2012

Completion of 31 May 2012 Share Conversion

 

Following the publication on 25 June 2012 of the final month-end net asset values for 31 May 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 May 2012 share conversion date:

0.628705	Sterling shares for each US Dollar share
0.801789	Euro shares for each US Dollar share
1.590570	US Dollar shares for each Sterling share
1.275255	Euro shares for each Sterling share
1.247211	US Dollar shares for each Euro share
0.784157	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:

-     262,867 new Sterling shares of no par value

and the following shares will be cancelled:

-     250,966 Euro shares of no par value; and

-     105,092 US dollar shares of no par value.

all with effect from 27 June 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 3 July 2012. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on 3 July 2012.

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

-               8,434,231 Euro Shares

-               522,013 Euro Treasury Shares

-               29,887,040 US Dollar Shares

-               3,058,476 US Dollar Treasury Shares

-               40,794,705 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 27 June 2012, the total number of voting rights in the Company (rounded down to the whole number) is 91,175,325

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Rose Toussaint [phone]

Website:    www.bhmacro.com

 

END

 

 

CONFRMATMBATBAT