Conversion of Securities

RNS Number : 5516K

BH Macro Limited

25 June 2014

 



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 31 May 2014 Share Conversion

25 June 2014

 

Following the publication on 24 June 2014 of the final month-end net asset values for 31 May 2014, the following share conversion ratios have been determined in accordance with the articles of incorporation of the Company for the purposes of the 31 May 2014 share conversion date:

0.576349	Sterling shares for each US Dollar share
0.728395	Euro shares for each US Dollar share
1.735060	US Dollar shares for each Sterling share
1.263800	Euro shares for each Sterling share
1.372881	US Dollar shares for each Euro share
0.791265	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:

-     14,909 Sterling shares of no par value;

and the following shares will be cancelled:

-     24,502 US Dollar shares of no par value; and

-     996 Euro shares of no par value

all with effect from 25 June 2014.

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 2 July 2014. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on 2 July 2014.

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

-               5,771,053 Euro Shares

-               597,706 Euro Treasury Shares

-               21,311,246 US Dollar Shares

-               2,197,094 US Dollar Treasury Shares

-               41,519,796 Sterling Shares;

-               3,777,928 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 2014, the total number of voting rights in the Company (rounded down to the whole number) is 83,056,007.

Enquiries:

Website:    www.bhmacro.com

Northern Trust International Fund Administration Services (Guernsey) Limited

Andrew Maiden

Tel:  [phone]

 

END

 

 

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