Conversion of Securities

RNS Number : 7870N

BH Macro Limited

30 July 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 30 June 2014 Share Conversion

30 July 2014

 

Following the publication on 23 July 2014 of the final month-end net asset values for 30 June 2014, the following share conversion ratios have been determined in accordance with the articles of incorporation of the Company for the purposes of the 30 June 2014 share conversion date:

0.565302	Sterling shares for each US Dollar share
0.725992	Euro shares for each US Dollar share
1.768965	US Dollar shares for each Sterling share
1.284427	Euro shares for each Sterling share
1.377425	US Dollar shares for each Euro share
0.778557	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:

-     39,087 Sterling shares of no par value;

and the following shares will be cancelled:

-     46,806 US Dollar shares of no par value; and

-     16,220 Euro shares of no par value

all with effect from 30 July 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 4 August 2014. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on 4 August 2014.

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

-               5,657,884 Euro Shares

-               554,655 Euro Treasury Shares

-               20,552,357 US Dollar Shares

-               1,829,177 US Dollar Treasury Shares

-               40,763,891 Sterling Shares;

-               3,572,920 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 30 July 2014, the total number of voting rights in the Company (rounded down to the whole number) is 81,253,690.

Enquiries:

Website:    www.bhmacro.com

Northern Trust International Fund Administration Services (Guernsey) Limited

Andrew Maiden

Tel:  [phone]

 

END

 

 

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