Replacement Result of AGM

RNS Number : 1366O

BH Macro Limited

23 June 2010

 



This announcement replaces that previously sent on 17 June 2010 at 14.30
with an RNS number of 8094N14

BH Macro Limited (the "Company")

(a closed-ended investment company incorporated with limited liability under the laws of Guernsey with registered number 46235)

Amended Result of Annual General Meeting

23 June 2010

The Board of BH Macro Limited (the "Company") announces that all nine resolutions proposed at the Company's annual general meeting held on 15 June 2010 were passed by the required majority on a show of hands. 

The proxy votes received on each resolution proposed at the annual general meeting were as follows:

	Ordinary Resolutions	For	Against
1.	That the Annual Audited Financial Statements of the Company for the year ended 31 December 2009 be received and considered.	21,634,673	203,115
2.	That KPMG Channel Islands Limited be re-elected as auditors of the Company until the conclusion of the next Annual General Meeting.	21,644,218	241,498
3.	That the Board of Directors be authorised to determine the remuneration of the auditors.	21,644,218	241,498
4.	That Christopher Legge be re-elected as a Director of the Company.	21,866,186	39,530
5.	That Talmai Morgan be re-elected as a Director of the Company.	20,689,703	1,216,013
6.	That Stephen Stonberg be re-elected as a Director of the Company.	21,598,920	306,796
7.	That the Directors' Remuneration Report be approved.	21,905,716
	Special Resolutions	For	Against
8.	That the Company be and is hereby generally and unconditionally authorised in accordance with the Companies (Guernsey) Law 2008, as amended, to make market acquisitions (as defined in that Law) of each class of its shares (either for the retention as treasury shares for further reissue and resale or transfer, or cancellation), PROVIDED THAT: the maximum number of shares authorised to be purchased shall be 2,406,424 shares designated as Euro shares, 5,813,707 shares designated as US dollar shares and 4,316,839 shares designated as Sterling shares; the minimum price (exclusive of expenses) which may be paid for a share shall be 1 cent designated as Euro shares, 1 cent designated as US dollar shares and 1 pence for shares designated as Sterling shares; the maximum price which may be paid for a share of the relevant class is an amount equal to the higher of: (a) 105 per cent. of the average of the middle market quotations for a share of the relevant class on the relevant market for the five business days immediately preceding the date on which the share is purchased; and (b) the higher of (i) the price of the last independent trade for a share of the relevant class and (ii) the highest current independent bid for a share of the relevant class at the time of purchase; and the authority hereby conferred shall expire at the Annual General Meeting of the Company in 2011 unless such authority is varied, revoked or renewed prior to such date by a special resolution of the Company in general meeting.	21,905,716
9.	That, in accordance with Article 43.4 of the Articles of Incorporation, the Directors be empowered to allot and issue 1,605,353 shares designated as Euro shares, 3,878,390 shares designated as US dollar shares and 2,879,813 shares designated as Sterling shares (being 10 per cent. of the shares in issue of each class as at the latest practicable date prior to the date of this notice, excluding shares held in treasury) for cash as if Article 43.1 of the Articles of Incorporation did not apply to the allotment and issue for the period expiring on the date falling eighteen months after the date of passing of this resolution or the conclusion of the next annual general meeting of the Company, whichever is the earlier.	21,735,888	169,828

In accordance with Listing Rule 9.6.2, two copies of the Special Resolutions passed at the annual general meeting are available for inspection at the UK Listing Authority's Document Viewing Facility which is situated at 25 The North Colonnade, Canary Wharf, London E14 5HS.

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Andrew Maiden

Tel:              [phone]

Website:    www.bhmacro.com

 

END

 

 

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