Temporary Changes to Share Co

RNS Number : 2572E

BH Macro Limited

16 December 2009

 



BH Macro Limited 

(a closed-ended investment company incorporated in Guernsey with registration number 46235)

16 December 2009

Temporary Changes to Share Conversion Scheme

Change to notice period for December 2009 conversions

The Board of BH Macro Limited ("the Company") announces that the last day for receipt of share conversion notices for the 31 December 2009 class conversion date is 12pm London time, Wednesday 30 December 2009.

The end of the notice period has been brought forward by one day to 30 December 2009 in order to facilitate efficient processing of notices and hedging during the holiday period, however the actual conversion calculation date of 31 December 2009 will remain unchanged.

Suspension of January 2010 conversions

The Board of the Company announces that it intends to convene shareholder meetings in February 2010 in order to allow shareholders to consider Class Closure Resolutions for the Euro and USD share classes and amendments to the Company's articles of association in relation to the discount management arrangements as they apply to all share classes (as announced on 21 October 2009).  

In view of such upcoming shareholder meetings, for practical and operational reasons, the share conversion scheme is being suspended after the December 2009 conversion date. This means that the last opportunity currently available to shareholders to convert shares is the December 2009 conversion date.  The Board anticipates that shareholders will receive a shareholder circular in early 2010 with full details of the proposed shareholder meetings and that the share conversion scheme will resume on the February 2010 conversion date.

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Andrew Maiden 

Tel:     [phone]

Website:    www.bhmacro.com

 

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