Conversion of Securities

BH Macro Limited

(the "Company")

(a closed-ended collective investment scheme established as a company with limited liability
under the laws of Guernsey with registered number 46235)

LEI: 549300ZOFF0Z2CM87C29

Completion of 31 July 2024 Share Conversion
3 September 2024

 

Classified Regulated Information, under DTR 6 Annex 1 section 2.5

 

Following the publication on 22 August 2024 of the final month-end net asset values for 31 July 2024, the following share conversion ratios have been determined in accordance with the articles of incorporation of the Company for the purposes of the 31 July 2024 share conversion date:

0.805414	Sterling shares for each US Dollar share
1.241598	US Dollar shares for each Sterling share

On the basis of aggregate applications received and using the conversion ratios listed above, the following shares will be issued:

-          15,279 US Dollar Shares of no par value

and the following shares will be cancelled:

-          12,308 Sterling Shares of no par value

all with effect from 3 September 2024.

Application will be 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 or about 11 September 2024. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on or about 11 September 2024.

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

- 28,264,120 US Dollar Ordinary Shares (Excluding Treasury Shares)

- 0  US Dollar Treasury Shares

- 353,478,624 Sterling Ordinary Shares (Excluding Treasury Shares)

- 21,361,377 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:

US Dollar Share 0.7606 

Sterling Share 1.4710

From 3 September 2024, the total number of voting rights in the Company (rounded up to the whole number) is 541,464,746.

Website: www.bhmacro.com

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Tel:  [phone]

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