Conversion of Securities

RNS Number : 5578P

BH Macro Limited

25 October 2012

 



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)

25 October 2012

Completion of 30 September 2012 Share Conversion

 

Following the publication on 22 October 2012 of the final month-end net asset values for 30 September 2012, the following share conversion ratios have been determined in accordance with the articles of association of the Company for the purposes of the 30 September 2012 share conversion date:

0.599937	Sterling shares for each US Dollar share
0.770147	Euro shares for each US Dollar share
1.666840	US Dollar shares for each Sterling share
1.283707	Euro shares for each Sterling share
1.298453	US Dollar shares for each Euro share
0.778994	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:

-     79,962 new Sterling shares of no par value: and

-     94,669 new US Dollar shares of no par value

and the following shares will be cancelled:

-     175,560 Euro shares of no par value

all with effect from 25  October 2012.

Application has been made to the Financial Services Authority ("FSA") 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 29 October 2012. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on 29 October 2012.

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

-               7,724,108 Euro Shares

-               522,013 Euro Treasury Shares

-               29,830,442 US Dollar Shares

-               3,058,476 US Dollar Treasury Shares

-               41,294,043 Sterling Shares; and

-               877,595 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 October 2012, the total number of voting rights in the Company (rounded down to the whole number) is 91,156,679.

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Rose Toussaint [phone]

Website:    www.bhmacro.com

 

END

 

 

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