Conversion of Securities

RNS Number : 9805A

BH Macro Limited

26 February 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 31 January 2014 Share Conversion

26 February 2014

 

Following the publication on 25 February 2014 of the final month-end net asset values for 31 January 2014, the following share conversion ratios have been determined in accordance with the articles of incorporation of the Company for the purposes of the 31 January 2014 share conversion date:

0.586346	Sterling shares for each US Dollar share
0.735644	Euro shares for each US Dollar share
1.705479	US Dollar shares for each Sterling share
1.254693	Euro shares for each Sterling share
1.359353	US Dollar shares for each Euro share
0.797008	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:

-     183,267 Sterling shares of no par value

and the following shares will be cancelled:

-     217,150 Euro shares of no par value; and

-     17,391 US Dollar shares of no par value

all with effect from 26 February 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 5 March 2014. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on 5 March 2014.

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

-               6,377,301 Euro Shares

-               522,013 Euro Treasury Shares

-               24,654,293 US Dollar Shares

-               2,208,476 US Dollar Treasury Shares

-               44,119,936 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 26 February 2014, the total number of voting rights in the Company (rounded down to the whole number) is 90,029,782.

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Andrew Maiden

Tel:  [phone]

Website:    www.bhmacro.com

 

END

 

 

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