Result of AGM

RNS Number : 7723I

BH Macro Limited

20 June 2011

 



BH Macro Limited (the "Company")

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

Result of Annual General Meeting

20 June 2011

The Board of BH Macro Limited (the "Company") announces that all nine resolutions proposed at the Company's annual general meeting held on 20 June 2011 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 2010 be received and considered.	17,670,322	70,795
2.	That KPMG Channel Islands Limited be re-elected as auditors of the Company until the conclusion of the next Annual General Meeting.	17,606,593	134,524
3.	That the Board of Directors be authorised to determine the remuneration of the auditors.	16,792,116	134,523
4.	That Ian Plenderleith be re-elected as a Director of the Company.	17,688,425
5.	That Huw Evans be re-elected as a Director of the Company.	17,688,425
6.	That Anthony Hall be re-elected as a Director of the Company.	17,642,525	45,900
7.	That Christopher Legge be re-elected as a Director of the Company.	16,689,552	45,900
8.	That Talmai Morgan be re-elected as a Director of the Company.	16,571,919	163,533
9.	That Stephen Stonberg be re-elected as a Director of the Company.	17,000,315	688,110
10	That the Directors' Remuneration Report be approved.	17,687,424	1,001
	Special Resolutions	For	Against
11	That article 21.2 of the Articles of Incorporation of the Company be amended so that the figure of £400,000 is substituted for the figure of £300,000 appearing in that article.	17,624,442
12	That the Company be and is hereby generally and unconditionally authorised in accordance with the Companies (Guernsey) Law 2008, as amended (the "Law), to make market acquisitions (as defined in the 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: a.     the maximum number of shares authorised to be purchased shall be 2,160,476 shares designated as Euro shares, 5,249,472 shares designated as US dollar shares and 5,494,368 shares designated as Sterling shares; b.     the minimum price (exclusive of expenses) which may be paid for a share shall be 1 cent for shares designated as Euro shares, 1 cent for shares designated as US dollar shares and 1 pence for shares designated as Sterling shares; c.     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 d.      the authority hereby conferred shall expire at the Annual General Meeting of the Company in 2012 unless such authority is varied, revoked or renewed prior to such date by a special resolution of the Company in general meeting.	17,741,116	1
13	That, in accordance with Article 43.4 of the Articles of Incorporation, the Directors be empowered to allot and issue 1,441,278 shares designated as Euro shares, 3,501,983 shares designated as US dollar shares and 3,665,355 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 fifteen 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.	17,466,908	274,209

In accordance with the UK Listing Authority's listing rules, copies of all resolutions passed as special business at the Annual General Meeting on 20 June 2011 will be submitted to the National Storage Mechanism and will shortly be available for inspection.

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Rose Toussaint

Tel:          [phone]

Website:  www.bhmacro.com

 

END

 

 

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