BH Macro Limited Conversion of Securities
October 25 2017 - 11:18AM
UK Regulatory
TIDMBHMG TIDMBHMU
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 30 September Share Conversion
25 October 2017
Classified Regulated Information, under DTR 6 Annex 1 section 2.5
Following the publication on 18 October 2017 of the final month-end net asset
values for 30 September 2017, the following share conversion ratios have been
determined in accordance with the articles of incorporation of the Company for
the purposes of the 30 September share conversion date:
0.748595 Sterling shares for each US Dollar share
1.335835 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:
* 5,298 US Dollar Shares of no par value
and the following shares will be cancelled:
* 3,967 GBP Shares of no par value
all with effect from 25 October 2017
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 or about 30 October 2017 Shareholder CREST
accounts for converting shareholders are expected to be updated by 5.00pm on or
about 31 October 2017.
Following issue and cancellation of the relevant shares, the total number of
shares in issue in each class will be as follows:
- 2,833,026 US Dollar Shares
- 331,228 US Dollar Treasury Shares
- 14,008,105 Sterling Shares
- 1,450,652 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 21 October 2017, the total number of voting rights in the Company (rounded
down to the whole number) is 22,760,722
Enquiries:
Website: www.bhmacro.com
Northern Trust International Fund Administration Services (Guernsey) Limited
Sharon A Williams
Tel: +44 (0)1481 745436
END
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