25th Sep 2015 14:59
BH MACRO LIMITED - Conversion of Securities - AugustBH MACRO LIMITED - Conversion of Securities - August
PR Newswire
London, September 25
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 August 2015 Share Conversion
25 September 2015
Following the publication on 23 September 2015 of the final month-end net asset values for 31 August 2015, 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 2015 share conversion date:
| 0.623455 | Sterling shares for each US Dollar share |
| 0.887903 | Euro shares for each US Dollar share |
| 1.603965 | US Dollar shares for each Sterling share |
| 1.424079 | Euro shares for each Sterling share |
| 1.126249 | US Dollar shares for each Euro share |
| 0.702208 | 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:
3,573 US Dollar Shares of no par valueand the following shares will be cancelled:
2,228 Sterling shares of no par valueall with effect from 25 September 2015
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 30 September 2015. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on 30 September 2015.
Following issue and cancellation of the relevant shares, the total number of shares in issue in each class will be as follows:
- 4,646,817 Euro Shares- 405,907 Euro Treasury Shares- 18,146,130 US Dollar Shares- 1,664,041 US Dollar Treasury Shares- 35,969,818 Sterling Shares- 3,924,668 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 1US Dollar Share 0.7606Sterling Share 1.4710
From 25 September 2015, the total number of voting rights in the Company (rounded down to the whole number) is 71,360,366
Enquiries:
Website: www.bhmacro.com
Northern Trust International Fund Administration Services (Guernsey) LimitedRebecca BoothTel: +44 (0)1481 745189
Related Shares:
BH Macro GBPBh Macro Usd