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Conversion of Securities - August

25th Sep 2015 14:59

BH MACRO LIMITED - Conversion of Securities - August

BH 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:

0.623455Sterling shares for each US Dollar share
0.887903Euro shares for each US Dollar share
1.603965US Dollar shares for each Sterling share
1.424079Euro shares for each Sterling share
1.126249US Dollar shares for each Euro share
0.702208Sterling 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 value

and the following shares will be cancelled:

2,228 Sterling shares of no par value

all 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


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