26th Jan 2016 16:13
BH GLOBAL LIMITED - Conversion of Securities - December 2015BH GLOBAL LIMITED - Conversion of Securities - December 2015
PR Newswire
London, January 26
BH Global Limited (the "Company")(a closed-ended investment scheme established as a company with limited liability under the laws of Guernsey with registered number 48555)
Completion of 31 December 2015 Share Conversion
26 January 2016
Following the publication on 22 January 2016 of the final month-end net asset values for 31 December 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 December 2015 share conversion date:
| 0.667179 | Sterling shares for each US Dollar share |
| 1.498848 | 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:
338 US Dollar shares of no par valueand the following shares will be cancelled:
226 GBP Sterling shares of no par value;all with effect from 26 January 2016
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 1 February 2016. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on 1 February 2016.
Following issue and cancellation of the relevant shares, the total number of shares in issue in each class will be as follows:
- 4,809,951 US Dollar Shares
- 435,524 US Dollar Treasury Shares
- 24,816,357 Sterling Shares
- 2,594,209 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 23 May 2008 and will not change as a result of the conversions. These are:
US Dollar Share 1
Sterling Share 1.97950
From 26 January 2016, the total number of voting rights in the Company (rounded down to the whole number) is 53,933,929
Enquiries:
Website: www.bhglobal.com
Northern Trust International Fund Administration Services (Guernsey) LimitedPaul Le RayTel: +44 (0) 1481 745815
Related Shares:
BHGG.LBHGU.L