3rd Jun 2024 11:00
BH Macro Limited - Conversion of SecuritiesBH Macro Limited - Conversion of Securities
PR Newswire
LONDON, United Kingdom, June 03
BH Macro Limited
(the "Company")
(a closed-ended collective investment scheme established as a company with limited liabilityunder the laws of Guernsey with registered number 46235)
LEI: 549300ZOFF0Z2CM87C29
Completion of 30 April 2024 Share Conversion3 June 2024
Classified Regulated Information, under DTR 6 Annex 1 section 2.5
Following the publication on 24 May 2024 of the final month-end net asset values for 30 April 2024, the following share conversion ratios have been determined in accordance with the articles of incorporation of the Company for the purposes of the 30 April 2024 share conversion date:
| 0.829399 | Sterling shares for each US Dollar share |
| 1.205692 | 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:
604,285 Sterling Shares of no par valueand the following shares will be cancelled:
728,590 US Dollar Shares of no par valueall with effect from 3 June 2024.
Application will be 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 11 June 2024. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on or about 11 June 2024.
Following issue and cancellation of the relevant shares, the total number of shares in issue in each class will be as follows:
- 28,506,709 US Dollar Ordinary Shares (Excluding Treasury Shares)
- 0 US Dollar Treasury Shares
- 357,712,452 Sterling Ordinary Shares (Excluding Treasury Shares)
- 16,930,298 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 3 June 2024, the total number of voting rights in the Company (rounded up to the whole number) is 547,877,220.
Website: www.bhmacro.com
Enquiries:Northern Trust International Fund Administration Services (Guernsey) LimitedTel: +44 (0)1481 745001
Related Shares:
BH Macro GBPBh Macro Usd