19th Dec 2016 09:29
BH Macro Limited - Conversion of Securities - November 2016BH Macro Limited - Conversion of Securities - November 2016
PR Newswire
London, December 19
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)
Completion of 30 November 2016 Share Conversion19 December 2016
Following the publication on 15 December 2016 of the final month-end net asset values for 30 November 2016, the following share conversion ratios have been determined in accordance with the articles of incorporation of the Company for the purposes of the 30 November 2016 share conversion date:
| 0.771798 | Sterling shares for each US Dollar share |
| 0.933745 | Euro shares for each US Dollar share |
| 1.295676 | US Dollar shares for each Sterling share |
| 1.209761 | Euro shares for each Sterling share |
| 1.070956 | US Dollar shares for each Euro share |
| 0.826610 | 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:
174,710 GBP Shares of no par valueand the following shares will be cancelled:
226,368 US Dollar Shares of no par valueall with effect from 19 December 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 23 December 2016. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on 23 December 2016.
Following issue and cancellation of the relevant shares, the total number of shares in issue in each class will be as follows:
| -1,514,872 | Euro Shares |
| -271,854 | Euro Treasury Shares |
| -9,975,524 | US Dollar Shares |
| -1,406,228 | US Dollar Treasury Shares |
| -22,371,669 | Sterling Shares |
| -2,650,652 | 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:
| Euro Share | 1 |
| US Dollar Share | 0.7606 |
| Sterling Share | 1.4710 |
From 19 December 2016, the total number of voting rights in the Company (rounded down to the whole number) is 42,010,981
Enquiries:Website: www.bhmacro.comNorthern Trust International Fund Administration Services (Guernsey) LimitedSharon A Williams
Tel: +44 (0)1481 745436
Related Shares:
BH Macro GBPBh Macro Usd