30th Dec 2015 10:40
BH MACRO LIMITED - Conversion of Securities - NovemberBH MACRO LIMITED - Conversion of Securities - November
PR Newswire
London, December 30
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 30 November 2015 Share Conversion
30 December 2015
Following the publication on 23 December 2015 of the final month-end net asset values for 30 November 2015, 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 2015 share conversion date:
| 0.637973 | Sterling shares for each US Dollar share |
| 0.938986 | Euro shares for each US Dollar share |
| 1.567464 | US Dollar shares for each Sterling share |
| 1.471858 | Euro shares for each Sterling share |
| 1.064979 | US Dollar shares for each Euro share |
| 0.679413 | 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:
200,669 US Dollar Shares of no par value 58,874 Euro Shares of no par valueand the following shares will be cancelled:
168,022 Sterling shares of no par valueall with effect from 30 December 2015
On 30 December 2015, the Company also cancelled 775,000 Sterling Treasury Shares.
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 6 January 2016. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on 6 January 2016.
Following issue and cancellation of the relevant shares, the total number of shares in issue in each class will be as follows:
- 4,228,208 Euro Shares
- 406,723 Euro Treasury Shares
- 17,212,974 US Dollar Shares
- 1,527,035 US Dollar Treasury Shares
- 33,431,871 Sterling Shares
- 2,939,169 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 30 December 2015, the total number of voting rights in the Company (rounded down to the whole number) is 66,498,678
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