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Conversion of Securities

28th Jul 2017 09:55

BH Macro Limited - Conversion of Securities

BH Macro Limited - Conversion of Securities

PR Newswire

London, July 28

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 June Share Conversion28 July 2017

Following the publication on 18 July 2017 of the final month-end net asset values for 30 June 2017, the following share conversion ratios have been determined in accordance with the articles of incorporation of the Company for the purposes of the 30 June 2017 share conversion date:

0.770495Sterling shares for each US Dollar share
1.297867US 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:

- 385 GBP Shares of no par value

and the following shares will be cancelled:

- 500 US Dollar Shares of no par value

all with effect from 28 July 2017

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 or about 1 August 2017 Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on or about 2 August 2017.

Following issue and cancellation of the relevant shares, the total number of shares in issue in each class will be as follows:

- 2,849,163 US Dollar Shares- 331,228 US Dollar Treasury Shares- 13,995,841 Sterling Shares- 1,450,652 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:US Dollar Share 0.7606 Sterling Share 1.4710From 28 July 2017, the total number of voting rights in the Company (rounded down to the whole number) is 22,754,955Enquiries:Website: www.bhmacro.comNorthern Trust International Fund Administration Services (Guernsey) LimitedSharon A WilliamsTel: +44 (0)1481 745436 


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