27th Oct 2015 15:42
BH GLOBAL LIMITED - Correction : Conversion of Securities - SeptemberBH GLOBAL LIMITED - Correction : Conversion of Securities - September
PR Newswire
London, October 27
Please be advised that this announcement corrects the announcement made earlier today at 12:30hrs. The total number of Sterling Shares in issue has been corrected.
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 30 September 2015 Share Conversion
27 October 2015
Following the publication on 23 October 2015 of the final month-end net asset values for 30 September 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 September 2015 share conversion date:
| 0.649624 | Sterling shares for each US Dollar share |
| 1.539352 | 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:
885 GBP Sterling shares of no par value;and the following shares will be cancelled:
1,364 US Dollar shares of no par valueall with effect from 27 October 2015
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 30 October 2015. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on 30 October 2015.
Following issue and cancellation of the relevant shares, the total number of shares in issue in each class will be as follows:
- 4,597,136 US Dollar Shares
- 421,090 US Dollar Treasury Shares
- 26,166,229 Sterling Shares
- 2,736,261 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 27 October 2015, the total number of voting rights in the Company (rounded down to the whole number) is 56,393,126
Enquiries:
Website: www.bhglobal.com
Northern Trust International Fund Administration Services (Guernsey) LimitedSharon A WilliamsTel: +44 (0) 1481 745436
Related Shares:
BHGG.LBHGU.L