22nd Aug 2014 16:55
BH Global Limited (the "Company")
(a closed-ended collective investment scheme established as a company with limited liability under the laws of Guernsey with registered number 48555)
Redemption of Euro Shares and Total Voting Rights
22 August 2014
The Company announces that the redemption price per share for its remaining Euro Shares is €12.6591 per share. This is equivalent to 97.12 per cent of the net asset value per Euro Share as at 31 July 2014.
The difference between the redemption price and the 31 July 2014 net asset value per Euro Share represents the amount required for payment of the costs incurred in relation to convening the Euro Share class closure meeting and the partial reimbursement to the Company's manager of the costs of the Company's IPO that were borne by Brevan Howard which are attributable to the redeemed Euro Shares.
With this announcement of the redemption price, all Euro Shares (12,456,014) have now been redeemed and the proceeds of redemption will be paid in the week commencing 1 September 2014.
On 22 August 2014, the Company also cancelled all Euro Treasury Shares (197,180).
Following the redemption and cancellation of the Euro Shares, the total number of shares in issue in each share class of the Company will be as follows:
Number of shares in issue less shares held in treasury following the redemption and cancellation as described above | Total number of treasury shares held by the Company following the cancellation as described above |
0 Euro Shares | 0 Euro Shares |
6,456,606 US Dollar Shares | 632,147 US Dollar Shares |
28,296,077 Sterling Shares | 2,610,197 Sterling 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 aforementioned redemption and cancellation. These are:
US Dollar Share 1
Sterling Share 1.97950
From 22 August 2014, the total number of voting rights in the Company in respect of shares in issue (rounded to the nearest whole number) is 62,468,690 and the total number of voting rights in respect of shares held in treasury (rounded to the nearest whole numbers) is 5,799,032.
Enquiries:
Company website: www.bhglobal.com
Northern Trust International Fund Administration Services (Guernsey) Limited
Andrew Maiden Tel: +44 (0) 1481 745368
Brevan Howard
Daniel Riggs Tel: +44 (0) 207 022 6236
Related Shares:
BHGG.L