REG-BH Macro Limited: Completion of 29 January 2016 Share Conversion <Origin Href="QuoteRef">BHMG.L</Origin>
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 29 January 2016 Share Conversion
24 February 2016
Following the publication on 22 February 2016 of the final month-end net asset
values for 31 January 2016, the following share conversion ratios have been
determined in accordance with the articles of incorporation of the Company for
the purposes of the 29 January 2016 share conversion date:
0.674510 Sterling shares for each US
Dollar share
0.914974 Euro shares for each US Dollar
share
1.482557 US Dollar shares for each
Sterling share
1.356375 Euro shares for each Sterling
share
1.092927 US Dollar shares for each Euro
share
0.737259 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:
- 172,128 Sterling Shares of no par value
and the following shares will be cancelled:
- 140,292 US Dollar Shares of no par value
- 105,120 Euro Shares of no par value
all with effect from 24 February 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 1 March 2016. Shareholder CREST accounts for
converting shareholders are expected to be updated by 5.00pm on 1 March 2016.
Following issue and cancellation of the relevant shares, the total number of
shares in issue in each class will be as follows:
- 4,004,088 Euro Shares
- 416,723 Euro Treasury Shares
- 16,125,290 US Dollar Shares
- 1,643,617 US Dollar Treasury Shares
- 31,824,467 Sterling Shares
- 3,271,829 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 24 February 2016, the total number of voting rights in the Company
(rounded down to the whole number) is 63,082,775
Enquiries:
Website: www.bhmacro.com
Northern Trust International Fund Administration Services (Guernsey) Limited
Rebecca Booth
Tel: +44 (0)1481 745189
END
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