REG-BH Macro Limited: Conversion of Securities

BH MacroAnnouncement

04/09/2023 11:30

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)

LEI: 549300ZOFF0Z2CM87C29

Completion of 31 July 2023 Share Conversion
4 September 2023
Classified Regulated Information, under DTR 6 Annex 1 section 2.5

Following the publication on 24 August 2023 of the final month-end net asset
values for 31 July 2023, the following share conversion ratios have been
determined in accordance with the articles of incorporation of the Company for
the purposes of the 31 July 2023 share conversion date:

 0.810210  Sterling shares for each US Dollar share  
 1.234248  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:
* 17,120 US Dollar Shares of no par value
and the following shares will be cancelled:
* 13,874 Sterling Shares of no par value
all with effect from 4 September 2023.

Application will be 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 11 September 2023. Shareholder
CREST accounts for converting shareholders are expected to be updated by
5.00pm on or about 11 September 2023.

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

-              29,607,429           US Dollar Shares

-              0            
               US Dollar Treasury Shares

-              373,729,951         Sterling Shares

-              0            
               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      1.4710

From 4 September 2023, the total number of voting rights in the Company
(rounded down to the whole number) is 572,276,168.

Website:    www.bhmacro.com

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Tel:  +44 (0)1481 745001

 




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