REG-BH Macro Limited: Conversion of Securities

BH MacroAnnouncement

03/10/2023 16:00

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

 

3 October 2023

 

Classified Regulated Information, under DTR 6 Annex 1 section 2.5

 

Following the publication on 27 September 2023 of the final month-end net
asset values for 31 August 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 August 2023 share conversion date:

 

 0.820580  Sterling shares for each US Dollar share  
 1.218651  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:

 

-          335,058 US Dollar Shares of no par value

 

and the following shares will be cancelled:

 

-          274,945 Sterling Shares of no par value

 

all with effect from 3 October 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 10 October 2023. Shareholder CREST
accounts for converting shareholders are expected to be updated by 5.00pm on
or about 10 October 2023.

 

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

 

- 29,942,487  US Dollar Shares

- 0  US Dollar Treasury Shares

- 373,455,006 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 3 October 2023, the total number of voting rights in the Company (rounded
down to the whole number) is 572,126,569.

 

Website: www.bhmacro.com

Enquiries:

 

Northern Trust International Fund Administration Services (Guernsey) Limited

Tel:  +44 (0)1481 745001



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