REG-BH Macro Limited: Conversion of Securities

BH MacroAnnouncement

04/12/2023 14:00

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

 

4 December 2023

 

Classified Regulated Information, under DTR 6 Annex 1 section 2.5

 

Following the publication on 24 November 2023 of the final month-end net asset
values for 31 October  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 October 2023 share conversion date:

 

 0.855494  Sterling shares for each US Dollar share  
 1.168916  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:

 

-          33,859 Sterling Shares of no par value

 

and the following shares will be cancelled:

 

-          39,583 US Dollar Shares of no par value

 

all with effect from 4 December 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 12 December 2023. Shareholder CREST
accounts for converting shareholders are expected to be updated by 5.00pm on
or about 12 December 2023.

 

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

 

- 29,856,472 US Dollar Shares

- 0  US Dollar Treasury Shares

- 373,528,426 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 December 2023, the total number of voting rights in the Company
(rounded down to the whole number) is 572,169,147.

 

Website: www.bhmacro.com

Enquiries:

 

Northern Trust International Fund Administration Services (Guernsey) Limited

Tel:  +44 (0)1481 745001



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