REG-BH Macro Limited: Result of AGM

BH MacroAnnouncement

25/06/2020 11:20

BH MACRO Limited
(an authorised closed-ended collective investment scheme established as a
company with limited liability under the laws of Guernsey with registration
number 46235)
(The “Company”)

LEI Number: 549300ZOFF0Z2CM87C29

25 June 2020

RESULT OF ANNUAL GENERAL MEETING

At the Annual General Meeting of the Company held on 25 June 2020, all
Ordinary Resolutions set out in the Annual General Meeting Notice sent to
Shareholders dated 28 May 2020 were duly passed.

Details of the proxy voting results which should be read along side the Notice
are noted below:

 Ordinary Resolution      For     Discretion  (voted in favour)  Against  Abstain  
          1           11,872,103                0                 4,413    5,493   
          2           11,871,783                0                 4,733    5,493   
          3           11,871,783                0                 4,733    5,493   
          4           11,872,103                0                 4,413    5,493   
          5           11,755,951                0                120,565   5,493   
          6           11,871,980                0                 4,413    5,616   
          7           11,868,413                0                 8,103    5,493   
          8           11,753,631                0                122,885   5,493   
          9           11,871,783                0                 4,733    5,493   
          10          11,868,290                0                 8,103    5,616   
  Special Resolution      For     Discretion  (voted in favour)  Against  Abstain  
          11          11,872,103                0                 4,413    5,493   
          12          11,871,980                0                 4,413    5,616   

Note - A vote withheld is not a vote in law and has not been counted in the
votes for and against a resolution. 

The above figures aggregate the proxy votes received on the US Dollar shares
and Sterling shares in accordance with the respective voting rights applicable
to each US Dollar share and Sterling share on a poll, being 0.7606 votes per
US Dollar share and 1.471 votes per Sterling share.

The Special Resolutions were as follows:

Special Resolution 11

 IT WAS RESOLVED that the Company be and is hereby generally and unconditionally authorised in accordance with the Companies (Guernsey) Law, 2008, as amended (the "Companies Law"), to make market acquisitions (as defined in the Companies Law) of each class of its shares (either for the retention as treasury shares for resale or transfer, or cancellation), PROVIDED THAT:  a. the maximum number of shares authorised to be purchased shall be 374,512 shares designated as US Dollar shares and 2,213,951 shares     
 designated as Sterling shares (respectively being 14.99 per cent. of the shares of each class in issue as at the latest practicable date prior to the date of publication of this document (excluding in each case shares held in treasury)) ; b. the minimum price (exclusive of expenses) which may be paid for a share shall be one cent for shares designated as US Dollar shares and one pence for shares designated as Sterling shares;                                                                                   
 c. the maximum price which may be paid for a share of the relevant class is an amount equal to the higher (a) 105 per cent. of the average of the middle market quotations for a share of the relevant class on the relevant market for the five business days immediately preceding the date on which the share is purchased; and (b) the higher of (i) the price of the last independent trade for a share of the relevant class and (ii) the highest current independent bid for a share of the relevant class at the time of 
 purchase; and d. the authority hereby conferred shall expire at the annual general meeting of the Company in 2021 unless such authority is varied, revoked or renewed prior to such date by a special resolution of the Company in a general meeting.                                                                                                                                                                                                                                                                           

Special Resolution 12

IT WAS RESOLVED THAT in accordance with Article 6.4 of the Articles, the
Directors be empowered to allot and issue (or sell from treasury) 249,841
shares designated as US Dollar shares and 1,476,952 shares designated as
Sterling shares(respectively being 10 per cent. of the shares in issue of each
class as at the latest practicable date prior to the date of this notice
(excluding shares held in treasury)) for cash as if Article 6.1 of the
Articles did not apply to the allotment and issue (or sale from treasury) for
the period expiring on the date falling fifteen months after the date of
passing of this Resolution 12 or the conclusion of the next annual general
meeting of the Company, whichever is the earlier, save that the Company may
before such expiry make offers or agreements which would or might require
shares to be allotted and issued (or sold) after such expiry and the Directors
may allot and issue (or sell) shares in pursuance of any such offer or
agreement notwithstanding that the power conferred by this Resolution 12 has
expired.

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited
The Company Secretary
Trafalgar Court

Les Banques
St Peter Port
Guernsey
GY1 3QL

Tel:        01481 745001



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