REG-BH Macro Limited: Result of AGM

BH MacroAnnouncement

05/06/2024 18:00

BH Macro Limited
(a 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

5 June 2024

Result OF ANNUAL GENERAL MEETING

At the Annual General Meeting of the Company held on 5 June 2024 all Ordinary
Resolutions set out in the Annual General Meeting Notice sent to Shareholders
dated 9 May 2024 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                    274,311,363  7,453,803                     2,386       0        
 2                    245,409,579  7,453,803                     28,900,099  4,071    
 3                    273,826,845  7,453,803                     481,755     5,149    
 4                    273,988,822  7,453,803                     29,574      295,353  
 5                    274,006,007  7,453,803                     12,389      295,353  
 6                    274,006,007  7,453,803                     12,389      295,353  
 7                    274,006,007  7,453,803                     12,389      295,353  
 8                    273,511,796  7,453,803                     506,601     295,353  
 9                    273,961,166  7,453,803                     46,777      305,806  
 10                   271,599,937  7,453,803                     2,711,621   2,192    
 Special Resolution   For          Discretion (voted in favour)  Against     Abstain  
 11                   274,309,020  7,453,803                     3,435       1,294    
 12                   271,602,212  7,453,803                     2,706,138   7,301    

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

The Special Resolutions were as follows:

Special Resolution 11

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 4,416,869
shares designated as US Dollar shares and 53,804,834 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 of: (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 2025 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

That, in accordance with Article 6.4 of the Articles, and in addition to all
subsisting authorities, pursuant to Article 6.4 the Directors be empowered to
allot and issue (or sell from treasury) 2,946,543 shares designated as US
Dollar shares and 35,893,819 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

END



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