REG-BH Macro Limited: Result of AGM

BH MacroAnnouncement

16/05/2025 15:15

 

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

 

16 MAY 2025

 

RESULT OF ANNUAL GENERAL MEETING

 

At the Annual General Meeting of the Company held on 16 May 2025 all Ordinary
Resolutions set out in the Annual General Meeting Notice sent to Shareholders
dated 25 April 2025 were duly passed.

 

Details of the proxy voting results which should be read alongside the Notice
of Meeting are noted below:

 

 Ordinary Resolution  For          Discretion (voted in favour)  Against  Withheld   
 1                    331,920,425  3,825                         21,481   33,098.97  
 2                    331,813,370  0                             126,191  39,268     
 3                    331,747,481  0                             184,641  46,707     
 4                    331,270,695  0                             209,145  498,989    
 5                    331,312,933  0                             174,869  491,027    
 6                    331,312,933  0                             174,869  491,027    
 7                    331,309,042  0                             174,869  494,918    
 8                    331,293,660  0                             190,252  494,918    
 9                    331,587,259  0                             274,144  117,427    
 10                   331,675,944  0                             200,744  102,141    
 Special Resolution   For          Discretion (voted in favour)  Against  Withheld   
 11                   331,840,130  0                             63,391   75,309     
 12                   331,685,544  0                             192,002  101,283    

 

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
4,067,099 shares designated as US Dollar shares and 50,386,530 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 2026 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) 2,713,208 shares designated as US
Dollar shares and 33,613,429 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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