BH Credit Catalysts Limited (the "Company")
(a closed-ended investment scheme established as a company with limited
liability under the laws of Guernsey with registered number 52520)
Completion of 31 July 2014 Share Conversion
22 August 2014
Following the publication on 21 August 2014 of the final month-end net asset
values for 31 July 2014, the following share conversion ratios have been
determined in accordance with the articles of incorporation of the Company for
the purposes of the 31 July 2014 share conversion date:
0.589597 GBP shares for each USD share
1.696075 USD shares for each GBP share
On the basis of aggregate applications received and using the conversion ratios
listed above, the following shares will be issued:
* 128,882 New Sterling shares of no par value
and the following shares will be cancelled:
* 218,594 US Dollar shares of no par value;
all with effect from 22 August 2014.
Application has been 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 29 August 2014. Shareholder CREST accounts
for converting shareholders are expected to be updated by 5.00pm on 29 August
2014.
Following issue and cancellation of the relevant shares, the total number of
shares in issue in each class will be as follows:
- 3,763,806 US Dollar Shares
- 7,879,093 Sterling Shares
The number of votes each share in the Company is entitled to on a poll at any
general meeting of the Company waspublished by the Company on 15 December 2010
and will not change as a result of the conversions. These are:
US Dollar Share 1.0000
Sterling Share 1.5774
From 22 August 2014, the total number of voting rights in the Company (rounded
down to the whole number) is 16,192,287.
Enquiries:
Website: www.bhcreditcatalysts.com
Northern Trust International Fund Administration Services (Guernsey) Limited
Andrew Maiden
Tel: +44 (0)1481 745368© 2014 PR Newswire
