BH Macro Limited - Conversion of Securities
PR Newswire
London, June 24
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
Completion of 31 May 2019 Share Conversion
24 June 2019
Classified Regulated Information, under DTR 6 Annex 1 section 2.5
Following the publication on 19 June 2019 of the final month-end net asset values for 31 May 2019 the following share conversion ratios have been determined in accordance with the articles of incorporation of the Company for the purposes of the 31 May 2019 share conversion date:
| 0.813437 | Sterling shares for each US Dollar share |
| 1.229351 | 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:
-170,267 GBP Shares of no par value
and the following shares will be cancelled:
-209,318 USD Shares of no par value
all with effect from 24 June 2019
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 1 July 2019 Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on or about 1 July 2019.
Following issue and cancellation of the relevant shares, the total number of shares in issue in each class will be as follows:
- 2,391,955 US Dollar Shares
- 331,228 US Dollar Treasury Shares
- 14,353,937 Sterling Shares
- 1,450,652 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 24 June 2019, the total number of voting rights in the Company (rounded down to the whole number) is 22,933,962
Website: www.bhmacro.com
Enquiries:
Northern Trust International Fund Administration Services (Guernsey) Limited
Tel: +44 (0)1481 745001
