BH Macro Limited - Tender Price
London, July 30
THIS ANNOUNCEMENT IS NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH ITS DISTRIBUTION MAY BE UNLAWFUL
BH MACRO LIMITED
(a closed-ended investment company incorporated in Guernsey with registration number 46235)
30 July 2021
Further to the tender offer launched by the Company on 2 June 2021 (the "Tender Offer") and the Company's announcement of Final Net Asset Values for each class of its shares as at close of business on 30 June 2021, the Company today announces that the final repurchase price per share (the "Tender Price") for the shares to be acquired by the Company pursuant to Tender Offer are as follows:
|Class of shares||Tender Price|
|US dollar shares||$34.4646|
The Tender Price has been calculated as 97.8 per cent. of the relevant Net Asset Value per share as at close of business on 30 June 2021, as further described in the circular to shareholders published in connection with the Tender Offer dated 2 June 2021.
The shares to be acquired by the Company pursuant to the Tender Offer are expected to be repurchased effective 3 August 2021, and the Tender Offer consideration will be despatched to tendering shareholders by 6 August 2021 or as soon as practicable thereafter.
J.P. Morgan Cazenove
020 7742 4000
Edward Berry / Tom Blackwell
07703 330 199 / 07747 113 919
J.P. Morgan Securities plc, which conducts its UK investment banking activities as J.P. Morgan Cazenove ("J.P. Morgan Cazenove"), which is authorised by the Prudential Regulation Authority and regulated by the Prudential Regulation Authority and the Financial Conduct Authority in the United Kingdom, is acting exclusively for the Company and no-one else in connection with the Tender Offer and will not be responsible to anyone other than the Company for providing the protections afforded to customers of J.P. Morgan Cazenove or for providing advice in relation to the Tender Offer or any other matter referred to herein.
This announcement does not constitute an offer or solicitation to acquire or sell any securities in the Company. Any acceptance or other response to the Tender Offer should be made on the basis of the information contained in the Circular. The Tender Offer will not be extended into any jurisdiction where to do so may be unlawful or which may otherwise subject the Company or any other person to any unduly onerous obligation.
This announcement is not for distribution in or into the United States, Canada, Australia or Japan or any other jurisdiction in which its distribution may be unlawful. This announcement is not an offer of securities for sale in the United States or elsewhere. The securities of the Company have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States unless registered under the Securities Act or pursuant to an exemption from such registration. The Company has not been and will not be registered under the US Investment Company Act of 1940, as amended, and investors are not entitled to the benefits of that Act. There has not been and there will be no public offering of the Company's securities in the United States.