BH Global Limited Conversion of Securities - October
28 November 2015 - 3:18AM
UK Regulatory
TIDMBHGG TIDMBHGU
BH Global Limited (the "Company")
(a closed-ended investment scheme established as a company with limited
liability under the laws of Guernsey with registered number 48555)
Completion of 30 October 2015 Share Conversion
27 November 2015
Following the publication on 24 November 2015 of the final month-end net asset
values for 30 October 2015, the following share conversion ratios have been
determined in accordance with the articles of incorporation of the Company for
the purposes of the 30 October 2015 share conversion date:
0.637200 Sterling shares for each US Dollar share
1.569366 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:
* 313,873 US Dollar shares of no par value
and the following shares will be cancelled:
* 200,000 GBP Sterling shares of no par value;
all with effect from 27 November 2015
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 3 December 2015. Shareholder CREST accounts
for converting shareholders are expected to be updated by 5.00pm on 3 December
2015.
Following issue and cancellation of the relevant shares, the total number of
shares in issue in each class will be as follows:
- 4,849,375 US Dollar Shares
- 482,724 US Dollar Treasury Shares
- 25,625,229 Sterling Shares
- 2,437,261 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 23 May 2008 and
will not change as a result of the conversions. These are:
US Dollar Share 1
Sterling Share 1.97950
From 27 November 2015, the total number of voting rights in the Company
(rounded down to the whole number) is 55,574,515
Enquiries:
Website: www.bhglobal.com
Northern Trust International Fund Administration Services (Guernsey) Limited
Sharon A Williams
Tel: +44 (0) 1481 745436
END
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