BH Macro Limited Share Conversions - September 2016
24 October 2016 - 11:55PM
UK Regulatory
TIDMBHMG TIDMBHME TIDMBHMU
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)
Completion of 30 September 2016 Share Conversion
24 October 2016
Following the publication on 17 October 2016 of the final month-end net asset
values for 30 September 2016, the following share conversion ratios have been
determined in accordance with the articles of incorporation of the Company for
the purposes of the 30 September 2016 share conversion date:
0.742584 Sterling shares for each US Dollar share
0.882235 Euro shares for each US Dollar share
1.346649 US Dollar shares for each Sterling share
1.188336 Euro shares for each Sterling share
1.133485 US Dollar shares for each Euro share
0.841513 Sterling shares for each Euro share
On the basis of aggregate applications received and using the conversion ratios
listed above, the following shares will be issued:
* 113,348 USD Shares of no par value
* 90,078 GBP Shares of no par value
and the following shares will be cancelled:
* 207,043 Euro Shares of no par value
all with effect from 24 October 2016
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 28 October 2016. Shareholder CREST accounts
for converting shareholders are expected to be updated by 5.00pm on 28 October
2016.
Following issue and cancellation of the relevant shares, the total number of
shares in issue in each class will be as follows:
-1,914,055 Euro Shares
-271,854 Euro Treasury Shares
-10,456,173 US Dollar Shares
-1,406,228 US Dollar Treasury
Shares
-21,648,515 Sterling Shares
-2,650,652 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:
Euro Share 1
US Dollar Share 0.7606
Sterling Share 1.4710
From 24 October 2016, the total number of voting rights in the Company (rounded
down to the whole number) is 41,711,986
Enquiries:
Website: www.bhmacro.com
Northern Trust International Fund Administration Services (Guernsey) Limited
Sharon A Williams
Tel: +44 (0)1481 745436
END
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