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