BH GLOBAL LIMITED (the "Company")
(a closed-ended investment company incorporated in Guernsey
with registration number 48555)
Partial Return of Capital
27 May 2015
Further to the announcement on 16 April 2015, the Company is today posting a
circular to shareholders setting out details of the partial capital return to
be funded from the net asset value growth of the Company during 2014.
The aggregate value of the shares of each class to be redeemed by the Company
pursuant to the partial capital return will be limited to an amount equivalent
to approximately 2 per cent. of the net asset value of each share class as at
31 December 2014, being: Sterling shares £7,300,000 and US Dollar shares:
$1,840,000.
The partial capital return will entitle eligible shareholders to have the
following percentages of their shareholding of the relevant class redeemed at
the following prices:
Redemption percentage Redemption price
Sterling shares 1.8769% £13.7770
US Dollar shares 2.6201% $13.5749
The redemption prices are at a 1 per cent. discount to the 30 April 2015 final
month-end net asset values to reflect the attribution to the shares to be
redeemed of the costs of the partial capital return.
Further details regarding the partial capital return, including its terms and
conditions and the process for participation, are included in the circular. As
described in the circular, the partial capital return is not available to
certain overseas shareholders.
The record time and date for participation in the partial capital return will
be 5.00 p.m. (GMT) on 29 May 2015. It is expected that settlement of the
proceeds of the partial capital return will be made during the week commencing
6 July 2015.
A copy of the circular will shortly be available on the Company's website at
http://www.bhglobal.com/. The circular has also been submitted to the National
Storage Mechanism and will shortly be available for inspection at
www.morningstar.co.uk/uk/nsm.
Enquiries:
William Simmonds
JPMorgan Cazenove
Tel: 020 7588 2828
David Yovichic
Canaccord Genuity Limited
020 7523 8361
The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Tel: 01481 745368