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 31 July 2016 Share Conversion
24 August 2016
Following the publication on 17 August 2016 of the final month-end net asset
values for 31 July 2016, the following share conversion ratios have been
determined in accordance with the articles of incorporation of the Company for
the purposes of the 31 July 2016 share conversion date:
0.727867 Sterling shares for each US
Dollar share
0.889607 Euro shares for each US Dollar
share
1.373878 US Dollar shares for each
Sterling share
1.222291 Euro shares for each Sterling
share
1.124091 US Dollar shares for each Euro
share
0.818136 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:
* 33,182 GBP Shares of no par value
* 33,355 USD Shares of no par value
and the following shares will be cancelled:
* 70,235 Euro Shares of no par value
all with effect from 24 August 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 23 August 2016. Shareholder CREST accounts
for converting shareholders are expected to be updated by 5.00pm on 23 August
2016.
Following issue and cancellation of the relevant shares, the total number of
shares in issue in each class will be as follows:
- 2,195,657 Euro Shares
- 197,295 Euro Treasury Shares
- 10,988,504 US Dollar Shares
- 1,043,939 US Dollar Treasury Shares
- 22,370,477 Sterling Shares
- 2,417,112 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 August 2016, the total number of voting rights in the Company (rounded
down to the whole number) is 43,460,485
Enquiries:
Website: www.bhmacro.com
Northern Trust International Fund Administration Services (Guernsey) Limited
Sharon A Williams
Tel: +44 (0)1481 745436