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 August 2016 Share Conversion
26 September 2016
Following the publication on 19 September 2016 of the final month-end net asset values for 31 August 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 August 2016 share conversion date:
|0.732123||Sterling shares for each US Dollar share|
|0.886591||Euro shares for each US Dollar share|
|1.365890||US Dollar shares for each Sterling share|
|1.210966||Euro shares for each Sterling share|
|1.127915||US Dollar shares for each Euro share|
|0.825787||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:
- 11,610 USD Shares of no par value
and the following shares will be cancelled:
- 8,500 GBP Shares of no par value
all with effect from 26 September 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 29 September 2016. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on 30 September 2016.
Following issue and cancellation of the relevant shares, the total number of shares in issue in each class will be as follows:
- 2,147,598 Euro Shares
- 245,354 Euro Treasury Shares
- 10,475,973 US Dollar Shares
- 1,249,860 US Dollar Treasury Shares
- 21,975,563 Sterling Shares
- 2,250,526 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 26 September 2016, the total number of voting rights in the Company (rounded down to the whole number) is 42,441,676.
Northern Trust International Fund Administration Services (Guernsey) Limited
Sharon A Williams
Tel: +44 (0)1481 745436