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BH Global Limited - Conversion of Securities (Feb 2021)

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BH Global Limited (the "Company")
(a closed-ended investment scheme established as a company with limited liability under the laws of Guernsey with registered number 48555)
LEI 549300BIIO4DTKEMXV14

Completion of 28 February 2021 Share Conversion
07 April 2021
(Classified Regulated Information, under DTR 6 Annex 1 Section 2.5)

Following the publication on 24 March 2021 of the final month-end net asset values for 28 February 2021, the following share conversion ratios have been determined in accordance with the Articles of Incorporation of the Company for the purposes of the 28 February 2021 share conversion date:

0.738656

Sterling shares for each US Dollar share

1.353810

US Dollar shares for each Sterling share

On the basis of aggregate applications received and using the conversion ratios listed above, the following shares will be issued:

  • 1,296 US Dollar Class Shares of no par value;

and the following shares will be cancelled:

  • 958 Sterling Class Shares of no par value;

all with effect from 07 April 2021.

Application will be 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 or about 13 April 2021. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on or about 13 April 2021.

Following issue and cancellation of the relevant shares, the total number of shares in issue in each class will be as follows:

- 2,651,367 US Dollar Shares

- 232,443 US Dollar Treasury Shares

- 20,449,417 Sterling Shares

- 1,126,110 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 23 May 2008 and will not change as a result of the conversions. These are:

US Dollar Share 1

Sterling Share 1.97950

From 7 April 2021, the total number of voting rights in the Company (rounded down to the whole number) is 43,130,987.


Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited
Company Secretary
Tel: +44 (0) 1481 745736

Website: www.bhglobal.com