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BH Global Limited - Share Conversion (Sept 2020)

·2-min read

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 30 September 2020 Share Conversion
30 October 2020
(Classified Regulated Information, under DTR 6 Annex 1 Section 2.5)

Following the publication on 23 October 2020 of the final month-end net asset values for 30 September 2020, 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 2020 share conversion date:

0.795428

Sterling shares for each US Dollar share

1.257184

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:

  • 100,574 US Dollar Class Shares of no par value;

and the following shares will be cancelled:

  • 80,000 Sterling Class Shares of no par value;

all with effect from 30 October 2020.

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 10 November 2020. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on or about 10 November 2020.

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

- 2,629,113 US Dollar Shares
- 267,443 US Dollar Treasury Shares
- 19,898,534 Sterling Shares
- 1,667,180 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 30 October 2020, the total number of voting rights in the Company (rounded down to the whole number) is 42,018,261.

Enquiries:

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

Website: www.bhglobal.com