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BH Macro Limited - Conversion of Securities - Correction

PR Newswire
·2-min read

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)

LEI: 549300ZOFF0Z2CM87C29

Completion of 31 March 2023 Share Conversion – CORRECTION

15 May 2023

Classified Regulated Information, under DTR 6 Annex 1 section 2.5

The following correction has been made to the “Conversion of Securities” announcement released on 4 May 2023 at 15:57hr.

Previously stated:

“From 4 May 2023, the total number of voting rights in the Company (rounded down to the whole number) is 569,935,553.”

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Corrected to:

“From 4 May 2023, the total number of voting rights in the Company (rounded down to the whole number) is 572,583,889.”

The updated announcement is detailed below in full:

Following the publication on 26 April 2023 of the final month-end net asset values for 31 March 2023, the following share conversion ratios have been determined in accordance with the articles of incorporation of the Company for the purposes of the 31 March 2023 share conversion date:

0.840856

Sterling shares for each US Dollar share

1.189264

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:

  • 17,908 Sterling Shares of no par value

and the following shares will be cancelled:

  • 21,300 US Dollar Shares of no par value

all with effect from 4 May 2023.

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 15 May 2023. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on or about 15 May 2023.

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

- 28,909,125 US Dollar Shares
- 0 US Dollar Treasury Shares
- 374,300,210 Sterling Shares
- 0 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:

US Dollar Share 0.7606
Sterling Share 1.4710

From 4 May 2023, the total number of voting rights in the Company (rounded down to the whole number) is 572,583,889.

Website: www.bhmacro.com
Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited
Tel: +44 (0)1481 745001