BH Macro Limited announces a share repurchase program. Under the tender offer, the fund will repurchase up to 100% of its issued share capital at a price equivalent to 96% of net asset value for the relevant class as at February 28, 2017. If valid acceptances are received under the offer in excess of 66.67% of shares in issue (or in excess of such greater percentage as may be agreed between the company and the Manager, but no more than 75%), the offer will not proceed and, instead, proposals will be put to shareholders for the liquidation of the company. The offer will be subject to other customary conditions, including shareholder approval. If it proceeds, the fund expects that the offer consideration will be paid to shareholders in April 2017. The company will convene an Extraordinary General Meeting of shareholders to approve the offer and the structural changes on February 24, 2017. The tender offer is valid until February 22, 2017. On February 24, 2017, the shareholders of the company approved the tender offer at its Extraordinary General Meeting. On May 3, 2017, the company announced that following the completion of the Tender Offer, the NAV of the Euro share class would likely fall to below the equivalent of US$25 million on the next net asset value calculation date on May 31, 2017 and therefore the company intends to convert the remaining Euro shares into Sterling shares with effect June 29, 2017. J.P. Morgan Cazenove acted as the broker to the company.