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 December 2016 Share Conversion
23 January 2017
Following the publication on 18 January 2017 of the final month-end net asset
values for 31 December 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 December 2016 share conversion date:
0.782768 Sterling shares for each US
Dollar share
0.942572 Euro shares for each US Dollar
share
1.277518 US Dollar shares for each
Sterling share
1.203907 Euro shares for each Sterling
share
1.060927 US Dollar shares for each Euro
share
0.830629 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:
* 50,491 GBP Shares of no par value
and the following shares will be cancelled:
* 23,318 US Dollar Shares of no par value
* 38,813 Euro Shares of no par value
all with effect from 23 January 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 26 January 2017 Shareholder CREST accounts
for converting shareholders are expected to be updated by 5.00pm on 26 January
2017.
Following issue and cancellation of the relevant shares, the total number of
shares in issue in each class will be as follows:
- 1,476,059 Euro Shares
- 271,854 Euro Treasury Shares
- 9,952,206 US Dollar Shares
- 1,406,228 US Dollar Treasury Shares
- 22,422,160 Sterling Shares
- 2,650,652 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 23 January 2017, the total number of voting rights in the Company (rounded
down to the whole number) is 42,028,704
Enquiries:
Website: www.bhmacro.com
Northern Trust International Fund Administration Services (Guernsey) Limited
Sharon A Williams
Tel: +44 (0)1481 745436