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TIDMBHMG
RNS Number : 9564D
BH Macro Limited
23 May 2012
BH Macro Limited (the "Company")
(a closed-ended investment scheme established as a company with limited liability under the laws of Guernsey with registered number 46235)
23 May 2012
Completion of 30 April 2012 Share Conversion
Following the publication on 21 April 2012 of the final month-end net asset values for 30 April 2012, the following share conversion ratios have been determined in accordance with the articles of association of the Company for the purposes of the 30 April 2012 share conversion date:
0.596871 Sterling shares for each US Dollar share
0.748497 Euro shares for each US Dollar share
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1.675404 US Dollar shares for each Sterling share
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1.253981 Euro shares for each Sterling share
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1.336011 US Dollar shares for each Euro share
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0.797460 Sterling shares for each Euro share
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On the basis of aggregate applications received and using the conversion ratios listed above, the following shares will be issued:
- 363,844 new Sterling shares of no par value
and the following shares will be cancelled:
- 182,018 Euro shares of no par value; and
- 366,398 US dollar shares of no par value.
all with effect from 23 May 2012.
Application has been made to the Financial Services Authority ("FSA") 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 28 May 2012. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on 28 May 2012.
Following issue and cancellation of the relevant shares, the total number of shares in issue in each class will be as follows:
- 8,685,197 Euro Shares
- 522,013 Euro Treasury Shares
- 29,992,132 US Dollar Shares
- 3,058,476 US Dollar Treasury Shares
- 40,531,838 Sterling Shares; and
- 877,595 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 May 2012, the total number of voting rights in the Company (rounded down to the whole number) is 91,119,546.
Enquiries:
Northern Trust International Fund Administration Services (Guernsey) Limited
Rose Toussaint +44 (0)1481 745381
Website: www.bhmacro.com
This information is provided by RNS
The company news service from the London Stock Exchange
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CONAJMTTMBATBMT
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