BH Global Limited Result of Annual General Meeting

 
TIDMBHGG TIDMBHGU 
 
BH Global Limited (the "Company") 
 
  (a closed-ended collective investment scheme established as a company with 
  limited liability under the laws of Guernsey with registered number 48555) 
 
                   RESULT OF ANNUAL GENERAL MEETING ("AGM") 
 
                                 26 June 2017 
 
The Board of BH Global Limited is pleased to announce that at the AGM held on 
26 June 2017, all twelve resolutions as set out in the Notice dated 26 May 2017 
were duly passed by way of a show of hands. 
 
The proxy votes received on each resolution proposed at the AGM were as 
follows.  A vote withheld is not a vote in law and has not been counted in the 
votes for and against a resolution. 
 
     Ordinary Resolutions                               For      Against      Vote 
                                                                            Withheld 
 
1.   That the Annual Audited Financial Statements of 12,668,377     0          0 
     the Company for the period ended 31 December 
     2016, together with the Reports of the 
     Directors and the Auditors thereon, be received 
     and considered. 
 
2.   That KPMG Channel Islands Limited be            12,668,377     0          0 
     re-appointed as Auditors until the conclusion 
     of the next annual general meeting. 
 
3.   That the Board of Directors be authorised to    12,668,377     0          0 
     determine the remuneration of the Auditors. 
 
4.   That Sir Michael Bunbury be re-elected as a     12,668,377     0          0 
     Director. 
 
5.   That John Hallam be re-elected as a Director.   12,658,309   10,068       0 
 
6.   That Graham Harrison be re-elected as a         12,668,377     0          0 
     Director. 
 
7.   That Nicholas Moss be re-elected as a Director. 12,668,377     0          0 
 
8.   That Julia Chapman be elected as a Director.    12,668,377     0          0 
 
9.   That the Directors' Remuneration Report         12,668,377     0          0 
     contained in the Annual Audited Financial 
     Statements of the Company for the period ended 
     31 December 2016 be approved. 
 
10.  That the Directors be generally and             12,504,908  163,469       0 
     unconditionally authorised to allot and issue, 
     grant rights to subscribe for, or to convert 
     securities into, up to 1,205,807 shares 
     designated as US Dollar shares and 7,388,773 
     shares designated as Sterling shares 
     respectively (being 33.33 per cent. of the 
     Company's shares of each class in issue as at 
     the latest practicable date prior to the date 
     of publication of this document (excluding 
     shares held in treasury) for the period 
     expiring on the date falling fifteen months 
     after the date of passing of this Resolution 10 
     or the conclusion of the next annual general 
     meeting of the Company, whichever is the 
     earlier, save that the Company may before such 
     expiry make an offer or agreement which would 
     or might require shares to be allotted and 
     issued after such expiry and the Directors may 
     allot and issue shares in pursuance of such an 
     offer or agreement as if the authority had not 
     expired. 
 
     Special Resolutions                                For      Against      Vote 
                                                                            Withheld 
 
11.  That the Company be and is hereby generally and 12,668,377     0          0 
     unconditionally authorised in accordance with 
     the Companies (Guernsey) Law, 2008, as amended 
     (the "Companies Law"), to make market 
     acquisitions (as defined in the Companies Law) 
     of each class of its shares (either for the 
     retention as treasury shares for resale or 
     transfer, or cancellation), PROVIDED THAT: 
     a. the maximum number of shares authorised to 
     be purchased shall be 542,305 shares designated 
     as US Dollar shares and 3,323,063 shares 
     designated as Sterling shares (being 14.99 per 
     cent. of the shares of each class in issue as 
     at the latest practicable date prior to the 
     date of publication of this document, excluding 
     shares held in treasury); 
     b. the minimum price (exclusive of expenses) 
     which may be paid for a share shall be one cent 
     for shares designated as US Dollar shares and 
     one pence for shares designated as Sterling 
     shares; 
     c. the maximum price which may be paid for a 
     share of the relevant class is an amount equal 
     to the higher of: (a) 105 per cent. of the 
     average of the middle market quotations for a 
     share of the relevant class on the relevant 
     market for the five business days immediately 
     preceding the date on which the share is 
     purchased; and (b) the higher of (i) the price 
     of the last independent trade for a share of 
     the relevant class and (ii) the highest current 
     independent bid for a share of the relevant 
     class at the time of purchase; and 
     d.  the authority hereby conferred shall expire 
     at the annual general meeting of the Company in 
     2018 unless such authority is varied, revoked 
     or renewed prior to such date by a special 
     resolution of the Company in a general meeting. 
 
12.  That, in accordance with Article 6.4 of the     12,504,908  163,469       0 
     Articles, the Directors be empowered to allot 
     and issue (or sell from treasury) 361,778 
     shares designated as US Dollar shares and 
     2,216,853 shares designated as Sterling shares 
     (being 10 per cent. of the shares in issue of 
     each class as at the latest practicable date 
     prior to the date of this notice, excluding 
     shares held in treasury) for cash as if Article 
     6.1 of the Articles did not apply to the 
     allotment and issue (or sale from treasury) for 
     the period expiring on the date falling 15 
     months after the date of passing of this 
     Resolution 12 or the conclusion of the next 
     annual general meeting of the Company, 
     whichever is the earlier, save that the Company 
     may before such expiry make offers or 
     agreements which would or might require shares 
     to be allotted and issued (or sold) after such 
     expiry and the Directors may allot and issue 
     (or sell) shares in pursuance of any such offer 
     or agreement notwithstanding that the power 
     conferred by this Resolution 12 has expired. 
 
In accordance with Listing Rule 9.6.3, a copy of the Result of AGM has been 
submitted to the National Storage Mechanism and will shortly be available for 
inspection at: www.morningstar.co.uk/uk/NSM 
 
Company website:        www.bhglobal.com 
 
Northern Trust International Fund Administration Services (Guernsey) Limited 
 
Tony Sharpe 
 
Tel:       [phone] 
 
 
 
END 
 

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June 26, 2017 11:48 ET (15:48 GMT)