BH Macro Limited May Share Conversion & Closure of Euro Share Class

 
TIDMBHMG TIDMBHME TIDMBHMU 
 
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 May 2017 Share Conversion 
                         & Closure of Euro Share Class 
                                 23 June 2017 
 
Following the publication on 15 June 2017 of the final month-end net asset 
values for 31 May 2017, the following share conversion ratios have been 
determined in accordance with the articles of incorporation of the Company for 
the purposes of the 31 May 2017 share conversion date: 
 
0.775984 Sterling shares for each US 
         Dollar share 
 
1.288687 US Dollar shares for each 
         Sterling share 
 
1.091766 US Dollar shares for each Euro 
         share 
 
0.847184 Sterling shares for each Euro 
         share 
 
On the basis of the 31 May 2017 Net Asset Values, the net asset value of the 
Euro share class is lower than US$25 million (on the basis of the prevailing US 
Dollar/Euro exchange rate as at 31 May 2017).  Accordingly, as previously 
announced by the Company on 3 May 2017, the Company has determined that all 
remaining shares in the Euro share class will be converted into Sterling shares 
as the Sterling/Euro share conversion ratio with effect from 29 June 2017 and 
all Euro shares held by the Company in treasury will be cancelled on that 
date.  The Euro share class will then close and its listing will be cancelled. 
 
On the basis of aggregate applications received, and the conversion of the Euro 
Shares, and using the conversion ratios listed above, the following shares will 
be issued: 
 
  * 757,968 GBP Shares of no par value 
 
and the following shares will be cancelled: 
 
  * 57,829 US Dollar Shares of no par value 
  * 841,725 Euro Shares of no par value 
  * 91,854 Euro Shares held in treasury 
 
all with effect from 29 June 2017 
 
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 or about 28 June 2017 Shareholder CREST 
accounts for converting shareholders are expected to be updated by 5.00pm on or 
about 29 June 2017. 
 
Following issue and cancellation of the relevant shares, the total number of 
shares in issue in each class will be as follows: 
 
-               2,849,663                US Dollar Shares 
 
-               331,228                   US Dollar Treasury Shares 
 
-               13,995,456              Sterling Shares 
 
-               1,450,652                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: 
 
US Dollar Share    0.7606 
 
Sterling Share       1.4710 
 
From 29 June 2017, the total number of voting rights in the Company (rounded 
down to the whole number) is 22,754,769 
 
Enquiries: 
 
Website: www.bhmacro.com 
 
Northern Trust International Fund Administration Services (Guernsey) Limited 
 
Sharon A Williams 
 
Tel:  [phone] 
 
 
 
END 
 

(END) Dow Jones Newswires

June 23, 2017 11:23 ET (15:23 GMT)