BH Global Limited Results of EGM and Class Meetings

 
TIDMBHGG TIDMBHGU 
 
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION 
 
 
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) 
 
LEI: 549300BIIO4DTKEMXV14 
 
19 July 2021 
 
Results of Extraordinary General Meeting and Class Meetings 
 
Further to the announcement of 30 June, detailing the proposal that the Company 
enter into a scheme of reconstruction (the "Scheme") pursuant to which the 
Company would be placed into voluntary liquidation, an Extraordinary General 
Meeting of the Company and Class Meetings of Sterling Shareholders and US 
Shareholders were held this morning at which approval was sought from 
shareholders for the implementation of the Scheme and for matters associated 
therewith. Three Special Resolutions were put forward at the Extraordinary 
General Meeting, and one Ordinary Resolution was put forward at each Class 
Meeting. 
 
The votes received were as follows: 
 
Extraordinary General Meeting 
Special Resolution 1 - Reclassification of Shares and amendments to Articles of 
Incorporation 
Votes in favour - 27,569,252 (representing 100% of votes cast) 
 
Special Resolution 2 - Implementation of the Scheme 
Votes in favour -27,569,252 (representing 100% of votes cast) 
 
Special Resolution 3 - Voluntary liquidation and appointment of Liquidators 
Votes in favour - 27,569,252 (representing 100% of votes cast) 
 
(The above figures aggregate the proxy votes received on the US Dollar Shares 
and Sterling Shares in accordance with the respective voting rights applicable 
to each US Dollar Share and Sterling Share on a poll, being one vote per US 
Dollar Share and 1.97950 votes per Sterling Share.) 
 
Class Meeting of Sterling Shareholders 
 
Ordinary Resolution - Approval of the resolutions to be put forward at the EGM 
and of variation of rights 
Votes in favour - 13,201,781 (representing 100% of votes cast) 
 
Class Meeting of US Dollar Shareholders 
Ordinary Resolution - Approval of the resolutions to be put forward at the EGM 
and of variation of rights 
Votes in favour - 1,412,459 (representing 100% of votes cast) 
 
The full text of each of the Resolutions can be found in the Company's circular 
to shareholders dated 30 June 2021 (the "Circular"). 
 
All resolutions were therefore passed at each Meeting, and accordingly the 
Company has now been placed into voluntary liquidation pursuant to the terms of 
the Scheme. 
 
 
Shareholder entitlements under the Scheme 
A further announcement is expected to be made on or around 25 August 2021 
detailing shareholder entitlements to cash and/or BH Macro Shares pursuant to 
the Scheme (such entitlements to be calculated by reference to the NAV of the 
Company's Shares and of BH Macro's Shares as at 31 July 2021). Details of those 
entitlements will also be published on the Company's website (www.bhglobal.com) 
at that time. 
 
Suspension and Cancellation of Shares 
As previously announced, both classes of the Company's Shares were suspended 
from listing on the Official List of the Financial Conduct Authority and from 
trading on the London Stock Exchange at 7.30 a.m. on 15 July 2021. Application 
has been made to the Financial Conduct Authority and to the London Stock 
Exchange for the cancellation of listings and admissions to trading of the 
Shares with effect from 8.00 a.m. on 23 July 2021. 
 
Listing of New BH Macro Shares 
Admission to the Official List of new BH Macro Shares issued pursuant to the 
Scheme, and commencement of dealings in such Shares on the Main Market of the 
London Stock Exchange, are expected to take place at 8.00 a.m. on 26 August 
2021. 
 
Defined terms in this announcement have the same meanings given to them in the 
Circular unless the context requires otherwise. 
 
Company website:  www.bhglobal.com 
 
 
Enquiries: 
SA Gardner and DN Hyslop 
Joint Liquidators 
c/o Ernst & Young LLP 
PO Box 9 
Royal Chambers 
St. Julian's Avenue 
St. Peter Port 
Guernsey 
GY1 4AF 
 
Maria Acuna-Moreno [e-mail]. 
Tel: [phone] 
 
 
David Yovichic 
Investec Bank plc 
Tel: [phone] 
 
 
 
 
 
 
END 
 
 

(END) Dow Jones Newswires

July 19, 2021 06:59 ET (10:59 GMT)