LONDON - BH Macro (BCBA:BMAm) Limited, the Guernsey-based closed-ended investment company, has completed its scheduled share conversion for the 30 November 2024 conversion date, with changes effective as of today. The conversion ratios, set according to the company’s articles of incorporation following the final November month-end net asset values, are 0.809354 Sterling shares for each US Dollar share, and 1.235553 US Dollar shares for each Sterling share.
As a result of the aggregate applications received, BH Macro will issue 47,902 Sterling Shares of no par value and cancel 59,187 US Dollar Shares of no par value. These shares are expected to be admitted to the Official List of the UK Listing Authority and to begin trading on the London Stock Exchange (LON:LSEG)’s main market around 10 January 2025. Shareholders’ CREST accounts will be updated accordingly by the end of the same day.
Following this issue and cancellation, the total number of shares in issue will be 27,419,773 US Dollar Ordinary Shares and 342,225,975 Sterling Ordinary Shares, excluding treasury shares. The Sterling Treasury Shares stand at 33,277,833, with no US Dollar Treasury Shares in issue.
The company has confirmed that the number of votes each share is entitled to at any general meeting, as published on 9 March 2007, remains unchanged. The votes are allocated as 0.7606 for each US Dollar Share and 1.4710 for each Sterling Share. Consequently, the total voting rights in the company are now 524,269,889.
This announcement is based on a press release statement from BH Macro Limited.
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