EU and US could reach trade deal this weekend - Reuters
LONDON - BH Macro (BCBA:BMAm) Limited, a Guernsey-based closed-ended investment company, announced the completion of its share conversion process as of today. The conversion, which follows the company’s previously published net asset values for March 31, 2025, results in the issuance of new shares and the cancellation of others in accordance with the established conversion ratios.
The conversion ratios set for March 31, 2025, are 0.796824 Sterling shares for each US Dollar share and 1.254982 US Dollar shares for each Sterling share. Based on these ratios and the aggregate applications received, BH Macro will issue 264,960 Sterling Shares and cancel 332,526 US Dollar Shares, all with effect from today.
The company has made an application to the Financial Conduct Authority (FCA) for the new Sterling Shares to be admitted to the Official List and to start trading on the London Stock Exchange (LON:LSEG)’s main market. The admission and the update of shareholder CREST accounts for converting shareholders are expected by 5.00pm on or about May 9, 2025.
Following the issue and cancellation of shares, the revised total number of shares in issue will be 26,799,560 US Dollar Ordinary Shares and 335,813,675 Sterling Ordinary Shares, excluding Treasury Shares. The Sterling Treasury Shares count stands at 40,191,996. The number of votes each share is entitled to at any general meeting of BH Macro, as published on March 9, 2007, remains unchanged by the conversions.
From today, the total number of voting rights in the company is 514,365,661. This announcement is based on a press release statement from BH Macro Limited.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.