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GUERNSEY - BH Macro (BCBA:BMAm) Limited, a closed-ended investment company, has completed its scheduled share conversion for April 30, 2025, as of today. The conversion follows the company’s announcement of its month-end net asset values and involves the issuance and cancellation of shares based on predetermined conversion ratios.
According to the conversion ratios set forth in the company’s articles of incorporation, 0.771016 Sterling shares were exchanged for each US Dollar share, and conversely, 1.296990 US Dollar shares were exchanged for each Sterling share. As a result, BH Macro will issue 124,000 Sterling Shares and cancel 160,832 US Dollar Shares effective from today.
The new Sterling Shares will be applied for admission to the Official List of the UK Listing Authority and to trading on the London Stock Exchange (LON:LSEG)’s main market, with admission expected around June 9, 2025. Shareholder CREST accounts are anticipated to be updated by the evening of the same date.
Following the share conversion, the total shares in issue for each class will be 26,638,728 US Dollar Ordinary Shares and 334,374,624 Sterling Ordinary Shares, excluding any treasury shares. The Sterling Treasury Shares count stands at 41,755,047. The company has clarified that the number of votes per share established on March 9, 2007, will remain unchanged post-conversion, with US Dollar Shares entitled to 0.7606 votes and Sterling Shares entitled to 1.4710 votes each.
The total number of voting rights in the company is now approximately 512,126,489. This conversion is part of the company’s regular operations and reflects its ongoing financial activities. The information is based on a press release statement from BH Macro Limited.
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