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GUERNSEY - BH Macro Limited (LSE:BHMG) has completed its July 2025 share conversion, resulting in the issuance of 279,210 new Sterling shares and the cancellation of 358,917 US Dollar shares, the company announced Wednesday.
The conversion ratios were determined based on the final month-end net asset values for July 31, 2025, which were published on August 20. Shareholders received 0.777937 Sterling shares for each US Dollar share and 1.285451 US Dollar shares for each Sterling share.
Following the conversion, BH Macro’s total shares in issue will consist of 25,537,101 US Dollar Ordinary Shares and 326,940,272 Sterling Ordinary Shares, excluding treasury shares. The company holds no US Dollar Treasury Shares and 50,030,892 Sterling Treasury Shares.
The company has applied to the Financial Conduct Authority for the new shares to be admitted to the Official List and to the London Stock Exchange for trading on its main market. Admission is expected around September 10, with shareholder CREST accounts to be updated by 5:00 pm on the same date.
The voting rights for each share class remain unchanged, with US Dollar shares carrying 0.7606 votes and Sterling shares carrying 1.4710 votes per share. The total number of voting rights in the company following the conversion will be 500,352,659.
BH Macro Limited is a closed-ended collective investment scheme established as a company with limited liability under Guernsey law. The information in this article is based on a company press release statement.
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