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LONDON - BH Macro (BCBA:BMAm) Limited announced Friday the completion of its June 2025 share conversion, resulting in the issuance of 234,698 new Sterling Shares and the cancellation of 313,694 US Dollar Shares.
The Guernsey-based closed-ended investment company determined the conversion ratios following the publication of its final month-end net asset values for June 30. The conversion rates were set at 0.748186 Sterling shares for each US Dollar share and 1.336567 US Dollar shares for each Sterling share.
The company stated it would apply to the Financial Conduct Authority for the new shares to be admitted to the Official List and to the London Stock Exchange (LON:LSEG) for trading on its main market. Admission is expected around August 8, with shareholder CREST accounts for converting shareholders to be updated by 5:00 pm on or about the same date.
Following the conversion, BH Macro’s total shares in issue will consist of 25,896,018 US Dollar Ordinary Shares and 329,575,142 Sterling Ordinary Shares, excluding treasury shares. The company holds no US Dollar Treasury Shares and 47,116,812 Sterling Treasury Shares.
The voting rights per share remain unchanged from those published by the company in March 2007, with US Dollar Shares carrying 0.7606 votes and Sterling Shares carrying 1.4710 votes each. The total number of voting rights in the company from August 1 will be 504,501,545.
The information was disclosed in a press release statement classified as Regulated Information under DTR 6 Annex 1 section 2.5.
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