BH Macro completes June 2025 share conversion with 234,698 new shares

Published 01/08/2025, 12:38
BH Macro completes June 2025 share conversion with 234,698 new shares

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.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.