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BH Macro completes May 2025 share conversion

Published 04/07/2025, 12:12
BH Macro completes May 2025 share conversion
BHMG
0.38%
BHMGu
0.75%

GUERNSEY - BH Macro (BCBA:BMAm) Limited (LSE:BHMG) announced Friday the completion of its May 2025 share conversion process, following the publication of final month-end net asset values on June 19.

The company determined conversion ratios of 0.763582 Sterling shares for each US Dollar share and 1.309617 US Dollar shares for each Sterling share.

Based on applications received, BH Macro will issue 327,585 new Sterling shares and cancel 429,016 US Dollar shares, effective July 4, 2025.

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 (LON:LSEG) for trading. Admission is expected around July 11, with shareholder CREST accounts to be updated by 5:00 pm on the same day.

Following these changes, BH Macro’s capital structure will consist of 26,209,712 US Dollar Ordinary Shares and 332,115,748 Sterling Ordinary Shares, excluding treasury shares. The company holds no US Dollar Treasury Shares and 44,341,508 Sterling Treasury Shares.

The voting rights per share remain unchanged at 0.7606 for each US Dollar share and 1.4710 for each Sterling share, resulting in a total of 508,477,372 voting rights in the company.

BH Macro Limited is a closed-ended collective investment scheme established under Guernsey law. This information was disclosed in a press release statement from the company.

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

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