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LONDON - BH Macro Limited announced Monday the completion of its September 2025 share conversion, resulting in the issuance of 963,034 new Sterling shares and the cancellation of 1,262,087 US Dollar shares.
The Guernsey-based closed-ended investment company determined conversion ratios of 0.763051 Sterling shares for each US Dollar share and 1.310529 US Dollar shares for each Sterling share, based on the final month-end net asset values published on October 21.
The company has applied to the Financial Conduct Authority for the new shares to be admitted to the Official List and to trading on the London Stock Exchange’s main market. Admission is expected around November 10, with shareholder CREST accounts for converting shareholders to be updated by 5:00 pm on the same date.
Following the conversion, BH Macro’s total shares in issue will include 23,976,744 US Dollar Ordinary Shares (excluding 136,013 Treasury Shares) and 322,120,831 Sterling Ordinary Shares (excluding 55,936,775 Treasury Shares).
The voting rights structure remains unchanged from the company’s March 2007 publication, with US Dollar shares carrying 0.7606 votes each and Sterling shares carrying 1.4710 votes each. The total number of voting rights in the company will be 492,076,454 effective November 3.
The share conversion is part of BH Macro’s regular process that allows shareholders to convert between share classes on predetermined dates, according to the company’s press release statement.
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