BH Macro Limited

Share Issue/Capital Change • Jan 12, 2022

National Storage Mechanism | Additional information

BH Macro Limited - Share Conversion (November 2021)

PR Newswire

London, January 12

BH Macro Limited

(the "Company")

(a closed-ended collective investment scheme established as a company with limited liability

under the laws of Guernsey with registered number 46235)

LEI: 549300ZOFF0Z2CM87C29

Completion of 30 November 2021 Share Conversion

12 January 2022

Classified Regulated Information, under DTR 6 Annex 1 section 2.5

Following the publication on 31 December 2021 of the final month-end net asset values for 30 November 2021, the following share conversion ratios have been determined in accordance with the articles of incorporation of the Company for the purposes of the 30 November 2021 share conversion date:

0.782044	Sterling shares for each US Dollar share
1.278700	US Dollar shares for each Sterling share

On the basis of aggregate applications received and using the conversion ratios listed above, the following shares will be issued:

• 4,691 US Dollar Shares of no par value

and the following shares will be cancelled:

• 3,670 Sterling Shares of no par value

all with effect from 12 January 2022.

Application will be made to the Financial Conduct Authority (“FCA”) for the new shares to be admitted to the Official List of the UK Listing Authority and admitted to trading on the London Stock Exchange’s main market for listed securities.

Admission is expected to occur on or about 17 January 2022. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on or about 17 January 2022.

Following issue and cancellation of the relevant shares, the total number of shares in issue in each class will be as follows:

-             2,694,238             US Dollar Shares

-             0                          US Dollar Treasury Shares

-             25,861,011           Sterling Shares

-             0                          Sterling Treasury Shares

The number of votes each share in the Company is entitled to on a poll at any general meeting of the Company was published by the Company on 9 March 2007 and will not change as a result of the conversions. These are:

US Dollar Share  0.7606  

Sterling Share      1.4710

From 12 January 2022, the total number of voting rights in the Company (rounded down to the whole number) is 40,090,784.

Website:    www.bhmacro.com

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Tel:  +44 (0)1481 745001