National Storage Mechanism | Additional information
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 31 October 2025 Share Conversion
3 December 2025
Classified Regulated Information, under DTR 6 Annex 1 section 2.5
Following the publication on 24 November 2025 of the final month-end net asset values for 31 October 2025, the following share conversion ratios have been determined in accordance with the articles of incorporation of the Company for the purposes of the 31 October 2025 share conversion date:
|
|
| 0.780018 |
Sterling shares for each US Dollar share |
| 1.282022 |
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:
- 23,678 US Dollar Shares of no par value
and the following shares will be cancelled:
- 18,472 Sterling Shares of no par value
all with effect from 3 December 2025.
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 10 December 2025. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on or about 10 December 2025.
Following issue and cancellation of the relevant shares, the total number of shares in issue in each class will be as follows:
- 23,924,939 US Dollar Ordinary Shares (Excluding Treasury Shares)
- 215,496 US Dollar Treasury Shares
- 318,930,499 Sterling Ordinary Shares (Excluding Treasury Shares)
- 59,108,635 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 3 December 2025, the total number of voting rights in the Company (rounded up to the whole number) is 487,344,073
Website: www.bhmacro.com
Enquiries:
Northern Trust International Fund Administration Services (Guernsey) Limited
Tel: +44 (0)1481 745001