This announcement
is a replacement for one released at 16.57 on 28 February 2018. The only item changed relates
to the admission date of “on or about 06 March 2018” and NOT
06 February 2018 as previously
stated.
BH Global Limited (the
"Company")
(a closed-ended investment scheme established as a company with
limited liability under the laws of Guernsey with registered number
48555)
LEI 549300BIIO4DTKEMXV14
Completion of
31 January 2018 Share Conversion
28 February 2018
(Classified
Regulated Information, under DTR 6 Annex 1 Section 2.5)
Following the publication on 19 February
2018 of the final month-end net asset values for
31 January 2018, the following share
conversion ratios have been determined in accordance with the
Articles of Incorporation of the Company for the purposes of the
31 January 2018 share conversion
date:
|
0.704049 |
Sterling shares for
each US Dollar share |
|
1.420356 |
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:
- 5,026 Sterling shares of no par value;
and the following shares will be cancelled:
- 7,140 US Dollar shares of no par
value;
all with effect from 28 February 2018.
Application has been 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 06 March 2018.
Shareholder CREST accounts for converting shareholders are
expected to be updated by 5.00pm on
06 March 2018.
Following issue and cancellation of the relevant shares, the
total number of shares in issue in each class will be as
follows:
-
2,957,806 US Dollar
Shares
-
267,443
US Dollar Treasury Shares
-
19,913,775 Sterling Shares
-
1,899,016 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 23 May 2008 and will not
change as a result of the conversions. These are:
US Dollar Share 1
Sterling Share
1.97950
From 28 February 2018, the total
number of voting rights in the Company (rounded down to the whole
number) is 42,377,123.
Enquiries:
Website:
www.bhglobal.com
Northern Trust International Fund Administration Services
(Guernsey) Limited
Company Secretary
Tel: +44 (0) 1481 745736