BH Global Limited Update - Possible Corporate Action

 
TIDMBHGG TIDMBHGU 
 
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION 
 
BH Global Limited (the "Company") 
 
(a closed-ended collective investment scheme established as a company with 
limited liability under the laws of Guernsey with registered number 48555) 
 
LEI: 549300BIIO4DTKEMXV14 
 
 
14 May 2021 
 
Update - Possible Corporate Action 
 
Further to its announcement of 29 April, the Board of BH Global Limited (the 
"Company") is hereby providing an update on its discussions with the Board of 
BH Macro Limited with regard to the possibility of a combination of the two 
companies effected by way of a scheme of reconstruction of the Company (the 
"Scheme Proposal"). 
 
It is anticipated that Heads of Terms setting out the framework of the Scheme 
Proposal will be signed in the coming days. The Company's largest shareholders 
have signalled their support in principle for the Scheme Proposal; and given 
that it is envisaged that investors will be provided with the opportunity to 
exit as much or as little of their shareholdings for cash as they wish at a 
level commensurate with that which they would achieve under the tender offer 
proposal approved by shareholders last month, they have also indicated that 
they are supportive of the Company proceeding with the Scheme Proposal instead 
of that tender offer. The Board remains cognisant of the timeframe within which 
the tender offer was expected to be undertaken, and will seek to structure the 
Scheme Proposal in such a way that exiting shareholders will receive cash as 
closely in line with that timeframe as is practicably achievable. 
 
The Board will make a further announcement in due course as and when there are 
material developments to report. 
 
Company website:  www.bhglobal.com 
 
 
Enquiries: 
 
Sir Michael Bunbury 
Chairman 
 
 
David Yovichic 
Investec Bank plc 
Tel: +44 (0)20 7597 5970 
 
 
 
 
END

(END) Dow Jones Newswires

May 14, 2021 09:36 ET (13:36 GMT)

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