BH GLOBAL LIMITED - Conversion of Securities
March 25 2015 - 12:08PM
PR Newswire (US)
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)
Completion of 28 February 2015 Share Conversion
25 March 2015
Following the publication on 23 March 2015 of the final month-end net asset
values for 28 February 2015, the following share conversion ratios have been
determined in accordance with the articles of incorporation of the Company for
the purposes of the 28 February 2015 share conversion date:
0.638216 Sterling shares for each US Dollar share
1.566868 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:
* 1,023,526 Sterling shares of no par value;
and the following shares will be cancelled:
* 1,603,731 US Dollar shares of no par value
all with effect from 25 March 2015.
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 31 March 2015. Shareholder CREST accounts for
converting shareholders are expected to be updated by 5.00pm on 31 March 2015.
Following issue and cancellation of the relevant shares, the total number of
shares in issue in each class will be as follows:
- 5,414,950 US Dollar Shares
- 580,806 US Dollar Treasury Shares
- 27,908,739 Sterling Shares
- 2,940,873 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 25 March 2015, the total number of voting rights in the Company (rounded
down to the whole number) is 60,660,299.
Enquiries:
Website: www.bhglobal.com
Northern Trust International Fund Administration Services (Guernsey) Limited
Andrew Maiden
Tel: +44 (0)1481 745368
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