26 Sep 2013 11:35
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)
26 September 2013
Completion of 31 August 2013 Share Conversion
Following the publication on 23 September 2013 of the final month-end net asset values for 31 August 2013 the following share conversion ratios have been determined in accordance with the articles of association of the Company for the purposes of the 31 August 2013 share conversion date:
0.636015 | Sterling shares for each US Dollar share |
0.752031 | Euro shares for each US Dollar share |
1.572290 | US Dollar shares for each Sterling share |
1.182567 | Euro shares for each Sterling share |
1.329733 | US Dollar shares for each Euro share |
0.845618 | Sterling shares for each Euro share |
On the basis of aggregate applications received and using the conversion ratios listed above, the following shares will be issued:
- 2,586 new US Dollar shares of no par value;
and the following shares will be cancelled:
- 1,645 Sterling shares of no par value
all with effect from 26 September 2013.
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 30 September 2013. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on 30 September 2013.
Following issue and cancellation of the relevant shares, the total number of shares in issue in each class will be as follows:
- 1,857,704 Euro Shares
- 197,180 Euro Treasury Shares
- 12,300,994 US Dollar Shares
- 1,309,106 US Dollar Treasury Shares
- 37,153,722 Sterling Shares; and
- 3,755,178 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
Euro Share 1.57465
Sterling Share 1.97950
From 26 September 2013, the total number of voting rights in the Company (rounded down to the whole number) is 88,772,020.
Enquiries:
Northern Trust International Fund Administration Services (Guernsey) Limited
Rose Toussaint +44 (0)1481 745381
Website: www.bhglobal.com