24 Apr 2015 14:28
BH GLOBAL LIMITED - Conversion of SecuritiesBH GLOBAL LIMITED - Conversion of Securities
PR Newswire
London, April 24
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 31 March 2015 Share Conversion 24 April 2015 Following the publication on 23 April 2015 of the final month-end net assetvalues for 31 March 2015, the following share conversion ratios have beendetermined in accordance with the articles of incorporation of the Company forthe purposes of the 31 March 2015 share conversion date: 0.663976 Sterling shares for each US Dollar share 1.506079 US Dollar shares for each Sterling share On the basis of aggregate applications received and using the conversion ratioslisted above, the following shares will be issued: * 24,865 Sterling shares of no par value; and the following shares will be cancelled: * 37,450 US Dollar shares of no par value all with effect from 24 April 2015 Application has been made to the Financial Conduct Authority ("FCA") for thenew shares to be admitted to the Official List of the UK Listing Authority andadmitted to trading on the London Stock Exchange's main market for listedsecurities. Admission is expected to occur on 30 April 2015. Shareholder CREST accounts forconverting shareholders are expected to be updated by 5.00pm on 30 April 2015. Following issue and cancellation of the relevant shares, the total number ofshares in issue in each class will be as follows: - 5,375,250US Dollar Shares - 583,056 US Dollar Treasury Shares - 27,932,052 Sterling Shares - 2,942,425 Sterling Treasury Shares The number of votes each share in the Company is entitled to on a poll at anygeneral meeting of the Company was published by the Company on 23 May 2008 andwill not change as a result of the conversions. These are: US Dollar Share 1 Sterling Share 1.97950 From 24 April 2015, the total number of voting rights in the Company (roundeddown to the whole number) is 60,666,747. Enquiries: Website: www.bhglobal.com Northern Trust International Fund Administration Services (Guernsey) LimitedAndrew MaidenTel: +44 (0)1481 745368