28 Apr 2017 18:37
BH Global Limited - Conversion of SecuritiesBH Global Limited - Conversion of Securities
PR Newswire
London, April 27
This announcement is a replacement for one released at 14.36 on 27 April 2017. The only item changed relates to the total number of USD shares in issue following the issue and cancellation of shares. The figure of 3,660,647 has been substituted for the figure of 4,154,401.
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 2017 Share Conversion26 April 2017
Following the publication on 21 April 2017 of the final month-end net asset values for 31 March 2017, the following share conversion ratios have been determined in accordance with the Articles of Incorporation of the Company for the purposes of the 31 March 2017 share conversion date:
| 0.796149 | Sterling shares for each US Dollar share |
| 1.256046 | 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:- 393,101 Sterling shares of no par value;and the following shares will be cancelled:- 493,754 US Dollar shares of no par value;all with effect from 26 April 2017.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 2 May 2017. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on 2 May 2017.Following issue and cancellation of the relevant shares, the total number of shares in issue in each class will be as follows:- 3,660,647 US Dollar Shares- 428,455 US Dollar Treasury Shares- 22,527,044 Sterling Shares- 2,361,653 Sterling Treasury SharesThe 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 1Sterling Share 1.97950From 26 April 2017, the total number of voting rights in the Company (rounded down to the whole number) is 48,252,930.Enquiries:Website: www.bhglobal.comNorthern Trust International Fund Administration Services (Guernsey) LimitedCompany SecretaryTel: +44 (0) 1481 745736