Last checked at 6 Aug 2021 16:47
BH Macro Limited - Completion of Tender OfferBH Macro Limited - Completion of Tender Offer
PR Newswire
London, August 6
THIS ANNOUNCEMENT IS NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH ITS DISTRIBUTION MAY BE UNLAWFUL
BH MACRO LIMITED(a closed-ended investment company incorporated in Guernsey with registration number 46235)LEI: 549300ZOFF0Z2CM87C29
6 August 2021
Completion of Tender Offer
The Company announces that the acquisition by the Company of 1,334,099 Sterling shares and 125,163 US Dollar shares pursuant to the tender offer launched by the Company on 2 June 2021 (the “Tender Offer”) has now been executed with all being repurchased by the Company and held in treasury.
Payment to shareholders of the Tender Offer consideration is expected to be despatched to tendering shareholders today, 6 August 2021.
Following the above transaction, the total number of shares in issue in each share class of the Company is as follows:
| Class of shares | Shares in issue | Shares in treasury |
| US dollar shares | 1,968,239 | 375,391 |
| Sterling shares | 13,750,456 | 2,346,302 |
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 9 March 2007 and will not change as a result of the transaction. These are:
US Dollar Share 0.7606
Sterling Share 1.4710
From today, the total number of voting rights in the Company (rounded down to the whole number) is 21,723,963.
Enquiries
Richard HorlickChairman
William SimmondsJ.P. Morgan Cazenove020 7742 4000
Edward Berry / Tom BlackwellFTI Consulting07703 330 199 / 07747 113 919
Important notices
J.P. Morgan Securities plc, which conducts its UK investment banking activities as J.P. Morgan Cazenove ("J.P. Morgan Cazenove"), which is authorised by the Prudential Regulation Authority and regulated by the Prudential Regulation Authority and the Financial Conduct Authority in the United Kingdom, is acting exclusively for the Company and no-one else in connection with the Tender Offer and will not be responsible to anyone other than the Company for providing the protections afforded to customers of J.P. Morgan Cazenove or for providing advice in relation to the Tender Offer or any other matter referred to herein.
This announcement does not constitute an offer or solicitation to acquire or sell any securities in the Company. Any acceptance or other response to the Tender Offer should be made on the basis of the information contained in the Circular. The Tender Offer will not be extended into any jurisdiction where to do so may be unlawful or which may otherwise subject the Company or any other person to any unduly onerous obligation.
This announcement is not for distribution in or into the United States, Canada, Australia or Japan or any other jurisdiction in which its distribution may be unlawful. This announcement is not an offer of securities for sale in the United States or elsewhere. The securities of the Company have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States unless registered under the Securities Act or pursuant to an exemption from such registration. The Company has not been and will not be registered under the US Investment Company Act of 1940, as amended, and investors are not entitled to the benefits of that Act. There has not been and there will be no public offering of the Company's securities in the United States.