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Conversion of Securities

28 Mar 2018 17:51

BH Global Limited - Conversion of Securities

PR Newswire

London, March 28

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)LEI 549300BIIO4DTKEMXV14

Completion of 28 February 2018 Share Conversion28 March 2018

(Classified Regulated Information, under DTR 6 Annex 1 Section 2.5)

Following the publication on 19 March 2018 of the final month-end net asset values for 28 February 2018, 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 2018 share conversion date:

0.725168	Sterling shares for each US Dollar share
1.378991	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:

33,215 Sterling shares of no par value;

and the following shares will be cancelled:

45,804 US Dollar shares of no par value;

all with effect from 28 March 2018.

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 05 April 2018. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on 05 April 2018.

Following issue and cancellation of the relevant shares, the total number of shares in issue in each class will be as follows:

- 2,912,002 US Dollar Shares- 267,443 US Dollar Treasury Shares- 19,941,502 Sterling Shares- 1,904,504 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 1Sterling Share 1.97950

From 28 March 2018, the total number of voting rights in the Company (rounded down to the whole number) is 42,386,205.

Enquiries:

Website: www.bhglobal.com

Northern Trust International Fund Administration Services (Guernsey) LimitedCompany SecretaryTel: +44 (0) 1481 745736