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
30 September 2020 Share
Conversion
30 October 2020
(Classified Regulated Information, under DTR 6 Annex 1 Section
2.5)
Following the publication on 23 October
2020 of the final month-end net asset values for
30 September 2020, the following
share conversion ratios have been determined in accordance with the
Articles of Incorporation of the Company for the purposes of the
30 September 2020 share conversion
date:
|
0.795428 |
Sterling shares for
each US Dollar share |
|
1.257184 |
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:
- 100,574 US Dollar Class Shares of
no par value;
and the following shares will be cancelled:
- 80,000 Sterling Class Shares of no par value;
all with effect from 30 October 2020.
Application will be 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 10 November 2020. Shareholder
CREST accounts for converting shareholders are expected to be
updated by 5.00pm on or about
10 November 2020.
Following issue and cancellation of the relevant shares, the
total number of shares in issue in each class will be as
follows:
-
2,629,113 US Dollar
Shares
-
267,443
US Dollar Treasury Shares
-
19,898,534 Sterling Shares
-
1,667,180
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
Sterling Share
1.97950
From 30 October 2020, the total
number of voting rights in the Company (rounded down to the whole
number) is 42,018,261.
Enquiries:
Northern Trust International Fund Administration Services
(Guernsey) Limited
Company Secretary
Tel: +44 (0) 1481 745736
Website:
www.bhglobal.com