BH Global Limited Result of Extraordinary General Meeting

 
TIDMBHGG TIDMBHGU 
 
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION 
 
BH Global Limited (the "Company") 
(a closed-ended collective investment scheme established as a company with 
limited liability under the laws of Guernsey with registered number 48555) 
 
LEI: 549300BIIO4DTKEMXV14 
 
26 March 2021 
 
Result of Extraordinary General Meeting 
 
Further to the announcement of 12 March, detailing the proposal to amend the 
Company's management fee arrangements in conjunction with an undertaking by the 
Board to facilitate an exit for those shareholders who do not wish to remain 
invested in the Company on the new fee basis (the "Proposal"), an Extraordinary 
General Meeting of the Company was held on 25 March at which shareholders 
approved the Proposal by way of an ordinary resolution. 
 
The votes received were as follows: 
 
Votes in favour - 17,481,960 (representing 65.56% of votes cast) 
 
Votes against - 9,032,050 (representing 33.87% of votes cast) 
 
Votes withheld - 150,952 (representing 0.57% of votes cast) 
 
The above figures aggregate the proxy votes received on the US Dollar shares 
and Sterling shares in accordance with the respective voting rights applicable 
to each US Dollar share and Sterling share on a poll, being one vote per US 
Dollar share and 1.97950 votes per Sterling share. 
 
The Board notes that while the resolution was passed with a substantial 
majority, a meaningful minority of shareholders was opposed to the Proposal. 
The Company's largest shareholders were consulted extensively in advance of the 
Proposal being put forward; and on the basis of that dialogue, the Board 
interprets such opposition as being founded largely on a principle of objecting 
to fee increases.  Nevertheless, the Board will be engaging with those 
investors to seek to address any specific points which they might now raise. 
 
The new management fee arrangements will apply from 1 July 2021. 
 
Company website:  www.bhglobal.com 
 
Enquiries: 
 
Sir Michael Bunbury 
Chairman 
 
David Yovichic 
Investec Bank plc 
Tel: +44 (0)20 7597 5970 
 
 
 
END

(END) Dow Jones Newswires

March 26, 2021 03:00 ET (07:00 GMT)

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