BH Macro Limited Result of Annual General Meeting

 
TIDMBHMG TIDMBHMU 
 
BH Macro Limited 
  (a closed-ended collective investment scheme established as a company with 
                              limited liability 
          under the laws of Guernsey with registration number 46235) 
                                (The "Company") 
 
                       LEI Number: 549300ZOFF0Z2CM87C29 
                                (The "Company") 
 
09 September 2022 
 
                       RESULT OF ANNUAL GENERAL MEETING 
 
At the Annual General Meeting of the Company held on 09 September 2022, all 
Resolutions set out in the Annual General Meeting Notice sent to Shareholders 
dated 10 August 2022 were duly passed. 
 
The Special Resolutions were as follows: 
 
Resolution 12 
 
That the Company be and is hereby generally and unconditionally authorised in 
accordance with the Companies (Guernsey) Law, 2008, as amended (the "Companies 
Law"), to make market acquisitions (as defined in the Companies Law) of each 
class of its shares (either for the retention as treasury shares for resale or 
transfer, or cancellation), PROVIDED THAT: 
 
(a) the maximum number of shares authorised to be purchased shall be 392,874 
shares designated as US Dollar shares and 4,415,780 shares designated as 
Sterling shares (respectively being 14.99 per cent. of the shares of each class 
in issue as at the latest practicable date prior to the date of publication of 
this document (excluding in each case shares held in treasury)); 
 
(b) the minimum price (exclusive of expenses) which may be paid for a share 
shall be one cent for shares designated as US Dollar shares and one pence for 
shares designated as Sterling shares; 
 
(c) the maximum price which may be paid for a share of the relevant class is an 
amount equal to the higher of: (a) 105 per cent. of the average of the middle 
market quotations for a share of the relevant class on the relevant market for 
the five business days immediately preceding the date on which the share is 
purchased; and (b) the higher of (i) the price of the last independent trade 
for a share of the relevant class and (ii) the highest current independent bid 
for a share of the relevant class at the time of purchase; and 
 
(d) the authority hereby conferred shall expire at the annual general meeting 
of the Company in 2023 unless such authority is varied, revoked or renewed 
prior to such date by a special resolution of the Company in a general meeting. 
 
Resolution 13 
 
That, in accordance with Article 6.4 of the Articles, the Directors be 
empowered to allot and issue (or sell from treasury) 262,091 shares designated 
as US Dollar shares and 2,945,817 shares designated as Sterling shares 
(respectively being 10 per cent. of the shares in issue of each class as at the 
latest practicable date prior to the date of this notice (excluding shares held 
in treasury)) for cash as if Article 6.1 of the Articles did not apply to the 
allotment and issue (or sale from treasury) for the period expiring on the date 
falling fifteen months after the date of passing of this Resolution 13 or the 
conclusion of the next annual general meeting of the Company, whichever is the 
earlier, save that the Company may before such expiry make offers or agreements 
which would or might require shares to be allotted and issued (or sold) after 
such expiry and the Directors may allot and issue (or sell) shares in pursuance 
of any such offer or agreement notwithstanding that the power conferred by this 
Resolution 13 has expired. 
 
 
Enquiries: 
Northern Trust International Fund Administration Services (Guernsey) Limited 
The Company Secretary 
Trafalgar Court 
Les Banques 
St Peter Port 
Guernsey 
GY1 3QL 
 
Tel:        01481 745001 
 
END 
 
 
 
 
END
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