BH Macro Ltd GBPLSE: BHMG

BH Macro Ltd GBP: Amendment: Share Conversion, Share Buybacks &...

· Issued by BH Macro Ltd GBP via PR Newswire

Summary by 6ix AI

BH Macro Limited, a Guernsey closed-ended investment company, corrected the figures in its October 2, 2026 share conversion notice after an administrative error in the aggregate applications received. Based on the corrected applications to convert between share classes, 370,007 US Dollar shares should have been issued and 279,793 Sterling shares cancelled, with effect from October 9, 2026.

Key details

  • The conversion rates are unchanged: 0.756176 Sterling shares for each US Dollar share and 1.322443 US Dollar shares for each Sterling share.
  • The company bought back its own shares on the London Stock Exchange from J.P. Morgan Securities plc: 45,853 Sterling shares on October 5, 2026 at a weighted average price of 4.1157 (Sterling), and 12,034 Sterling shares on October 6, 2026 at 4.1250 (Sterling).
  • It also bought 290 US Dollar shares on October 7, 2026 at a weighted average price of 4.2800 (US Dollars) and 5,995 Sterling shares on October 8, 2026 at 4.1900 (Sterling). It intends to hold the purchased shares in treasury, meaning the company keeps them rather than cancelling them.
  • After the conversions and share purchases, shares in issue will be 23,690,060 US Dollar ordinary shares and 299,139,069 Sterling ordinary shares, excluding treasury shares, plus 1,233,677 US Dollar and 78,301,676 Sterling treasury shares.
  • From October 9, 2026, total voting rights are 458,052,230 (rounded up to the whole number). Votes per share are unchanged at 0.7606 for each US Dollar share and 1.4710 for each Sterling share.

What’s still pending

  • Application will be made for the new shares to be admitted to trading on the London Stock Exchange's main market; admission is expected on or about October 12, 2026.
  • Converting shareholders' CREST accounts (the UK electronic share settlement system) are expected to be updated by 5.00pm on or about October 12, 2026.

6ix AI wrote this summary from the release below and checked it against the release.

BH Macro Limited

(the "Company")

(a closed-ended collective investment scheme established as a company with limited liability
under the laws of Guernsey with registered number 46235)

LEI: 549300ZOFF0Z2CM87C29

Amendment: Share Conversion, Share Buybacks & TVR

9 October 2026

Amendment to Conversion of Securities Figures

Classified Regulated Information, under DTR 6.1.12

 

Further to the Conversion of Securities announcement released on 2 October 2026, an administrative error was identified in the aggregate application received. The conversion rates remain unchanged and are captured below for reference:

0.756176

Sterling shares for each US Dollar share

1.322443

US Dollar shares for each Sterling share

On the basis of aggregate applications received and using the conversion ratios listed above, the following shares should have been issued:

-          370,007 US Dollar Shares of no par value

and the following shares should have been cancelled:

-          279,793 Sterling Shares of no par value

all with effect from 9 October 2026.

Application will be made for the new shares to be admitted to trading on the London Stock Exchange’s main market for listed securities.

Admission is now expected to occur on or about 12 October 2026. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on or about 12 October 2026.

Transactions in Own Shares

The Company announces it has purchased the following number of its ordinary shares on the London Stock Exchange from J.P. Morgan Securities plc:

Ordinary Shares: - Share Class

Sterling

Date of purchase:

5 October 2026

Number of ordinary shares purchased:

45,853

Weighted average price (Sterling/US Dollars as applicable):

4.1157

Ordinary Shares: - Share Class

Sterling

Date of purchase:

6 October 2026

Number of ordinary shares purchased:

12,034

Weighted average price (Sterling/US Dollars as applicable):

4.1250

Ordinary Shares: - Share Class

US Dollar

Date of purchase:

7 October 2026

Number of ordinary shares purchased:

290

Weighted average price (Sterling/US Dollars as applicable):

4.2800

Ordinary Shares: - Share Class

Sterling

Date of purchase:

8 October 2026

Number of ordinary shares purchased:

5,995

Weighted average price (Sterling/US Dollars as applicable):

4.1900

The Company intends to hold the purchased shares in treasury.

Total Number of Shares in Issue

Following issue and cancellation of the relevant shares and the above share transactions of the relevant US Dollar and/or Sterling Shares, the total number of shares in issue in each class will be as follows:

- 23,690,060 US Dollar Ordinary Shares (Excluding Treasury Shares)

- 1,233,677 US Dollar Treasury Shares

- 299,139,069 Sterling Ordinary Shares (Excluding Treasury Shares)

- 78,301,676 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 9 March 2007 and will not change as a result of the conversions. These are:

US Dollar Share 0.7606 

Sterling Share 1.4710

From 9 October 2026, the total number of voting rights in the Company (rounded up to the whole number) is 458,052,230.

Website: www.bhmacro.com

Enquiries: Northern Trust International Fund Administration Services (Guernsey) Limited

Tel:  +44 (0)1481 745001




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