BH Macro Ltd USDLSE: BHMU

BH Macro Ltd USD: Conversion of Securities

· Issued by BH Macro Ltd USD via PR Newswire

Summary by 6ix AI

BH Macro Limited, a Guernsey closed-ended investment company, completed its August 31, 2026 share conversion, issuing 360,693 US Dollar shares and cancelling 272,529 Sterling shares with effect from October 2, 2026.

Key details

  • Conversion ratios, set using final month-end net asset values (the value of assets minus liabilities) for August 31, 2026 published on September 22, 2026: 0.756176 Sterling shares for each US Dollar share and 1.322443 US Dollar shares for each Sterling share.
  • Shares in issue after the conversion: 23,693,737 US Dollar Ordinary Shares and 299,210,215 Sterling Ordinary Shares, excluding treasury shares (shares the company holds itself), plus 1,220,686 US Dollar Treasury Shares and 78,237,794 Sterling Treasury Shares.
  • Votes per share on a poll at general meetings are unchanged by the conversions: 0.7606 per US Dollar Share and 1.4710 per Sterling Share.
  • From October 2, 2026, the total number of voting rights in the company, rounded up to the whole number, is 458,159,683.

What’s still pending

  • Application will be made for the new shares to trade on the London Stock Exchange's main market, with admission expected on or about October 9, 2026.
  • CREST (electronic share settlement) accounts of converting shareholders are expected to be updated by 5.00pm on or about October 9, 2026.

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

On 6ix: 6ix.com/news/conversion-of-securities-16

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

Completion of 31 August 2026 Share Conversion

2 October 2026

 

Classified Regulated Information, under DTR 6.1.12

 

Following the publication on 22 September 2026 of the final month-end net asset values for 31 August 2026, the following share conversion ratios have been determined in accordance with the articles of incorporation of the Company for the purposes of the 31 August 2026 share conversion date:

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 will be issued:

-          360,693 US Dollar Shares of no par value

and the following shares will be cancelled:

-          272,529 Sterling Shares of no par value

all with effect from 2 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 expected to occur on or about 9 October 2026. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on or about 9 October 2026.

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

- 23,693,737 US Dollar Ordinary Shares (Excluding Treasury Shares)

- 1,220,686 US Dollar Treasury Shares

- 299,210,215 Sterling Ordinary Shares (Excluding Treasury Shares)

- 78,237,794 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 2 October 2026, the total number of voting rights in the Company (rounded up to the whole number) is 458,159,683.

Website: www.bhmacro.com

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Tel:  +44 (0)1481 745001


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