LONDON - BH Macro (BCBA:BMAm) Limited, a Guernsey-based closed-ended investment company, has completed its share conversion process that was set for October 31, 2024. The company, with LEI code 549300ZOFF0Z2CM87C29, announced on Monday that the conversion ratios, determined after the final net asset values for October were published, have led to the issuance of 303,597 Sterling Shares and the cancellation of 378,410 US Dollar Shares, effective from today.
This conversion process follows the company's articles of incorporation and the previously published net asset values. The conversion ratios used were 0.802307 Sterling shares for each US Dollar share and 1.246406 US Dollar shares for each Sterling share.
The new Sterling Shares will be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange (LON:LSEG)'s main market for listed securities, with admission expected around December 9, 2024. Converting shareholders' CREST accounts are anticipated to be updated by 5.00 pm on the same date.
Following the completion of this process, the total number of shares in issue will be 27,478,960 US Dollar Ordinary Shares and 343,930,388 Sterling Ordinary Shares, not including Treasury Shares. The total number of Sterling Treasury Shares will stand at 31,525,518.
The company has clarified that the number of votes each share is entitled to in any general meeting will remain unchanged, with US Dollar Shares having 0.7606 votes and Sterling Shares having 1.4710 votes each. From today, the total number of voting rights in the company is 526,822,098.
The information for this article is based on a press release statement from BH Macro Limited.
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