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BH Macro Limited – Result Of Extraordinary General Meeting
Hamilton, Bermuda – 19 February, 2010 - BH Macro Limited (the “Company") announces that the special resolution to amend the Company’s Articles of Incorporation (“Articles”) proposed at the Company’s extraordinary general meeting held today was duly passed.
In addition, the special resolutions proposed at the class meetings of each of the members of the Company’s Sterling, Euro, and U.S. Dollar share classes to approve the amendments to the Articles were duly passed by the members of each of those classes.
Neither of the class closure special resolutions proposed at the class meetings of the members of the Company’s Euro or U.S. Dollar share classes approving the terms of a tender offer were passed. Of those shares voted, 99.70% of the Euro share class voted against class closure and 98.62% of the U.S. Dollar share class voted against class closure. Accordingly, tender offers will not be made in respect of these share classes.
In accordance with Listing Rule 9.6.2, two copies of the resolution passed at the extraordinary general meeting and at the class meetings of the members of the Euro and U.S. Dollar share classes will shortly be available for inspection at the UK Listing Authority’s Document Viewing Facility which is situated at 25 the North Colonnade, Canary Wharf, London E14 5HS.
BH Macro Chairman, Ian Plenderleith commented:
“The Board are pleased with the results of the general and class meetings. Shareholders have demonstrated that they continue to support the Company and the Manager's ability to generate consistent long-term capital appreciation. This support has seen the Company’s shares recently return to trading at a premium to net asset value and the Board believes that the impending restrictions on new investment in the open-ended feeders to the Brevan Howard Master Fund will further enhance the Company’s attractiveness to new investors.”
Enquiries:
Northern Trust Int'l Fund Administration Services (Guernsey) Limited
Andrew Maiden - Tel: +44 (0) 1481 745368
Email: ARM7@ntrs.com
Company website: www.bhmacro.com