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BH Global Limited – Tender Offer And Share Buy-back Update
Hamilton, Bermuda – 16 March, 2010 - BH Global Limited (the "Company") reminds the market that the Board of the Company has powers to undertake an annual partial return of capital whereby shareholders are able to elect to offer some of their shares for acquisition by the Company.
The decision whether to make a partial return of capital in any year and, if so, its price and size, is considered annually by the Company’s directors. Whether a return of capital is made in any particular year and, if so, the amount of the return, may depend, among other things, on prevailing market conditions, the ability of the Company to liquidate its investments to fund the capital return, the success of prior capital returns and applicable legal, regulatory and tax considerations.
As the Company’s share price is trading at or close to net asset value, the Board does not believe that it is appropriate to undertake an annual redemption offer in respect of the 2009 financial year.
Nevertheless, the Board will continue to undertake share buybacks where it believes it is in the interests of continuing shareholders.
Enquiries:
William Simmonds 020 7588 2828
J.P. Morgan Cazenove