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BH Global Limited – Completion of 31 August 2010 Share Conversion
Hamilton, Bermuda – 30 September, 2010 - BH Global Limited (the "Company") announces that following the publication on 24 September 2010 of the final month-end net asset values for 31 August 2010, the following share conversion ratios have been determined in accordance with the articles of association of the Company for the purposes of the 31 August 2010 share conversion date:
|
0.823182 |
Sterling shares for each Euro share |
|
0.644726 |
Sterling shares for each US Dollar share |
|
1.214798 |
Euro shares for each Sterling share |
|
0.783369 |
Euro shares for each US Dollar share |
|
1.551046 |
US Dollar shares for each Sterling share |
|
1.276537 |
US Dollar shares for each Euro share |
On the basis of aggregate applications received and using the conversion ratios listed above, the following shares will be issued:
160,808 new Sterling shares of no par value
487,953 Euro shares of no par value
and the following shares will be cancelled:
872,314 US Dollar shares of no par value; and
all with effect from 29 September 2010.
Application has been made to the Financial Services Authority (“FSA”) for the new shares to be admitted to the Official List of the UK Listing Authority and admitted to trading on the London Stock Exchange’s main market for listed securities.
Admission is expected to occur on 1 October 2010. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on 30 September 2010.
Following issue and cancellation of the relevant shares, the total number of shares in issue in each class will be as follows:
- 4,306,370 Euro Shares
- 349,712 Euro Treasury Shares
- 22,655,654 US Dollar Shares
- 2,385,662 US Dollar Treasury Shares
- 35,077,368 Sterling Shares; and
- 2,422,287 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 23 May 2008 and will not change as a result of the conversions. These are:
US Dollar Share 1
Euro Share 1.57465
Sterling Share 1.97950
From 29 September 2010, the total number of voting rights in the Company (rounded down to the whole number) is 98,872,329.
Enquiries:
Northern Trust International Fund Administration Services (Guernsey) Limited
Andrew Maiden +44 (0)1481 745368