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BH Global Limited – Completion of 28 April 2011 Share Conversion
Hamilton, Bermuda – 31 May, 2011 - BH Global Limited (the "Company") announces that following the publication on 25 May 2011 of the final month-end net asset values for 28 April 2011, the following share conversion ratios have been determined in accordance with the articles of association of the Company for the purposes of the 28 April 2011 share conversion date:
|
0.885849 |
Sterling shares for each Euro share |
|
0.594554 |
Sterling shares for each US Dollar share |
|
1.128861 |
Euro shares for each Sterling share |
|
0.671105 |
Euro shares for each US Dollar share |
|
1.681932 |
US Dollar shares for each Sterling share |
|
1.490079 |
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:
- 224,631 new Sterling shares of no par value;
and the following shares will be cancelled:
- 63,697 Euro shares of no par value; and
- 282,916 US Dollar shares of no par value
all with effect from 26 May 2011.
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 2 June 2011. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on 27 May 2011.
Following issue and cancellation of the relevant shares, the total number of shares in issue in each class will be as follows:
- 277,443 Euro Shares
- 3,073,326 Euro Treasury Shares
- 1,701,294 US Dollar Shares
- 18,383,352 US Dollar Treasury Shares
- 38,378,102 Sterling Shares; and
- 2,489,787 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
US Dollar Share 1
Euro Share 1.57465
From 26 May 2011, the total number of voting rights in the Company (rounded down to the whole number) is 99,192,218.
Enquiries:
Northern Trust International Fund
Rose Toussaint +44 (0)1481 745381
Website: www.bhglobal.com