Full details on the BH Macro Ltd USD corporate action, including instructions on how to participate, the options available to you, and any deadline applicable.
BH Macro Ltd USD

BH Macro Ltd USD – Tender Offer

Corporate action reference: 201700180

This corporate event is a Tender Offer.

Please note we must be in receipt of your instruction by 16 February 2017.

If you would like further information about the terminology used in this notification, please visit our Ask a Question site.

EVENT TERMS

The Company is proposing a tender offer, subject to shareholder approval at an EGM and class meetings to be held on 24 February 2017, for up to 100% of each share class at a price equivalent to 96% of NAV as at 31 March 2017

The final tender price for each share class is expected to be announced in the first week of May 2017.

If tenders are received in excess of 66.667% but no more than 75% the tender will not proceed, instead proposals will be put forward for the liquidation of the Company. 

Please note you will be credited in sterling using the prevailing Exchange Rate at the time.

As you hold your shares with a nominee you may have your election scaled back by a greater or lesser percentage than you would if you held your shares in your own name.

EVENT OPTIONS

Option 1: Cash

Option 2: No Action (Default)

IF YOU WISH TO TAKE NO ACTION, OPTION 2, PLEASE DO NOT REPLY.

ADDITIONAL INFORMATION

We will aim to update your account within five business days of receiving the proceeds.

Overseas residents should consult their professional advisers as to whether they require any governmental or other consents or need to observe any other formalities to enable them to participate in the offer.

By accepting the offer, you will be representing to us that local laws and regulatory requirements have been complied with, including the obtaining of any governmental, exchange control and other consents that may be required and the payment of any issue, transfer or other taxes or duties due in that jurisdiction.

Please note that this page does not constitute investment or tax advice. If you are unsure of what option to take, or if you are in any doubt as to your tax position, please contact your financial advisor.

If you are an ISA or SIPP client your options may differ.

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