BH Macro Ltd (GBP)
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BH Macro Limited (the "Company")
(a closed-ended collective investment scheme established as a company with limited liability under the laws of Guernsey with registered number 46235)
Transaction in Own Shares
14 January 2025
BH Macro Limited (the Company) announces today it has purchased the following number of its ordinary shares on the London Stock Exchange from J.P. Morgan Securities plc:
Ordinary Shares: - Share Class Sterling Date of purchase: 14 January 2025 Number of ordinary shares purchased: 3,460 Lowest price per share (pence) 411.50 Highest price per share (pence) 411.50 Trading venue London Aggregate volume per date per trading venue: 3,460 Weighted average price per day per trading venue (pence): 411.5000The Company intends to hold the purchased shares in treasury.
Following the above share transactions of the relevant US Dollar and Sterling Shares, the total number of shares in issue in each share class of the Company will be as follows:
Ordinary Shares in issue (excluding Treasury) Ordinary Shares held in Treasury 341,917,738 Sterling Shares 33,586,070 Sterling Shares 27,419,773 Dollar Shares Nil Dollar SharesFrom 14 January 2025, the total number of voting rights in the Company (rounded up to the whole number) is 523,816,472.
Enquiries:
Company website: www.bhmacro.com
William Simmonds
JPMorgan Cazenove
Tel: 020 7588 2828
The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Tel: 01481 745001
BH MACRO LIMITED (the “Company”)(a closed-ended investment company incorporated in Guernsey with registration number 46235)LEI: 549300ZOFF0Z2CM87C29
Announcement of Weekly Estimated Net Asset Values
As at the close of business on 10th January 2025 the estimated Net Asset Values of each class of the Company’s shares are as follows:
Fund Name Sedol NAV Per Share MTD Performance YTD Performance NAV Date BH Macro Ltd B1NPGV1 $4.47 -0.26% -0.26% 10th January 2025 BH Macro Ltd B1NP514 434p -0.23% -0.23% 10th January 2025The Net Asset Value figures in this announcement are an estimate, and are based on unaudited estimated valuations. The final month-end Net Asset Value may be materially different from these estimated weekly values, and should only be taken as indicative values which have been provided for information only and no reliance should be placed on them. Estimated results, performance or achievements may differ materially from any actual results, performance or achievements. Except as required by applicable law, the Company expressly disclaims any obligations to update or revise such estimates to reflect any change in expectations, new information, subsequent events or otherwise.
This document is for information purposes only and is not an offer to invest. All investments are subject to risk. Past performance is no guarantee of future returns. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decisions.
The MTD performance figures are calculated by reference to the previous estimated month end NAV or, if published, the previous month end confirmed NAV. The YTD performance figures are calculated by reference to the NAV at the end of the last calendar year. MTD and YTD performance figures are based on the NAV per share calculated to four decimal places.
Enquiries:
bhfa@ntrs.com
Date: 14th January 2025
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GG00BQBFY362
Issuer Name
BH MACRO LIMITED
UK or Non-UK Issuer
Non-UK
2. Reason for Notification
An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
Name
RBC Europe Limited
City of registered office (if applicable)
London
Country of registered office (if applicable)
United Kingdom
4. Details of the shareholder
Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above
City of registered office (if applicable)
Country of registered office (if applicable)
5. Date on which the threshold was crossed or reached
13-Jan-2025
6. Date on which Issuer notified
14-Jan-2025
7. Total positions of person(s) subject to the notification obligation
.
% of voting rights attached to shares (total of 8.A)
% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)
Total of both in % (8.A + 8.B)
Total number of voting rights held in issuer
Resulting situation on the date on which threshold was crossed or reached
4.997811
0.000000
4.997811
26179614
Position of previous notification (if applicable)
5.003388
0.000000
5.003388
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
8A. Voting rights attached to shares
Class/Type of shares ISIN code(if possible)
Number of direct voting rights (DTR5.1)
Number of indirect voting rights (DTR5.2.1)
% of direct voting rights (DTR5.1)
% of indirect voting rights (DTR5.2.1)
GG00BQBFY362
26169992
4.995974
GG00BQBFY479
9622
0.001837
Sub Total 8.A
26179614
4.997811%
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
Type of financial instrument
Expiration date
Exercise/conversion period
Number of voting rights that may be acquired if the instrument is exercised/converted
% of voting rights
Sub Total 8.B1
8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
Type of financial instrument
Expiration date
Exercise/conversion period
Physical or cash settlement
Number of voting rights
% of voting rights
Sub Total 8.B2
9. Information in relation to the person subject to the notification obligation
2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)
Ultimate controlling person
Name of controlled undertaking
% of voting rights if it equals or is higher than the notifiable threshold
% of voting rights through financial instruments if it equals or is higher than the notifiable threshold
Total of both if it equals or is higher than the notifiable threshold
RBC Europe Limited
RBC Europe Limited Nominees
3.456490
3.456490%
RBC Europe Limited
Clearstream Nominees Limited
1.450676
1.450676%
RBC Europe Limited
R&H Fund Services
0.081328
0.081328%
RBC Europe Limited
R & H Diversified Portfolios Fund
0.007273
0.007273%
RBC Europe Limited
Corporation of Lloyds
0.002044
0.002044%
10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional Information
Figures based on total voting rights of 523,821,562 as per last publicised notice.The indirect voting rights under (9) relate to shares held in client portfolios, managed by those firms, under discretionary investment management agreements. Percentages are based on shares to voting rights ratios as per company notice dated 13th January 2025.
12. Date of Completion
14th January 2025
13. Place Of Completion
Newcastle upon Tyne
BH Macro Limited (the "Company")
(a closed-ended collective investment scheme established as a company with limited liability under the laws of Guernsey with registered number 46235)
Transaction in Own Shares
13 January 2025
BH Macro Limited (the Company) announces today it has purchased the following number of its ordinary shares on the London Stock Exchange from J.P. Morgan Securities plc:
Ordinary Shares: - Share Class Sterling Date of purchase: 13 January 2025 Number of ordinary shares purchased: 27,435 Lowest price per share (pence) 406.00 Highest price per share (pence) 408.00 Trading venue London Aggregate volume per date per trading venue: 27,435 Weighted average price per day per trading venue (pence): 407.3860The Company intends to hold the purchased shares in treasury.
Following the above share transactions of the relevant US Dollar and Sterling Shares, the total number of shares in issue in each share class of the Company will be as follows:
Ordinary Shares in issue (excluding Treasury) Ordinary Shares held in Treasury 341,921,198 Sterling Shares 33,582,610 Sterling Shares 27,419,773 Dollar Shares Nil Dollar SharesFrom 13 January 2025, the total number of voting rights in the Company (rounded up to the whole number) is 523,821,562.
Enquiries:
Company website: www.bhmacro.com
William Simmonds
JPMorgan Cazenove
Tel: 020 7588 2828
The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Tel: 01481 745001
BH Macro Limited (the "Company")
(a closed-ended collective investment scheme established as a company with limited liability under the laws of Guernsey with registered number 46235)
Transaction in Own Shares
08 January 2025
BH Macro Limited (the Company) announces today it has purchased the following number of its ordinary shares on the London Stock Exchange from J.P. Morgan Securities plc:
Ordinary Shares: - Share Class
Sterling
Date of purchase:
08 January 2025
Number of ordinary shares purchased:
147,000
Lowest price per share (pence)
400.50
Highest price per share (pence)
404.00
Trading venue
London
Aggregate volume per date per trading venue:
147,000
Weighted average price per day per trading venue (pence):
402.7185
The Company intends to hold the purchased shares in treasury.
Following the above share transactions of the relevant US Dollar and Sterling Shares, the total number of shares in issue in each share class of the Company will be as follows:
Ordinary Shares in issue (excluding Treasury)
Ordinary Shares held in Treasury
342,078,975 Sterling Shares
33,424,833 Sterling Shares
27,419,773 Dollar Shares
Nil Dollar Shares
From 08 January 2025, the total number of voting rights in the Company (rounded up to the whole number) is 524,053,652.
Enquiries:
Company website: www.bhmacro.com
William Simmonds
JPMorgan Cazenove
Tel: 020 7588 2828
The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Tel: 01481 745001
BH MACRO LIMITED (the “Company”)
(a closed-ended investment company incorporated in Guernsey with registration number 46235)
LEI: 549300ZOFF0Z2CM87C29
Announcement of Weekly Estimated Net Asset Values
As at the close of business on 3rd January 2025 the estimated Net Asset Values of each class of the Company’s shares are as follows:
Fund Name Sedol NAV Per Share MTD Performance YTD Performance NAV Date BH Macro Ltd B1NPGV1 $4.57 1.79% 1.79% 3rd January 2025 BH Macro Ltd B1NP514 443p 1.80% 1.80% 3rd January 2025The Net Asset Value figures in this announcement are an estimate, and are based on unaudited estimated valuations. The final month-end Net Asset Value may be materially different from these estimated weekly values, and should only be taken as indicative values which have been provided for information only and no reliance should be placed on them. Estimated results, performance or achievements may differ materially from any actual results, performance or achievements. Except as required by applicable law, the Company expressly disclaims any obligations to update or revise such estimates to reflect any change in expectations, new information, subsequent events or otherwise.
This document is for information purposes only and is not an offer to invest. All investments are subject to risk. Past performance is no guarantee of future returns. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decisions.
The MTD performance figures are calculated by reference to the previous estimated month end NAV or, if published, the previous month end confirmed NAV. The YTD performance figures are calculated by reference to the NAV at the end of the last calendar year. MTD and YTD performance figures are based on the NAV per share calculated to four decimal places.
Enquiries:bhfa@ntrs.com
Date: 8th January 2025
BH Macro Limited (the "Company")
(a closed-ended collective investment scheme established as a company with limited liability under the laws of Guernsey with registered number 46235)
LEI: 549300ZOFF0Z2CM87C29
Update on Class Closure Resolutions
7 January 2025
The Company confirms that, should the final month-end Net Asset Values for 31 December 2024 for each class of the Company’s shares, which are expected to be announced on 27 January 2025, be the same as the estimated Net Asset Values for such shares as at 31 December 2024 announced yesterday, Class Closure Resolutions ("CCRs") would be triggered in respect of both the Company's Sterling and US dollar share classes following the announcement of the final month-end net asset values for 31 December 2024.
Should CCRs be triggered in respect of either or both classes of the Company’s shares, a further announcement will be made in due course.
Company website: www.bhmacro.com
Enquiries:
The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Tel: +44 (0) 1481 745001
Manager
Brevan Howard Capital Management LP
Email: bhmacro.ir@brevanhoward.com
Corporate Broker
J.P. Morgan Cazenove
William Simmonds / Rupert Budge
Tel: +44 (0)20 3493 8000
BH MACRO LIMITED (the “Company”)
(a closed-ended investment company incorporated in Guernsey with registration number 46235)
LEI: 549300ZOFF0Z2CM87C29
Announcement of Monthly Estimated Net Asset Values
As at the close of business on 31st December 2024 the estimated Net Asset Values of each class of the Company’s shares are as follows:
Fund Name
Sedol
NAV Per Share
MTD Performance
YTD Performance
NAV Date
BH Macro Ltd
B1NPGV1
$4.49
-1.51%
5.05%
31st December 2024
BH Macro Ltd
B1NP514
435p
-1.50%
6.00%
31st December 2024
The Net Asset Value figures in this announcement are an estimate, and are based on unaudited estimated valuations. The final month-end Net Asset Value may be materially different from these estimated weekly values, and should only be taken as indicative values which have been provided for information only and no reliance should be placed on them. Estimated results, performance or achievements may differ materially from any actual results, performance or achievements. Except as required by applicable law, the Company expressly disclaims any obligations to update or revise such estimates to reflect any change in expectations, new information, subsequent events or otherwise.
This document is for information purposes only and is not an offer to invest. All investments are subject to risk. Past performance is no guarantee of future returns. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decisions.
The MTD performance figures are calculated by reference to the previous estimated month end NAV or, if published, the previous month end confirmed NAV. The YTD performance figures are calculated by reference to the NAV at the end of the last calendar year. MTD and YTD performance figures are based on the NAV per share calculated to four decimal places.
Enquiries:
bhfa@ntrs.com
Date: 06th January 2025
BH Macro Limited (the "Company")
(a closed-ended collective investment scheme established as a company with limited liability under the laws of Guernsey with registered number 46235)
LEI: 549300ZOFF0Z2CM87C29
December 2024 Share Conversion
6 January 2025
(Classified Regulated Information, under DTR 6 Annex 1 section 2.3)
The Company has received (in aggregate) the following share conversion requests from shareholders for the 31 December 2024 Share Conversion Date:
296,835 USD Shares to convert to GBP Shares
7,534 GBP Shares to convert to USD Shares
Conversions will take place as soon as practicable after the Company's month-end net asset value figures for December 2024 are released. Converting shareholders will be notified upon conversion taking place, which will be no later than 25 business days after 31 December 2024.
Company website: www.bhmacro.com
Enquiries:
The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Tel: +44 (0) 1481 745001
BH Macro Limited
(the "Company")
(a closed-ended collective investment scheme established as a company with limited liability under the laws of Guernsey with registered number 46235)
LEI: 549300ZOFF0Z2CM87C29
Completion of 30 November 2024 Share Conversion3 January 2025
Classified Regulated Information, under DTR 6 Annex 1 section 2.5
Following the publication on 27 December 2024 of the final month-end net asset values for 30 November 2024, the following share conversion ratios have been determined in accordance with the articles of incorporation of the Company for the purposes of the 30 November 2024 share conversion date:
0.809354
Sterling shares for each US Dollar share
1.235553
US Dollar shares for each Sterling share
On the basis of aggregate applications received and using the conversion ratios listed above, the following shares will be issued:
- 47,902 Sterling Shares of no par value
and the following shares will be cancelled:
- 59,187 US Dollar Shares of no par value
all with effect from 3 January 2025.
Application will be made to the Financial Conduct Authority (“FCA”) 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 or about 10 January 2025. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on or about 10 January 2025.
Following issue and cancellation of the relevant shares, the total number of shares in issue in each class will be as follows:
- 27,419,773 US Dollar Ordinary Shares (Excluding Treasury Shares)
- 0 US Dollar Treasury Shares
- 342,225,975 Sterling Ordinary Shares (Excluding Treasury Shares)
- 33,277,833 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 9 March 2007 and will not change as a result of the conversions. These are:
US Dollar Share 0.7606
Sterling Share 1.4710
From 3 January 2025, the total number of voting rights in the Company (rounded up to the whole number) is 524,269,889.
Website: www.bhmacro.com
Enquiries:
Northern Trust International Fund Administration Services (Guernsey) Limited
Tel: +44 (0)1481 745001
P R O D U C T S U G G E S T I O N S
