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BH Macro Limited - Shareholder Update
PR Newswire
(a closed-ended investment company incorporated in Guernsey with registration number 46235)
LEI: 549300ZOFF0Z2CM87C29
16 February 2021
Shareholder update
Further to the Company s announcement on 22 January 2021, the Company has agreed with Brevan Howard Capital Management LP (the Manager ) that the Company will put forward to shareholders the changes to its management agreement requested by the Manager in its letter dated 21 January 2021 (the Manager s Proposed Changes ).
The Company has also agreed with the Manager that if shareholders approve the Manager s Proposed Changes, the Company will make a tender offer to shareholders to acquire up to 40% of the Company s shares at a price equal to 98% of the net asset value per share at the time of completion of the tender offer less an amount per share in respect of the costs of the tender offer.
11.00 a.m. on Wednesday 27 January 2021
Latest time and date for receipt of completed applications from the Intermediaries in respect of the Intermediaries Offer
2.00pm on Wednesday 27 January 2021
Latest time and date for receipt of Placing orders
5.00pm on Wednesday 27 January 2021
Announcement of the results of the Initial Issue
8.00am on Thursday 28 January 2021
Initial Admission of the Ordinary Shares and dealings commence
8.00am on Tuesday 02 February 2021
Investment Highlights
Victory Hill believes that an investment in the Company represents an attractive investment opportunity for the reasons set out below.
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