BH Macro Limited Result of AGM
June 25 2020 - 5:17AM
UK Regulatory
TIDMBHMG TIDMBHMU
BH MACRO Limited
(an authorised closed-ended collective investment scheme established as a
company with limited liability under the laws of Guernsey with registration
number 46235)
(The "Company")
LEI Number: 549300ZOFF0Z2CM87C29
25 June 2020
RESULT OF ANNUAL GENERAL MEETING
At the Annual General Meeting of the Company held on 25 June 2020, all Ordinary
Resolutions set out in the Annual General Meeting Notice sent to Shareholders
dated 28 May 2020 were duly passed.
Details of the proxy voting results which should be read along side the Notice
are noted below:
Ordinary For Discretion Against Abstain
Resolution (voted in
favour)
1 11,872,103 0 4,413 5,493
2 11,871,783 0 4,733 5,493
3 11,871,783 0 4,733 5,493
4 11,872,103 0 4,413 5,493
5 11,755,951 0 120,565 5,493
6 11,871,980 0 4,413 5,616
7 11,868,413 0 8,103 5,493
8 11,753,631 0 122,885 5,493
9 11,871,783 0 4,733 5,493
10 11,868,290 0 8,103 5,616
Special For Discretion Against Abstain
Resolution (voted in
favour)
11 11,872,103 0 4,413 5,493
12 11,871,980 0 4,413 5,616
Note - A vote withheld is not a vote in law and has not been counted in the
votes for and against a resolution.
The above figures aggregate the proxy votes received on the US Dollar shares
and Sterling shares in accordance with the respective voting rights applicable
to each US Dollar share and Sterling share on a poll, being 0.7606 votes per US
Dollar share and 1.471 votes per Sterling share.
The Special Resolutions were as follows:
Special Resolution 11
IT WAS RESOLVED that the Company be and is hereby generally and unconditionally
authorised in accordance with the Companies (Guernsey) Law, 2008, as amended
(the "Companies Law"), to make market acquisitions (as defined in the Companies
Law) of each class of its shares (either for the retention as treasury shares
for resale or transfer, or cancellation), PROVIDED THAT:
a. the maximum number of shares authorised to be purchased shall be 374,512
shares designated as US Dollar shares and 2,213,951 shares designated as
Sterling shares (respectively being 14.99 per cent. of the shares of each class
in issue as at the latest practicable date prior to the date of publication of
this document (excluding in each case shares held in treasury)) ;
b. the minimum price (exclusive of expenses) which may be paid for a share
shall be one cent for shares designated as US Dollar shares and one pence for
shares designated as Sterling shares;
c. the maximum price which may be paid for a share of the relevant class is
an amount equal to the higher (a) 105 per cent. of the average of the middle
market quotations for a share of the relevant class on the relevant market for
the five business days immediately preceding the date on which the share is
purchased; and (b) the higher of (i) the price of the last independent trade
for a share of the relevant class and (ii) the highest current independent bid
for a share of the relevant class at the time of purchase; and
d. the authority hereby conferred shall expire at the annual general meeting
of the Company in 2021 unless such authority is varied, revoked or renewed
prior to such date by a special resolution of the Company in a general meeting.
Special Resolution 12
IT WAS RESOLVED THAT in accordance with Article 6.4 of the Articles, the
Directors be empowered to allot and issue (or sell from treasury) 249,841
shares designated as US Dollar shares and 1,476,952 shares designated as
Sterling shares(respectively being 10 per cent. of the shares in issue of each
class as at the latest practicable date prior to the date of this notice
(excluding shares held in treasury)) for cash as if Article 6.1 of the Articles
did not apply to the allotment and issue (or sale from treasury) for the period
expiring on the date falling fifteen months after the date of passing of this
Resolution 12 or the conclusion of the next annual general meeting of the
Company, whichever is the earlier, save that the Company may before such expiry
make offers or agreements which would or might require shares to be allotted
and issued (or sold) after such expiry and the Directors may allot and issue
(or sell) shares in pursuance of any such offer or agreement notwithstanding
that the power conferred by this Resolution 12 has expired.
Enquiries:
Northern Trust International Fund Administration Services (Guernsey) Limited
The Company Secretary
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL
Tel: 01481 745001
END
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