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
Resolution |
For |
Discretion
(voted in favour) |
Against |
Abstain |
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 Resolution |
For |
Discretion
(voted in favour) |
Against |
Abstain |
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