BH MACRO LIMITED
(the “Company”)
THIS ANNOUNCEMENT
INCLUDES INSIDE INFORMATION
(a closed-ended investment company
incorporated in Guernsey with registration number 46235)
LEI: 549300ZOFF0Z2CM87C29
29 March
2021
Approval of
Management Agreement Changes
The Company announces that the proposed changes to the Company’s
management agreement with Brevan Howard Capital Management LP
described in the circular to the Company’s shareholders dated
12 March 2021 (the “Proposed
Changes”) were approved by poll vote at the Company’s extraordinary
general meeting held this morning.
The Proposed Changes will now become effective from 1 July
2021.
The result of the poll vote was as follows:
| Votes for |
% |
Votes against |
% |
% total voting rights
voted |
Votes withheld |
| 12,097,184 |
82.5% |
2,572,995 |
17.5% |
61.7% |
115,902 |
All votes cast were proxy votes received in advance of the
meeting. Accordingly, the proxy votes received by the Company are
identical to the above
A vote withheld is not a vote in law and is therefore not
counted towards the proportion of votes "for" or "against".
As at 25 March 2021, the Company’s
issued share capital (excluding shares held in treasury) consisted
of 2,093,611 US dollar shares and
15,084,401 Sterling shares. On a poll each shareholder is
entitled to 0.7606 votes per US dollar share held and 1.4710 votes
per Sterling share held. Therefore, the total voting rights
in the Company as at the time of the meeting were 23,781,555.
The full text of the resolution regarding the Proposed Changes
is set out in the notice of extraordinary general meeting which
formed part of the Company’s circular dated 12 March 2021.
In accordance with Listing Rule 9.6.2, a copy of the resolution
will be submitted to the National Storage Mechanism and will
shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Enquiries
Richard
Horlick
Chairman
William
Simmonds
J.P. Morgan Cazenove
020 7742 4000
Edward
Berry / Tom Blackwell
FTI Consulting
07703 330 199 / 07747 113 919