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BH Macro Ltd (GBP) (BHMG) Ord NPV

Sell:3,460.00p Buy:3,510.00p 0 Change: 65.00p (1.83%)
Market closed Prices as at close on 2 August 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

BH Macro Ltd (GBP) Ord NPV

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 7 Jun 2021)

BH Macro Ltd is offering to purchase up to 40% of each class of its Shares. To do this, the Company is offering to buy shares at a price equivalent to 97.8% of the net asset value for the relevant class as at 30 June.

 

You can ask to sell all or part of your holding in the offer. You’ve got a guaranteed entitlement to tender (i.e. elect to sell) 40% of the Shares you hold. You can ask to sell more or less than this, but you may not successfully sell all the Shares you tender above this entitlement.

 

The deadline to give an instruction is noon on Monday 21 June 2021.

 

You have two options

 

  1. Do nothing

You don’t have to take part in the Tender Offer. If you don’t you’ll keep your existing Shares.

 

  1. Tender Shares

Ask to sell some or all of your Shares at a price equivalent to 97.8% of the net asset value for the relevant class as at 30 June 2021. 

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the post/secure message and not on the summary information outlined above.

×
Sell:3,460.00p
Buy:3,510.00p
Change: 65.00p (1.83%)
Market closed Prices as at close on 2 August 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

BH Macro Ltd (GBP) Ord NPV

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 7 Jun 2021)

BH Macro Ltd is offering to purchase up to 40% of each class of its Shares. To do this, the Company is offering to buy shares at a price equivalent to 97.8% of the net asset value for the relevant class as at 30 June.

 

You can ask to sell all or part of your holding in the offer. You’ve got a guaranteed entitlement to tender (i.e. elect to sell) 40% of the Shares you hold. You can ask to sell more or less than this, but you may not successfully sell all the Shares you tender above this entitlement.

 

The deadline to give an instruction is noon on Monday 21 June 2021.

 

You have two options

 

  1. Do nothing

You don’t have to take part in the Tender Offer. If you don’t you’ll keep your existing Shares.

 

  1. Tender Shares

Ask to sell some or all of your Shares at a price equivalent to 97.8% of the net asset value for the relevant class as at 30 June 2021. 

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the post/secure message and not on the summary information outlined above.

×
Sell:3,460.00p
Buy:3,510.00p
Change: 65.00p (1.83%)
Market closed Prices as at close on 2 August 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

BH Macro Ltd (GBP) Ord NPV

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 7 Jun 2021)

BH Macro Ltd is offering to purchase up to 40% of each class of its Shares. To do this, the Company is offering to buy shares at a price equivalent to 97.8% of the net asset value for the relevant class as at 30 June.

 

You can ask to sell all or part of your holding in the offer. You’ve got a guaranteed entitlement to tender (i.e. elect to sell) 40% of the Shares you hold. You can ask to sell more or less than this, but you may not successfully sell all the Shares you tender above this entitlement.

 

The deadline to give an instruction is noon on Monday 21 June 2021.

 

You have two options

 

  1. Do nothing

You don’t have to take part in the Tender Offer. If you don’t you’ll keep your existing Shares.

 

  1. Tender Shares

Ask to sell some or all of your Shares at a price equivalent to 97.8% of the net asset value for the relevant class as at 30 June 2021. 

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the post/secure message and not on the summary information outlined above.

×
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Business summary

BH Macro Limited is a closed-ended investment company. The Company invests all of its assets (net of short-term working capital requirements) directly in the Brevan Howard Master Fund Limited (the Master Fund), which is an open-ended investment company. The Master Fund is a hedge fund in the form of a Cayman Islands open-ended investment company, which has as its investment objective the generation of consistent long-term appreciation through active leveraged trading and investment on a global basis. The Master Fund invests in a range of instruments including, but not limited to, debt securities and obligations (which may be below investment grade), bank loans, listed and unlisted equities, other collective investment schemes, currencies, commodities, futures, options, warrants, swaps and other derivative instruments. Brevan Howard Capital Management LP serves as the manager of the Company.

Important dates

Future events
There are no future events available.
Past events
AGM 23 June 2021 23/06/21
Final results 31 March 2021 31/03/21
Annual report 31 March 2021 31/03/21
Interim results 26 August 2020 26/08/20

General stock information

EPIC:
BHMG
ISIN:
GG00B1NP5142
Market cap:
£594.36 million
Shares in issue:
17.18 million
Sector:
Equity Investment Instruments
Exchange:
London Stock Exchange
Currency:
Sterling pence
Indices:
FTSE All Share,FTSE Small Cap

Contact details

Address:
Trafalgar Court Les Banques
PO Box 255
SAINT PETER PORT
GY1 3QL
Guernsey
Telephone:
+ (0)
Website:
www.bhmacro.com

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Business summary, contact details and key personnel provided by Thomson Reuters. Important dates provided by Digital Look Ltd. General stock information provided by NBTrader.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.