BH Macro Limited Announces Buy-Back of Shares, Plans to Hold Purchased Shares in Treasury

BH Macro Limited, a Guernsey-based collective investment scheme, has made waves in the investment sector by purchasing a significant number of its own shares. The acquired shares were purchased on the London Stock Exchange from J.P. Morgan Securities plc. The buy-back resulted in the acquisition of 149,383 ordinary shares at a price range between 395.50 and 396.00 pence per share. This move is indicative of a potential strategy to improve shareholder value and boost investor confidence.

The shares involved in the transaction fall under two categories, namely, Sterling Shares and Dollar Shares. As a result of the purchase, the total number of Sterling Shares held in treasury now stand at 40,341,379. In contrast, there are no Dollar Shares held in treasury following the transaction.

With this move, BH Macro Limited underscores its intention to maintain a proactive approach in managing its shares and in implementing mechanisms aimed at preserving and enhancing shareholder value.