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Transaction in Own Shares

By Sharecast

Date: Monday 22 Dec 2025



<br /> </head><br /> <body><br /> <div><br /> <p style="font-family:times new roman,times; margin-bottom:0pt;margin-top:12px; text-align:center"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt"><br /> <strong> </strong><br /> </span><br /> </p><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt; text-align:center"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt"><br /> <strong>BH Macro Limited (the "Company")</strong><br /> </span><br /> </p><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt; text-align:center"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt">(a closed-ended collective investment scheme established as a company with limited liability under the laws of Guernsey with registered number 46235)</span><br /> </p><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt; text-align:center"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:12pt"><br /> <strong> </strong><br /> </span><br /> </p><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt; text-align:center"><br /> <strong style="font-family:arial,helvetica,sans-serif; font-size:12pt; font-weight:bold"><br /> <u><br /> <strong>Transaction in Own Shares </strong><br /> </u><br /> </strong><br /> </p><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt; text-align:center"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:12pt"><br /> <strong>22 December 2025</strong><br /> </span><br /> </p><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt; text-align:justify"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:12pt"> </span><br /> </p><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt; text-align:justify"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt">BH Macro Limited (the </span><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt"><br /> <strong>Company</strong><br /> </span><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt">) announces today it has purchased the following number of its ordinary shares on the London Stock Exchange from J.P. Morgan Securities plc: </span><br /> </p><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt"> </span><br /> </p><br /> <table border="1" cellpadding="0" cellspacing="0" style="border-collapse:collapse; border:0.75pt solid #000000; width:100%"><br /> <tbody><br /> <tr><br /> <td style="border-bottom-style:solid; border-bottom-width:0.75pt; border-right-style:solid; border-right-width:0.75pt; height:17.2pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:top; width:553px"><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt; text-align:justify"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt">Ordinary Shares: - Share Class </span><br /> </p><br /> </td><br /> <td style="border-bottom-style:solid; border-bottom-width:0.75pt; border-left-style:solid; border-left-width:0.75pt; border-right-style:solid; border-right-width:0.75pt; height:17.2pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:top; width:222px"><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt; text-align:justify"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt">Sterling</span><br /> </p><br /> </td><br /> <td style="border-bottom-style:solid; border-bottom-width:0.75pt; border-left-style:solid; border-left-width:0.75pt; height:17.2pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:top; width:218px"><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt; text-align:justify"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt">US Dollar </span><br /> </p><br /> </td><br /> </tr><br /> <tr><br /> <td style="border-bottom-style:solid; border-bottom-width:0.75pt; border-right-style:solid; border-right-width:0.75pt; border-top-style:solid; border-top-width:0.75pt; height:2.65pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:top; width:553px"><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt; text-align:justify"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt">Date of purchase:</span><br /> </p><br /> </td><br /> <td style="border-style:solid; border-width:0.75pt; height:2.65pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:top; width:222px"><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt; text-align:justify"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt">22 December 2025</span><br /> </p><br /> </td><br /> <td style="border-bottom-style:solid; border-bottom-width:0.75pt; border-left-style:solid; border-left-width:0.75pt; border-top-style:solid; border-top-width:0.75pt; height:2.65pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:top; width:218px"><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt; text-align:justify"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt">22 December 2025</span><br /> </p><br /> </td><br /> </tr><br /> <tr><br /> <td style="border-bottom-style:solid; border-bottom-width:0.75pt; border-right-style:solid; border-right-width:0.75pt; border-top-style:solid; border-top-width:0.75pt; height:16.05pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:top; width:553px"><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt">Number of ordinary shares purchased:</span><br /> </p><br /> </td><br /> <td style="border-style:solid; border-width:0.75pt; height:16.05pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:middle; width:222px"><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt">280,000</span><br /> </p><br /> </td><br /> <td style="border-bottom-style:solid; border-bottom-width:0.75pt; border-left-style:solid; border-left-width:0.75pt; border-top-style:solid; border-top-width:0.75pt; height:16.05pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:middle; width:218px"><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt">7</span><br /> </p><br /> </td><br /> </tr><br /> <tr><br /> <td style="border-right-style:solid; border-right-width:0.75pt; border-top-style:solid; border-top-width:0.75pt; height:14pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:top; width:553px"><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt">Weighted average price (Sterling/US Dollars as applicable):</span><br /> </p><br /> </td><br /> <td style="border-left-style:solid; border-left-width:0.75pt; border-right-style:solid; border-right-width:0.75pt; border-top-style:solid; border-top-width:0.75pt; height:14pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:middle; width:222px"><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt">3.9691</span><br /> </p><br /> </td><br /> <td style="border-left-style:solid; border-left-width:0.75pt; border-top-style:solid; border-top-width:0.75pt; height:14pt; padding-left:5.03pt; padding-right:5.03pt; vertical-align:middle; width:218px"><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt">4.2200</span><br /> </p><br /> </td><br /> </tr><br /> </tbody><br /> </table><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt; text-align:justify"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt"> </span><br /> </p><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt; text-align:justify"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt">The Company intends to hold the purchased shares in treasury.</span><br /> </p><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt; text-align:justify"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt"> </span><br /> </p><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt; text-align:justify"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt">Following the above share transactions of the relevant US Dollar and/or Sterling Shares, the total number of shares in issue in each share class of the Company will be as follows:</span><br /> </p><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt"> </span><br /> </p><br /> <table border="1" cellpadding="0" cellspacing="0" style="border-collapse:collapse; border:0.75pt solid #000000; margin-left:0.03pt; width:100%"><br /> <tbody><br /> <tr><br /> <td style="border-bottom-style:solid; border-bottom-width:2.25pt; border-right-style:solid; border-right-width:2.25pt; height:22.85pt; vertical-align:top; width:48.48%"><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-left:5.65pt; margin-top:0pt"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt"><br /> <strong>Ordinary Shares in issue (excluding Treasury)</strong><br /> </span><br /> </p><br /> </td><br /> <td style="border-bottom-style:solid; border-bottom-width:2.25pt; border-left-style:solid; border-left-width:2.25pt; height:22.85pt; vertical-align:top; width:51.52%"><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-left:5.65pt; margin-top:0pt"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt"><br /> <strong>Ordinary Shares held in Treasury</strong><br /> </span><br /> </p><br /> </td><br /> </tr><br /> <tr><br /> <td style="border-bottom-style:solid; border-bottom-width:2.25pt; border-right-style:solid; border-right-width:2.25pt; border-top-style:solid; border-top-width:2.25pt; vertical-align:top; width:48.48%"><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-left:5.65pt; margin-top:0pt"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt">316,190,267 Sterling Shares </span><br /> </p><br /> </td><br /> <td style="border-bottom-style:solid; border-bottom-width:2.25pt; border-left-style:solid; border-left-width:2.25pt; border-top-style:solid; border-top-width:2.25pt; vertical-align:top; width:51.52%"><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-left:5.65pt; margin-top:0pt"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt">61,867,339 Sterling Shares </span><br /> </p><br /> </td><br /> </tr><br /> <tr><br /> <td style="border-right-style:solid; border-right-width:2.25pt; border-top-style:solid; border-top-width:2.25pt; vertical-align:top; width:48.48%"><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-left:5.65pt; margin-top:0pt"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt">23,830,041 US Dollar Shares </span><br /> </p><br /> </td><br /> <td style="border-left-style:solid; border-left-width:2.25pt; border-top-style:solid; border-top-width:2.25pt; vertical-align:top; width:51.52%"><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-left:5.65pt; margin-top:0pt"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt">286,716 US Dollar Shares </span><br /> </p><br /> </td><br /> </tr><br /> </tbody><br /> </table><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt"> </span><br /> </p><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt; text-align:justify"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt">From 22 December 2025, the total number of voting rights in the Company (rounded up to the whole number) is 483,241,012.</span><br /> </p><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:12pt"> </span><br /> </p><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:12pt"> </span><br /> </p><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt; text-align:justify"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt">Enquiries:</span><br /> </p><br /> <p style="font-family:times new roman,times; font-size:12pt; margin-bottom:0pt; margin-top:0pt; text-align:justify"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt">Company website:</span><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt"> </span><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt"> </span><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt"> </span><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt"> </span><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt"> </span><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt"> </span><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt"> </span><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt"/><br /> <a href="http://www.bhmacro.com" style="text-decoration:none"><br /> <span style="color:#0000ff; font-family:arial,helvetica,sans-serif; font-size:11pt"><br /> <u>www.bhmacro.com</u><br /> </span><br /> </a><br /> </p><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt"> </span><br /> </p><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt">William Simmonds </span><br /> </p><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt">JPMorgan Cazenove </span><br /> </p><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt">Tel: 020 7588 2828 </span><br /> </p><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt"> </span><br /> </p><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt">The Company Secretary</span><br /> </p><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt">Northern Trust International Fund Administration Services (Guernsey) Limited </span><br /> </p><br /> <p style="font-family:times new roman,times; margin-bottom:0pt; margin-top:0pt"><br /> <span style="font-family:arial,helvetica,sans-serif; font-size:11pt">Tel: 01481 745001</span><br /> </p><br /> </div><br /> <br/><br /> <hr size="1"/><br /> <hr size="1"/><br /> </body><br /> </html></p> <p class="backLink"><strong>« <a 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