BH Macro Limited (BHMG), a Guernsey-registered closed-ended collective investment scheme listed on the London Stock Exchange, has announced the purchase of 193,918 Sterling ordinary shares on 3 November 2026, executed through J.P. Morgan Securities plc. The shares were acquired at a weighted average price of 4.1656 pence and will be held in treasury rather than cancelled. Following the transaction, the company's total voting rights stand at 457,650,920, a figure investors and index providers typically monitor closely for shareholder dilution and capital management purposes.

Key Points

  • BH Macro Limited (BHMG) — Guernsey-incorporated closed-ended investment fund listed on the London Stock Exchange
  • The company purchased 193,918 Sterling ordinary shares on 3 November 2026 via J.P. Morgan Securities plc
  • Weighted average purchase price was 4.1656; purchased shares will be held in treasury; total voting rights now stand at 457,650,920
  • Investors may watch for further buyback activity and any change to the ratio of shares in issue versus treasury holdings

BHMG Purchases 193,918 Sterling Shares Through J.P. Morgan Securities on 3 November 2026

BH Macro Limited confirmed it purchased 193,918 Sterling class ordinary shares on the London Stock Exchange on 3 November 2026, with J.P. Morgan Securities plc acting as the executing broker. The weighted average price paid was 4.1656 per share. The announcement states the company intends to hold these shares in treasury, meaning they will not be cancelled and could potentially be reissued in future. Treasury holdings are a standard mechanism used by closed-ended funds to manage discount levels and provide liquidity without permanently reducing share capital.

Sterling and US Dollar Share Class Totals Following the November Buyback

Following the transaction, BH Macro's updated share register shows 299,016,980 Sterling ordinary shares in issue, excluding treasury, alongside 78,647,288 Sterling shares held in treasury. The US Dollar share class stands at 23,398,556 shares in issue with a further 1,235,677 held in treasury. The announcement does not detail any US Dollar share class transactions on this occasion. These figures reflect the cumulative impact of the company's ongoing buyback programme, which is a commonly used tool among closed-ended investment companies seeking to manage their market discount to net asset value.

Total Voting Rights in BH Macro Revised to 457,650,920 from 3 November 2026

From 3 November 2026, the total number of voting rights in BH Macro Limited has been revised to 457,650,920, rounded up to the whole number as stated in the announcement. This figure is of practical importance to shareholders and regulatory filings, as it forms the denominator for calculating whether major shareholding notification thresholds have been crossed under UK disclosure rules. BH Macro's company secretary function is provided by Northern Trust International Fund Administration Services (Guernsey) Limited, while JPMorgan Cazenove serves as the company's broker contact for market enquiries.