BH Macro Limited (LSE: BHMG) announces a share repurchase program. Under the tender offer, the fund will repurchase up to 40% of its issued share capital at a price equivalent to 97.8% of net asset value for the relevant class as at June 30, 2021. The offer will be subject to other customary conditions, including shareholder approval. The offer will be funded by the redemption of such portion of the company’s investment in Brevan Howard Master Fund Limited (the “Master Fund”) as is required to pay for the shares validly tendered in the offer. The company will convene an Extraordinary General Meeting of shareholders to approve the offer and the structural changes on June 23, 2021. The tender offer is valid until June 22, 2021. On June 23, 2021, the shareholders of the company approved the tender offer at its Extraordinary General Meeting. On July 26, 2021, the fund announced that the Net Asset Value per share for the relevant class as at June 30, 2021, will be announced on or before August 2, 2021. J.P. Morgan Cazenove acted as the broker to the company.