Boussard & Gavaudan Holding Ltd (EUR): Particulars of Cash Exit

Boussard and Gavaudan Holding

18/10/2024 17:01

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   Boussard & Gavaudan Holding Limited (the “Company”)

a closed-ended investment company incorporated with limited liability 
under the laws of Guernsey 
with registration number 45582

Legal Entity Identifier: 5493002XNM3W9D6DF327
        
                        

Particulars of Cash Exit

In accordance with the circular to Shareholders dated 25 June 2024 (the
"Circular") and the Articles, the Company announces the particulars of the
compulsory redemption of Shares to be effected pursuant to the Cash Exit on 1
November 2024.

Unless otherwise defined, capitalised terms used in this announcement shall
have the same meaning as set out in the Circular. Shareholders should refer to
the Circular for full details of the Cash Exit, including the timetable for
the redemption and distribution of redemption proceeds.

The redemption price payable to each Shareholder pursuant to the Cash Exit
will be an amount equal to the net asset value (NAV) per Share of the relevant
class of Shares as at the close of business of the Calculation Date, being 31
October 2024. The redemption monies will be payable in the currency of each
relevant class of Shares and will be paid to Shareholders within 14 Business
Days of the Cash Redemption Date (being 1 November 2024), or as soon as
practicable thereafter.

On each Business Day, the Company announces on its website the estimated net
asset value of its Euro Shares and Sterling Shares as at the close of business
of the preceding Business Day. This information is available here:
https://www.bgholdingltd.com/p/14/financial-announcements.

In the event that the net asset values per Share calculated as at the close of
business of 31 October 2024 were equal to their most recent estimates, the
resulting redemption price per Share payable to holders of Euro Shares (ISIN:
GG00B1FQG453) and holders of Sterling Shares (ISIN: GG00B39VMM07) under the
Cash Exit would be €28.4353 and £25.5630, respectively.

These figures are hypothetical, non-indicative of the actual redemption price
and non-binding. They are provided for illustration purposes only and no
reliance should be placed on them. The actual redemption price will be equal
to the net asset value as at 31 October 2024, which may differ from the most
recent estimated net asset values per Share provided above.

For further information please contact: 
Boussard & Gavaudan Investment Management LLP 
Emmanuel Gavaudan 
+44 20 3751 5389

JTC Fund Solutions (Guernsey) Limited 
Secretary 
+44 (0) 1481 702400

18 October 2024

Website: www.bgholdingltd.com

The Company is established as a closed-ended investment company domiciled in
Guernsey. The Company has been authorised by the Guernsey Financial Services
Commission as an authorised closed-ended investment scheme. The Company is
registered with the Dutch Authority for the Financial Markets as a collective
investment scheme pursuant to article 2:73 in conjunction with 2:66 of the
Dutch Financial Supervision Act (Wet op het financieel toezicht). The shares
of the Company (the "Shares") are listed on Euronext Amsterdam. The Shares
are also listed on the Official List of the UK Listing Authority and admitted
to trading on the London Stock Exchange plc's main market for listed
securities.

This is not an offer to sell or a solicitation of any offer to buy any
securities in the United States or in any other jurisdiction. This
announcement is not intended to and does not constitute, or form part of, any
offer or invitation to purchase any securities or the solicitation of any vote
or approval in any jurisdiction, nor shall there be any sale, issuance or
transfer of the securities referred to in this announcement in any
jurisdiction in contravention of applicable law.

Neither the Company nor BG Master Fund ICAV have been, and neither will be,
registered under the US Investment Company Act of 1940, as amended (the
"Investment Company Act"). In addition the securities referenced in this
announcement have not been and will not be registered under the US Securities
Act of 1933, as amended (the "Securities Act"). Consequently any such
securities may not be offered, sold or otherwise transferred within the United
States or to, or for the account or benefit of, US persons except in
accordance with the Securities Act or an exemption therefrom and under
circumstances which will not require the issuer of such securities to register
under the Investment Company Act. No public offering of any securities will be
made in the United States. 
You should always bear in mind that:
* all investment is subject to risk; 
* results in the past are no guarantee of future results; 
* the investment performance of BGHL may go down as well as up. You may not
get back all of your original investment; and 
* if you are in any doubt about the contents of this communication or if you
consider making an investment decision, you are advised to seek expert
financial advice.
This communication is for information purposes only and the information
contained in this communication should not be relied upon as a substitute for
financial or other professional advice.

Attachment
*     BGHL - Announcement of Cash Exit particulars
(https://ml-eu.globenewswire.com/Resource/Download/4ba030db-5667-497a-a2d5-2bf727f2762a)