Boussard & Gavaudan Holding Ltd (GBP): Annual Conversion Facility

Boussard and Gavaudan Holding

09/11/2023 17:01

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Boussard & Gavaudan Holding Limited
a closed-ended investment company incorporated with limited liability 
under the laws of Guernsey with registration number 45582

Legal Entity Identifier: 5493002XNM3W9D6DF327

BGHL Annual Conversion Facility

Boussard & Gavaudan Holding Limited (“B&G Holding” or the “Company”)
today announces that shareholders will be able to convert their existing
holding of shares in the Company from one class into another class (the
"Conversion"), subject to satisfying certain requirements.

The conversion will be based on the Net Asset Values of the two classes of
Shares as at 30 November 2023.

The period during which shareholders may tender their shares for conversion
from one class to the other will start on 10 November 2023 (after closing) and
will end on 24 November 2023 at 5.00 p.m. London time.

Boussard & Gavaudan Holding Sterling shares (ISIN GG00B39VMM07)

Shareholders holding Sterling shares in CREST and wishing to convert from
Sterling shares into Euro shares must contact their CREST custodian. The CREST
custodian (or if not a CREST member, the custodian’s CREST agent) must send
a USE message to JTC Registrars Ltd by close of business on 24 November 2023.
As the Euro shares are only capable of being settled in Euroclear (Nederland),
the CREST custodian will be required to send to JTC Registrars Ltd a Sterling
to Euro class conversion form including the relevant Euroclear settlement
instructions for the new Euro shares.

The Sterling to Euro class conversion form will be available on the Company's
website http://www.bgholdingltd.com/conversion.php.

Boussard & Gavaudan Holding Euro shares (ISN GG00B1FQG453)

Shareholders holding shares in Euroclear (Nederland) and wishing to
participate must ensure that their request has reached their custodian and the
Administrator before that date. 
Shareholders wishing to convert from Euro shares into Sterling shares will be
required to notify their custodian bank by completing a conversion request
form. Shareholders must ensure that the conversion request reaches their
custodian bank by close of business (London time) on 24 November 2023. Their
custodian bank has to arrange an effective delivery of the underlying euro
shares within 2 (based on T+2) business days to Van Lanschot Kempen (ESES
29183 NDC 106) after 24 November 2023.

Euro shareholders may obtain a copy of the conversion request form from the
Company's website: http://www.bgholdingltd.com/conversion.php.

For a copy of the conversion request form, Euro shareholders may also contact
either:
1. Van Lanschot Kempen (“VLK”)., Beethovenstraat 300, 1077 WZ Amsterdam,
P.O. Box 75666, 1070 AR Amsterdam, The Netherlands; telephone: +31 20 348
9554/8899/8868; fax: +31 203 489549; or email: kas@vanlanschotkempen.com
2. JTC Fund Solutions (Guernsey) Limited, P.O. Box 156, Dorey Court, Admiral
Park, St Peter Port, Guernsey GY1 4EU, Channel Islands, telephone +44 (0)1481
702400; or email: registrars@jtcgroup.com.
9 November 2023

For further information, please contact: Boussard & Gavaudan Investment
Management LLP

Emmanuel Gavaudan (London) +44 203 751 5389
Francois Xavier Baud (London) +44 203 751 5395

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 Umbrella Fund Plc has 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:
1. 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
*     9 November 2023 - BG Announcement re conversion facility
(https://ml-eu.globenewswire.com/Resource/Download/264dc9db-c904-43f0-9981-222ee3ecbf2c)