Boussard & Gavaudan Holding Ltd (GBP): Final Result of Conversions

Boussard and Gavaudan Holding

15/12/2023 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

Results of conversions
                                                    

Boussard & Gavaudan Holding Limited (“B&G Holding” or the “Company”)
today announces the results of the facility to convert existing holdings of:
* Euro Shares in the Company ("Euro Shares") into Sterling Shares in the
Company ("Sterling Shares"); and
* Sterling Shares into Euro Shares,
(together the "Conversions") for the 30 November 2023 conversion calculation
date (the “Conversion Calculation Date").

Conversion requests

The aggregate numbers of shares for which conversion request forms were
received for the Conversion Calculation Date were:

18,802 Euro Shares; and
21,388 Sterling Shares

Conversion ratios

 The net asset values per share as at the Conversion Calculation Date were:  The spot currency conversion rate as at the Conversion Calculation Date was:  On the basis of the above, the conversion ratios are as follows:  
 Euro Shares: €27.4467                                                       Euro / GBP: 0.86188                                                           0.967318 Sterling Shares for every one Euro Share                 
 Sterling Shares: £24.4550                                                   Euro / GBP: 0.86188                                                           1.033786 Euro Shares for every one Sterling Share                 

As a result of the Conversions, the number of Euro Shares will be increased by
3,308 Euro Shares.
As a result of the Conversions, the number of Sterling Shares will be
decreased by 3,204 Sterling Shares.

Results of conversion

As a result of the Conversion, the issued share capital of B&G Holding was on
30 November 2023:

12,299,516 Euro Shares; and 
123,090 Sterling Shares

15 December 2023

Boussard & Gavaudan Investment Management LLP

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 received the necessary approval of the Guernsey
Financial Services Commission and the States of Guernsey Policy Council. 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:
* 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
*     15 December 2023 - Final Result of conversion
(https://ml-eu.globenewswire.com/Resource/Download/2deca1e8-870d-481d-b25f-97d8d8d40b4e)