Boussard & Gavaudan Holding Ltd (GBP): Result of the annual conversion

Boussard and Gavaudan Holding

27/11/2023 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

Result of the annual conversion

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

Conversion

The aggregate number of Shares for which conversion request forms were
received for the November Conversion Calculation Date was:

18,802 Euro shares 
 21,388 Sterling shares

The Company intends to announce the conversion ratio when it becomes available
following the publication of the final net asset value of the Euro and
Sterling Shares referable to the November Conversion Calculation Date.

Anticipated timetable for Conversion

Completion of the Conversion is expected to take place on the following
indicative timetable:

Announcement of         Around 27 December 2023 
 conversion
ratio                                                

Conversion                As from 29 December 2023

27 November 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
*     27 November 2023 - Result of the annual conversion
(https://ml-eu.globenewswire.com/Resource/Download/dae9aada-0e06-4b0c-ba3d-eebb649d0983)