Boussard & Gavaudan Holding Limited
a closed-end investment company incorporated with limited liability under the laws of Guernsey with registration number 45582
Result of the annual conversion
Boussard & Gavaudan Holding Limited (“B&G Holding” or the “Company”) today announces the result of the conversion facility of existing holdings (the “Conversion”) of Euro shares of the Company (“Euro Shares” ) into sterling shares of the Company (the “Sterling Shares”) and, from Sterling Shares into Euro Shares of the Company for the conversion calculation date of 30 November 2021 (the “November Conversion Calculation Date”) .
The total number of Shares for which conversion request forms were received for the November Conversion Calculation Date was:
9,422 shares in euros
173,488 shares in sterling
The Company intends to announce the conversion ratio when it becomes available after the publication of the final net asset value of the Shares in euros and in pounds sterling referring to the November Conversion Calculation Date.
Expected timeline for conversion
Completion of the Conversion is expected to take place according to the following indicative timetable:
Announcement of around December 28, 2021
Conversion From December 30, 2021
November 26, 2021
B&G Investment Management LLP
Emmanuel Gavaudan (London) +44 20 3 751 5388
Francois Xavier Baud (London) +44 20 3 751 5395
The Company is established as a closed-end investment company domiciled in Guernsey. The Company has received the necessary approval from the Guernsey Financial Services Commission and the Guernsey States Policy Council. The Company is registered with the Dutch Financial Markets Authority as a collective investment scheme in accordance with 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 officially listed with the UK Listing Authority and admitted to trading on the main market of the London Stock Exchange plc for listed securities.
This is not an offer to sell or a solicitation of an offer to buy any securities in the United States or any other jurisdiction. This announcement is not intended to and does not constitute or form part of an offer or invitation to purchase securities or the solicitation of any vote or approval in any jurisdiction, and it does not Nor will there be any sale, issue or transfer of the securities mentioned in this announcement in any jurisdiction in violation of applicable law.
Neither the Company nor BG Fund has been and will be registered under the United States Investment Company Act of 1940, as amended (the “Investment Company Act”). Further, the securities referenced in this announcement have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”). Accordingly, such securities may not be offered, sold or otherwise transferred in the United States or to, or for the account or benefit of, United States persons, except in accordance with the Securities Act or an exemption therefrom and in circumstances which will not require the issuer of such securities to register under the law on investment companies. No public offering of securities will be made in the United States.
You should always keep in mind that:
any investment is subject to risk;
past results are not indicative of future results;
BGHL’s investment performance can go down as well as up. You may not get back all of your initial investment; and
if in doubt about the content of this communication or if you are considering making an investment decision, you are advised to seek the advice of a financial expert.
This communication is for informational purposes only and the information contained in this communication should not be considered a substitute for financial or other professional advice.
Result of conversion BGHL November 2021