Boussard & Gavaudan Holding Limited
a closed-ended investment company incorporated with limited liability
under the laws of Guernsey with registration number 45582
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 Value of the two classes of Shares
as at 30 November 2010.
The period during which shareholders may convert their shares from one class to
the other ends on 23 November 2010 at 5 pm London time. Shareholders wishing to
participate must ensure that their request has reached their custodian before
Shareholders 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 Computershare by close
of business on 23 November 2010. As the Euro shares are only capable of being
settled in Euroclear, the CREST custodian will be required to send to
Computershare 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 sent by post to all CREST custodians and available
on the Company's website
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 23 November 2010. Their custodian
bank has to arrange an effective delivery of the underlying euro shares within
3 business days to Kempen & Co N.V. (ESES 29183 NDC 106) after 23 November 2010.
Euro shareholders may obtain a copy of the conversion request form from the
For a copy of the conversion request form, euro shareholders may also contact
1. Kempen & Co. N.V, Beethovenstraat 300, 1077 WZ Amsterdam, P.O. Box
75666, 1070 AR Amsterdam, The Netherlands; telephone: +31 203 489554; fax:
+31 203 489549; or
2. Close Fund Services Limited PO Box 105, Trafalgar Court Admiral Park, St
Peter Port Guernsey GY1 3EP Channel Islands United Kingdom, telephone +44
(0)1481 71 06 07; fax: +44 (0) 1481 734542.
4 November 2010
For further information, please contact:
B&G Asset Management
Emmanuel Gavaudan (Hong Kong) +852 39 65 32 16
Manuel Kalbreier (London) +44 20 7514 0725
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
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 Boussard & Gavaudan 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.
BGHL Annual Conversion facility:
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: BOUSSARD AND GAVAUDAN HOLDING LIMITED (GBP) via Thomson Reuters ONE