BGHL Conversion Facility

Boussard & Gavaudan Holding Limited a closed-ended investment company incorporated with limited liability under the laws of Guernsey with registration number 45582 Result of conversion Boussard & Gavaudan Holding Limited ("B&G Holding" or the "Company") today announces the result of the facility to convert existing holdings of: ·          Euro Shares in the Company ("Euro Shares") into Sterling Shares in the Company (the "Sterling Shares"); and ·          Sterling Shares into Euro Shares, (together, the "Conversion") for the 31 March 2010 conversion calculation date (the " March Conversion Calculation Date"). Conversion requests The aggregate number of shares for which conversion request forms were received for the March Conversion Calculation Date was: 86,031 Euro Shares 734 Sterling Shares Conversion ratios +--------------------------+--------------------------+------------------------+ | The net asset values per | The spot currency | On the basis of the | | share as at the March |conversion rates as at the| above, the conversion | | Conversion Calculation | March Conversion | ratios are as follows: | | Date were: | Calculation Date were: | | +--------------------------+--------------------------+------------------------+ |Euro Shares: € 12.8228 |Euro GBP: 0.890550 |0.941662 Sterling Shares| |  |  |for every one Euro Share| +--------------------------+--------------------------+------------------------+ |Sterling Shares: £ 12.1268|Euro GBP: 0.890550 |1.061952 Euro Shares for| |  |  |every one Sterling Share| +--------------------------+--------------------------+------------------------+ Cancellation As a result of the Conversion, the number of Euro Shares will be reduced by 85,252 shares. As a result of the Conversion, the number of Sterling Shares will be increased by 80,278 shares. Results of conversion With effect from Conversion, the issued share capital of B&G Holding was on 31 March 2010. 57,476,480 Euro Shares 1,568,514 Sterling Shares Admission of new shares Application has been made for: 779 Euro Shares to be admitted to listing and trading on Euronext Amsterdam, 81,012 Sterling Shares to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange plc's main market for listed securities. Next conversion The next conversion calculation date will be 31 June 2010 (the "June Conversion Calculation Date").  Shareholders wishing to convert between share classes should complete the appropriate conversion request form, which is available from the Company's website www.bgholdingltd.com < http://www.bgholdingltd.com/>. 16 April 2010 B&G Asset Management                                              +44 20 7514 0700 Emmanuel Gavaudan 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 Company is listed on Euronext Amsterdam and on the London Stock Exchange ("LSE"). This announcement is for information purposes only and is not an offer to invest. All investments are subject to risk. Past performance is no guarantee of future returns. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision. The value of investments may fluctuate. Results achieved in the past are no guarantee of future results. 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 Sark Fund Limited have 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 ill 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. [HUG#1404762] Final result of conversion: http://hugin.info/139558/R/1404762/358811.pdf
UK 100

Latest directors dealings