Boussard & Gavaudan Holding Limited
a closed-ended 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 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 2010 conversion calculation date (the
"November Conversion Calculation Date").
The aggregate number of Shares for which conversion request forms were received
for the November Conversion Calculation Date was:
18,175 Euro shares
16,004 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
Around 28 December 2010
Around 31 December 2010
26 November 2010
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.
Result of conversion:
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(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