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 30 June 2009 conversion
calculation date (the "June Conversion Calculation Date").
Conversion requests
The aggregate number of shares for which conversion request forms
were received for the June Conversion Calculation Date was:
40,500 Euro Shares
189,784 Sterling Shares
Conversion ratios
+-------------------------------------------------------------------+
| The net asset values | The spot currency | On the basis of |
| per share as at the | conversion rates as at | the above, the |
| June Conversion | the June Conversion | conversion ratios |
| Calculation Date | Calculation Date were: | are as follows: |
| were: | | |
|----------------------+------------------------+-------------------|
| Euro Shares: ¤ | Euro GBP: 0.85248 | 0.890632 Sterling |
| 11.2193 | | Shares for every |
| | | one Euro Share |
|----------------------+------------------------+-------------------|
| Sterling Shares: £ | | 1.122798 Euro |
| 10.7387 | Euro GBP: 0.85248 | Shares for every |
| | | one Sterling |
| | | Share |
+-------------------------------------------------------------------+
Cancellation
As a result of the Conversion, the number of Euro Shares will be
increased by 172,589.
As a result of the Conversion, the number of Sterling Shares will be
reduced by 153,714.
Results of conversion
With effect from Conversion, the issued share capital of B&G Holding
was on 30 June 2009.
60,347,179 Euro Shares
1,689,104 Sterling Shares
Admission of new shares
Application has been made for:
213,089 Euro Shares to be admitted to listing and trading on Euronext
Amsterdam,
36,070 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 30 September 2009 (the
"September 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.
21 July 2009
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.
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
