Boussard & Gavaudan Holding Ltd (GBP):- Redemption and Cancellation of Shares
01 Novembre 2024 - 6:01PM
UK Regulatory
Boussard & Gavaudan Holding Ltd (GBP):- Redemption and
Cancellation of Shares
Boussard & Gavaudan
Holding Limited (the “Company”)
a closed-ended investment company
incorporated with limited liability
under the laws of Guernsey
with registration number 45582
Legal Entity Identifier: 5493002XNM3W9D6DF327
Completion of the Rollover Option and
Cash Exit
Change to Share Capital
1. Completion of the Rollover Option and Cash Exit on 1
November 2024
The Company is pleased to announce the
completion of the Rollover Option and Cash Exit pursuant to the
Company's managed wind-down. Terms used and not defined shall have
the same meanings set out in the circular to Shareholders dated 25
June 2024.
a. Rollover
into the Sub-Funds of BG Eire ICAV
On 1 November 2024:
- each Participating Euro Share was
converted into one of two classes of Rollover Euro Share,
corresponding to the relevant Rollover Fund;
- immediately following the Share
Conversion, all Rollover Shares were compulsorily redeemed in full
by the Company and cancelled immediately upon redemption; and
- the Company transferred the assets
attributable to the Rollover Shares to the Rollover Funds in
consideration for the issue of shares in the relevant Rollover Fund
to Participating Shareholders on a NAV-for-NAV basis.
b. Cash
Exit
On 1 November 2024, all Euro Shares (bar one) and
all Sterling Shares held by Shareholders not participating in the
Rollover Option were redeemed in full and cancelled by the
Company.
The redemption monies will be payable in the
currency of each relevant class of Shares and will be paid to
Shareholders within 14 Business Days of the Cash Redemption Date
(being 1 November 2024), or as soon as practicable thereafter.
2. Change to Share Capital
One Share held by an entity of the Boussard
& Gavaudan group has not been redeemed and cancelled from the
Company’s register, for the purposes of appointing the Company’s
liquidator.
Following the above-mentioned cancellation of
Shares, the Company’s share capital is as follows:
BGHL Share Capital |
Number of Euro Shares |
Number of Sterling Shares |
Total Number of Shares |
Shares Outstanding |
1 |
0 |
1 |
Held in treasury |
0 |
0 |
0 |
Shares issued |
1 |
0 |
1 |
The Company would like to thank its Shareholders for their
continued support over the years.
For further information please contact:
Boussard & Gavaudan Investment Management LLP
Emmanuel Gavaudan
+44 20 3751 5389
JTC Fund Solutions (Guernsey) Limited
Secretary
+44 (0) 1481 702400
1 November 2024
Website: www.bgholdingltd.com
The Company is established as a closed-ended
investment company domiciled in Guernsey. The Company has been
authorised by the Guernsey Financial Services Commission as an
authorised closed-ended investment scheme. 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 securities.
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 BG Master Fund ICAV
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 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 - Announcement of redemption and cancellation of
shares
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