Boussard & Gavaudan Holding Limited
a closed-ended investment company incorporated with limited liability
under the laws of Guernsey with registration number 45582
BGHL 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 June 2009.
The period during which shareholders may convert their shares from
one class to the other ends on 23 June 2009 at 5 pm London time.
Shareholders wishing to participate must ensure that their request
has reached their custodian before that date.
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 June 2009. 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 June 2009. Their custodian bank has to arrange an
effective delivery of the underlying euro shares within 3 business
days to Kempen & Co N.V. (ENL account 183 ISS2) after 23 June 2009.
Euro shareholders may obtain a copy of the conversion request form
from the Company's website:
For a copy of the conversion request form, euro shareholders may also
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.
5 June 2009
For further information, please contact:
B&G Asset Management +44 20 7514 0700
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
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
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.