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 2010 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:
454,544 Euro Shares
33,638 Sterling Shares
Conversion ratios
+--------------------------+--------------------------+------------------------+
| The net asset values per | The spot currency | On the basis of the |
| share as at the June |conversion rates as at the| above, the conversion |
| Conversion Calculation | June Conversion | ratios are as follows: |
| Date were: | Calculation Date were: | |
+--------------------------+--------------------------+------------------------+
|Euro Shares: € 12.9124 |Euro GBP: 0.821350 |0.8742850 Sterling |
|Â |Â |Shares for every one |
| | |Euro Share |
+--------------------------+--------------------------+------------------------+
|Sterling Shares: £ 12.1306|Euro GBP: 0.821350 |1.1437920 Euro Shares |
|Â |Â |for every one Sterling |
| | |Share |
+--------------------------+--------------------------+------------------------+
Cancellation
As a result of the Conversion, the number of Euro Shares will be reduced by
416,070 shares.
As a result of the Conversion, the number of Sterling Shares will be increased
by 363,763 shares.
Results of conversion
With effect from Conversion, the issued share capital of B&G Holding was on 30
June 2010.
52,417,985 Euro Shares
1,932,277 Sterling Shares
Admission of new shares
Application has been made for:
      38,474 Euro Shares to be admitted to listing and trading on Euronext
Amsterdam,
      397,401 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 November 2010 (the "November
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.
12 July  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#1430750]
final result of conversion:
http://hugin.info/139558/R/1430750/377406.pdf
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
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