Boussard & Gavaudan Holding Ltd Announces Strategic Delisting
Boussard & Gavaudan Holding Limited is a closed-ended investment company incorporated with limited liability. Leveraging its unique position in the market, the Company is committed to optimizing its operations by streamlining its listing strategy.
Intent to Delist from Multiple Exchanges
This announcement reveals the Company’s intention to voluntarily delist its Euro shares (ISIN GG00B1FQG453) and Sterling Shares (ISIN GG00B39VMM07) from Euronext Amsterdam, as well as from the London Stock Exchange’s main market. This strategic step, termed Delisting, reflects the Company's focus on its future direction, aiming for effective management during its transition.
Plans for a Managed Wind-Down
The delisting is part of a broader strategy for a managed wind-down, enabling Boussard & Gavaudan Holding Ltd to concentrate resources and facilitate an organized transition. The expected date for the delisting from the London Stock Exchange and the UK Listing Authority is set for November 1, 2024, with the last trading occurring on October 29, 2024.
Impact and Benefits for Shareholders
The Euronext delisting is anticipated to take effect on October 30, 2024, also concluding with the last trading day on October 29, 2024. This move is made in the best interest of shareholders, highlighting the Company's commitment to ensuring a smooth passage for all investors through the delisting process.
Commitment to Shareholder Communication
Boussard & Gavaudan Holding Ltd is grateful for its shareholders' ongoing support throughout this phase. The Company promises to maintain transparent communication channels during this transition, ensuring that all stakeholders are well-informed regarding progress and implications of the delisting.
Contact Information for Inquiries
For those seeking further information, interested parties can contact:
Boussard & Gavaudan Investment Management LLP
Emmanuel Gavaudan
+44 20 3751 5389
JTC Fund Solutions (Guernsey) Limited
Secretary
+44 (0) 1481 702400
Understanding the Company's Current Position
As a closed-ended investment company, Boussard & Gavaudan Holding Limited has established itself firmly in Guernsey. In recent years, the Company has focused its investments in various sectors, continually assessing performance and market trends to enhance shareholder value.
Being registered with the Dutch Authority for the Financial Markets further proves the Company's compliance and dedication to adhering to regulatory standards. As the Company transitions through this delisting phase, it aims to optimize its functions while preserving the interests of its valued shareholders.
Frequently Asked Questions
What does the delisting mean for shareholders?
The delisting allows Boussard & Gavaudan Holding Ltd to focus on optimizing its operations and providing shareholders with a smoother transition process.
When will the delisting take effect?
The Euronext delisting is set for October 30, 2024, while the London Stock Exchange delisting will take place on November 1, 2024.
How can shareholders get support during this transition?
The Company will ensure all shareholders receive necessary communication and updates throughout the delisting process.
Who to contact for additional information?
Shareholders can contact Boussard & Gavaudan Investment Management LLP or JTC Fund Solutions for any inquiries regarding the delisting.
What regulatory compliance does the Company adhere to?
As a registered entity in Guernsey, the Company complies with regulations set forth by the Guernsey Financial Services Commission and the Dutch Authority for the Financial Markets.
