Understanding the Cash Exit Ordinance by Boussard & Gavaudan
Boussard & Gavaudan Holding Limited is a closed-ended investment company incorporated with limited liability and governed by Guernsey laws. This investment vehicle operates under registration number 45582 and is recognized by its Legal Entity Identifier: 5493002XNM3W9D6DF327.
Announcement of Cash Exit
The Company has announced the particulars of the compulsory redemption of shares pursuant to its Cash Exit initiative outlined in the circular to shareholders. The specifics regarding this Cash Exit are set to take place on November 1, 2024. Shareholders can refer to the detailed circular for comprehensive information regarding the timeline and procedures.
Redemption Price and Calculations
The redemption price payable to shareholders participating in the Cash Exit will be equivalent to the net asset value (NAV) per share of the respective classes following the conclusion of the business day on the Calculation Date of October 31, 2024. Payments for the redemption will be distributed in the associated currencies within 14 business days following the Cash Redemption Date, or as soon as practically achievable.
Net Asset Value Updates
On a daily basis, the Company provides updates on its website regarding the estimated net asset value of its Euro and Sterling Shares as of the preceding business day. This information serves to keep shareholders informed about the financial standing and movement of their investments.
Projected Redemption Values
Assuming the net asset values per share as calculated on October 31, 2024, align with the latest estimates, shareholders holding Euro Shares (ISIN: GG00B1FQG453) could expect a redemption price of approximately €28.4353, while holders of Sterling Shares (ISIN: GG00B39VMM07) may receive around £25.5630. It is crucial to note that these figures serve as hypothetical examples only and should not be perceived as indicative or binding commitments.
Contact Information for Shareholders
For any inquiries or additional information, shareholders can contact:
Boussard & Gavaudan Investment Management LLP
Emmanuel Gavaudan
+44 20 3751 5389
JTC Fund Solutions (Guernsey) Limited
Secretary
+44 (0) 1481 702400
Company Overview
Boussard & Gavaudan Holding Limited operates as a closed-ended investment company and has secured authorization from the Guernsey Financial Services Commission as an authorized closed-ended investment scheme. The Company’s shares are traded on Euronext Amsterdam and are also listed on the UK Listing Authority’s Official List, further enhancing its visibility in the financial market.
Investment Risks
Investors should remain mindful of the inherent risks associated with investment activities. It is imperative to acknowledge that past performance does not guarantee future returns. As such, the investment value of Boussard & Gavaudan Holding may fluctuate, and shareholders might not recuperate their initial investments in full.
Frequently Asked Questions
What is the Cash Exit Process for Boussard & Gavaudan Holding?
The Cash Exit process involves compulsory redemption of shares scheduled for November 1, 2024, as detailed in the circular sent to shareholders.
How is the redemption price calculated?
The redemption price corresponds to the net asset value (NAV) per share on the Calculation Date of October 31, 2024.
When can shareholders expect payment?
Payments are expected within 14 business days following the Cash Redemption Date or as soon as practicable thereafter.
Where can I find the latest net asset values for the shares?
Daily updates on net asset values for Euro and Sterling Shares are available on the Company’s official website.
How can I get more information about my investment?
For further inquiries, shareholders should contact Boussard & Gavaudan Investment Management LLP or JTC Fund Solutions (Guernsey) Limited.
