Completion of Share Redemption and Strategic Cancellation
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
The Company announces the successful completion of the Rollover Option and Cash Exit connected to its managed wind-down. Terminology used in this announcement should align with the definitions provided in the shareholder circular dated 25 June 2024.
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, linked directly to the relevant Rollover Fund.
- Subsequently, all Rollover Shares received compulsory redemption and were cancelled instantaneously upon their redemption.
- The Company facilitated the transfer of assets tied to the Rollover Shares into the Rollover Funds, in exchange for shares within each respective Rollover Fund awarded to the Participating Shareholders on a NAV-for-NAV basis.
The Cash Exit on the same date involved full redemption and cancellation of all Euro Shares (except one) and all Sterling Shares held by Shareholders opting out from the Rollover Option.
The redemption amounts will be disbursed in the relevant class's currency and will reach Shareholders within 14 Business Days following the Cash Redemption Date, or as expediently thereafter.
Impact on Share Capital
Following the aforementioned share cancellation, the Company’s share capital currently stands as follows:
Current Share Capital Structure
BGHL Share Capital
- Shares Outstanding: 1
- Held in Treasury: 0
- Shares Issued: 1
- Total Number of Shares: 1
The Company expresses gratitude to its Shareholders for unwavering support throughout the years.
For further assistance, please contact:
Boussard & Gavaudan Investment Management LLP
Emmanuel Gavaudan
+44 20 3751 5389
JTC Fund Solutions (Guernsey) Limited
Secretary
+44 (0) 1481 702400
Company Legal and Regulatory Information
The Company operates as a closed-ended investment entity registered in Guernsey and is recognized by the Guernsey Financial Services Commission as an authorized closed-ended investment scheme. It holds registration with the Dutch Authority for the Financial Markets as a collective investment scheme, compliant with article 2:73 in conjunction with article 2:66 of the Dutch Financial Supervision Act. The Shares of the Company are publically traded on Euronext Amsterdam as well as being listed on the UK Listing Authority's Official List and admitted for trading on the London Stock Exchange's main market for listed securities.
Frequently Asked Questions
What is the significance of the redemption and cancellation of shares?
The redemption and cancellation of shares reflect a strategic decision to adjust the Company's capital structure, responding effectively to shareholder preferences in the wake of the managed wind-down.
When did the Rollover Option and Cash Exit occur?
The completion of the Rollover Option and Cash Exit took place on 1 November 2024, marking a significant milestone for the Company.
How will shareholders receive their redemption amounts?
Shareholders will receive their redemption amounts in the currency of the relevant share class within 14 Business Days after the Cash Redemption Date.
Who can I contact for more information regarding the Company?
Shareholders and interested parties can reach out to Emmanuel Gavaudan at Boussard & Gavaudan Investment Management LLP for further information.
What is the status of the Company’s shares?
Currently, there is one share outstanding, reflecting the adjustments made to the capital following the completion of the redemption and cancellation process.
