Overview of Boussard & Gavaudan Holding Limited
Boussard & Gavaudan Holding Limited is recognized as a closed-ended investment company, adhering to the regulations set forth under Guernsey law. This company operates under registration number 45582 and has been allocated a Legal Entity Identifier of 5493002XNM3W9D6DF327.
Details of the Cash Exit Announcement
The company has shared important particulars regarding the compulsory redemption of shares as part of its cash exit plan. Following the circular issued to shareholders, the details reveal a scheduled redemption on a defined date.
Redemption Schedule and Process
The Company plans to execute the compulsory share redemption as per the cash exit plan set for a specific date. Shareholders are encouraged to refer to the circular for comprehensive information about the schedule, including the specific timetable for the redemption process and how distributions will be made.
Calculation of Redemption Price
The amount payable to each shareholder during the cash exit phase will equate to the net asset value (NAV) per share for the relevant class at the close of business on the calculation date, which is set to occur at a future close. This figure is essential as it determines the financial outcome for shareholders during the redemption process.
Asset Values and Redemption Figures
On every business day, the firm updates its website with the estimated net asset values of its Euro and Sterling Shares based on the preceding business day. Such transparency ensures that shareholders are informed of the latest figures, which assist them in making informed decisions regarding their investments.
Hypothetical Redemption Prices
For example, in a scenario where the net asset values per share align with recent estimates, the redemption price per share would hypothetically be set at €28.4353 for Euro Shares and £25.5630 for Sterling Shares. However, it is crucial to note that these figures are indicative and not binding or guaranteed. The actual redemption price will be determined on the calculation date, which may differ significantly from this estimate.
Investor Contact Information
Should you require further queries or need additional insight about the Cash Exit process, shareholders can reach out to:
- Boussard & Gavaudan Investment Management LLP
Emmanuel Gavaudan
Tel: +44 20 3751 5389 - JTC Fund Solutions (Guernsey) Limited
Secretary
Tel: +44 (0) 1481 702400
Essential Information about the Company
Boussard & Gavaudan Holding Limited is not only registered in Guernsey but also authorized by the Guernsey Financial Services Commission. This recognition as an authorized closed-ended investment scheme adds credibility to its operations. Furthermore, the shares of the company are traded on several markets, including Euronext Amsterdam and the London Stock Exchange's main market.
Investment Risks and Considerations
Investing in such financial entities entails numerous risks, including the potential for loss. Investors should consider historical performance as not indicative of future results, remain conscious of the market volatility, and assess their investment strategies accordingly. Seeking expert financial advice is prudent for making appropriate investment decisions.
Frequently Asked Questions
What is a Cash Exit Process?
The Cash Exit process allows shareholders to redeem their shares at a specified redemption price, typically aligned with the net asset value of the shares.
When will the redemption take place?
The redemption is scheduled for a specific date, with procedures outlined in the shareholder circular.
How is the redemption price calculated?
The redemption price is based on the net asset value per share at the close of a designated calculation date.
Whom should I contact for more information?
Shareholders can contact Emmanuel Gavaudan or the Secretary at JTC Fund Solutions for inquiries regarding the Cash Exit.
Where can I find ongoing updates about the fund value?
Regular updates on the estimated net asset values are posted on the company's website, providing shareholders with current information regarding their investments.
