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 November 2011 conversion calculation date (the " November Conversion Calculation Date").
Conversion requests
The aggregate number of shares for which conversion request forms were received for the November Conversion Calculation Date was:
2,157 Euro Shares
437,821 Sterling Shares
Conversion ratios
| The net asset values per share as at the November Conversion Calculation Date were: | The spot currency conversion rates as at the November Conversion Calculation Date were: | On the basis of the above, the conversion ratios are as follows: |
| Euro Shares: € 13.4944 | Euro GBP: 0.856210 | 0.9406450 Sterling Shares for every one Euro Share |
| Sterling Shares: £ 12.2831 | Euro GBP: 0.856210 | 1.0631000 Euro Shares for every one Sterling Share |
As a result of the Conversion, the number of Euro Shares will be increased by 463,290 shares.
As a result of the Conversion, the number of Sterling Shares will be reduced by 435,793 shares.
Results of conversion
With effect from Conversion, the issued share capital of B&G Holding was on 30 November 2011.
42,280,977 Euro Shares
1,496,750 Sterling Shares
Next conversion
The next conversion calculation date will be 30 November 2012 (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.
14 December 2011
B&G Asset Management +44 20 7514 0700
Emmanuel Gavaudan (London) +44 20 7514 0707
Manuel Kalbreier (London) +44 20 7514 0725
