Boussard & Gavaudan Share Repurchase Programme

 
TIDMBGHL 
 
 
 
   Boussard & Gavaudan Holding Limited 
 
   a closed-ended investment company incorporated with limited liability 
 
   under the laws of Guernsey with registration number 45582 
 
   (the "Company") 
 
   Legal Entity Identifier: 5493002XNM3W9D6DF327 
 
   Share Repurchase Programme 
 
   Following the completion of the Offer made pursuant to the circular 
dated 8 October 2019 (the "Circular"), the Company is pleased to 
announce further details of its share repurchase programme. 
 
   In line with the intentions stated in the Circular to repurchase up to 
14.99 per cent. of the total issued share capital per annum (based on 
the 8% authorisation given by the shareholders on the AGM dated 28 May 
2019 and as a result of the total issued share capital reduction), the 
Company intends to make monthly redemption requests to BG Fund in order 
to provide the necessary funds to repurchase approximately 1.0 per cent. 
to 1.5 per cent. of its issued share capital each month. 
 
   The implementation of the share repurchase programme is at the 
discretion of the Board and the level of repurchases each month may 
differ from the amounts set out in this announcement, subject to the 
demand for and rating of the Company's shares and the prevailing market 
conditions. 
 
   The Company has made an initial redemption request to BG Fund and 
expects to be in a position to commence the share repurchase programme 
during December 2019. 
 
   08 November 2019 
 
   For further information, please contact: 
 
   Boussard & Gavaudan Investment Management LLP 
 
   Emmanuel Gavaudan (London) 
 
   [phone] 
 
   Francois Xavier Baud (London) 
 
   [phone] 
 
   Winterflood Securities Limited 
 
   Neil Langford 
 
   [phone] 
 
   The Company is established as a closed-ended investment company 
domiciled in Guernsey. The Company has received the necessary approval 
of the Guernsey Financial Services Commission and the States of Guernsey 
Policy Council. The Company is registered with the Dutch Authority for 
the Financial Markets as a collective investment scheme pursuant to 
article 2:73 in conjunction with 2:66 of the Dutch Financial Supervision 
Act (Wet op het financieel toezicht). The shares of the Company (the 
"Shares") are listed on Euronext Amsterdam. The Shares are also listed 
on the Official List of the UK Listing Authority and admitted to trading 
on the London Stock Exchange plc's main market for listed securities. 
 
   This is not an offer to sell or a solicitation of any offer to buy any 
securities in the United States or in any other jurisdiction. This 
announcement is not intended to and does not constitute, or form part of, 
any offer or invitation to purchase any securities or the solicitation 
of any vote or approval in any jurisdiction, nor shall there be any sale, 
issuance or transfer of the securities referred to in this announcement 
in any jurisdiction in contravention of applicable law. 
 
   Neither the Company nor BG Fund (a sub-fund of BG Umbrella Fund Plc) 
has been, and neither will be, registered under the US Investment 
Company Act of 1940, as amended (the "Investment Company Act"). In 
addition the securities referenced in this announcement have not been 
and will not be registered under the US Securities Act of 1933, as 
amended (the "Securities Act"). Consequently any such securities may not 
be offered, sold or otherwise transferred within the United States or to, 
or for the account or benefit of, US persons except in accordance with 
the Securities Act or an exemption therefrom and under circumstances 
which will not require the issuer of such securities to register under 
the Investment Company Act. No public offering of any securities will be 
made in the United States. 
 
   You should always bear in mind that: 
 
 
   -- all investment is subject to risk; 
 
   -- results in the past are no guarantee of future results; 
 
   -- the investment performance of the Company may go down as well as up. You 
      may not get back all of your original investment; and 
 
   -- if you are in any doubt about the contents of this communication or if 
      you consider making an investment decision, you are advised to seek 
      expert financial advice. 
 
 
   This communication is for information purposes only and the information 
contained in this communication should not be relied upon as a 
substitute for financial or other professional advice 
 
   Attachment 
 
 
   -- BGHL Share Repurchase Programme announcement final 
      https://ml-eu.globenewswire.com/Resource/Download/a7e9df5b-1979-4ffb-b179-6f11b4779d6f 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

November 08, 2019 11:55 ET (16:55 GMT)

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