Final Result of Conversion

Monday, 19. October 2009 19:01
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 September 2009 conversion
calculation date (the " September Conversion Calculation Date").

Conversion requests

The aggregate number of shares for which conversion request forms
were received for the September Conversion Calculation Date was:

25,000 Euro Shares
24,548 Sterling Shares

Conversion ratios

| The net asset values | The spot currency | On the basis of |
| per share as at the | conversion rates as at | the above, the |
| September Conversion | the September | conversion ratios |
| Calculation Date | Conversion Calculation | are as follows: |
| were: | Date were: | |
| Euro Shares: ¤ | | 0.9567560 |
| 12.0779 | Euro GBP: 0.91436 | Sterling Shares |
| | | for every one |
| | | Euro Share |
| Sterling Shares: £ | | 1.0451980 Euro |
| 11.5427 | Euro GBP: 0.91436 | Shares for every |
| | | one Sterling |
| | | Share |


As a result of the Conversion, the number of Euro Shares will be
increased by 657 shares.
As a result of the Conversion, the number of Sterling Shares will be
reduced by 630 shares.

Results of conversion

With effect from Conversion, the issued share capital of B&G Holding
was on 30 September 2009.

60,347,836 Euro Shares
1,688,474 Sterling Shares

Admission of new shares

Application has been made for:
25,657 Euro Shares to be admitted to listing and trading on Euronext
23,918 Sterling Shares to be admitted to the Official List of the UK
Listing Authority and to trading on the London Stock Exchange plc's
main market for listed securities.

Next conversion

The next conversion calculation date will be 31 December 2009 (the
"December Conversion Calculation Date"). Shareholders wishing to
convert between share classes should complete the appropriate
conversion request form, which is available from the Company's

19 October 2009

B&G Asset Management +44
20 7514 0700
Emmanuel Gavaudan

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
Company is listed on Euronext Amsterdam and on the London Stock
Exchange ("LSE").

This announcement is for information purposes only and is not an
offer to invest. All investments are subject to risk. Past
performance is no guarantee of future returns. Prospective investors
are advised to seek expert legal, financial, tax and other
professional advice before making any investment decision. The value
of investments may fluctuate. Results achieved in the past are no
guarantee of future results.

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 Sark Fund Limited have 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 ill 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.

This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.

View document
Related Links: 
Copyright GlobeNewswire, Inc. 2016. All rights reserved.
You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account.