Notice of AGM

30 June, 2020

Dear Shareholder

BOUSSARD & GAVAUDAN HOLDING LIMITED (the “Company”)
NOTICE OF ANNUAL GENERAL MEETING

Introduction

Please find enclosed a notice (the “Notice”) of the Company’s next annual general meeting (the “AGM”), to be held at the registered office of the Company on Wednesday, 29 July, 2020 at 9.30 a.m. to consider and, if thought fit, pass the resolutions specified in the Notice.

The purpose of this letter is to provide you with details as to the procedure to be followed in respect of this year’s AGM, to explain the proposed resolutions and to set out the reasons why the directors are recommending that you vote in favour of all resolutions to be proposed at the AGM.  A copy of this letter and the Notice will also be posted shortly to the Company’s website, www.bgholdingltd.com.

Procedure at the AGMs

Proceeding at the AGM - COVID-19

The Board has considered how best to deal with the potential impact of the COVID-19 pandemic (the “Pandemic”) on arrangements for the AGM. The Company is required by law to hold an AGM, but the Company is concerned for the safety and wellbeing of its shareholders and other attendees. In addition, measures taken by States of Guernsey in response to the Pandemic mean that attendance at the AGM by shareholders who are not residents of Guernsey is not reasonably practicable.  Of those measures, the most relevant to the AGM is the legal requirement that anyone arriving in Guernsey from anywhere in the world including, for the avoidance of doubt, the United Kingdom, will be required to self-isolate for 14 days upon their arrival.  Failure to comply with that requirement is a criminal offence.  Any shareholder wishing to attend the AGM will need to be prepared to self-isolate for a minimum of 14 days in advance of the AGM to enable their attendance.

Given these unprecedented circumstances, the Company has decided that it will conduct only the statutory, formal business to meet the minimum legal requirements to comply with applicable law and regulation and to enable the Company to continue to function effectively. There will be no opportunity to interact with the directors. 

However, the Board considers it important that all shareholders have the opportunity to make their views known and to exercise their voting rights at the AGM.  The Company strongly encourages all shareholders to exercise their votes in respect of the meeting in advance and to submit any questions they may have to the Secretary, whose contact details are listed below in the section headed “Action to be taken by Shareholders”. Voting by proxy will ensure that your votes are registered.