Bluegreen Vacations Holding Corporation Announces Intention to Commence a Cash Tender Offer for its Class A Common Stock

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Nov 03, 2022

Bluegreen Vacations Holding Corporation (NYSE: BVH) (OTCQX: BVHBB) (the “Company”) announced today that it intends to commence a cash tender offer to purchase up to 4,500,000 shares of its Class A Common Stock at a purchase price of $22.17 per share, a 30% premium over the closing share price of the Company’s Class A Common Stock of $17.05 on November 2, 2022. If the tender offer is commenced and completed, the total purchase price for the shares proposed to be purchased would be $99,765,000. If more than 4,500,000 shares are tendered in the tender offer, then, subject to the terms and conditions of the tender offer, the Company will purchase shares from shareholders who properly tender shares on a pro rata basis based on the aggregate number of shares tendered.