Bluegreen Vacations amends tender offer to increase price to $25 per share

Bluegreen Vacations Holding Corporation announced that it has amended its previously announced tender offer to purchase up to 4,500,000 shares of its Class A Common Stock to increase the offer price from $22.17 per share in cash to $25.00 per share in cash, in each case, less applicable holding taxes and without interest. The new offer price of $25.00 per share represents a 46.6% premium over the closing share price of the Company’s Class A Common Stock of $17.05 on November 2, 2022, the last trading day prior to the Company’s announcement of its intention to commence the tender offer. In connection with the amendment, the Company has extended the expiration time of the tender offer from 5:00 p.m., Eastern time, on Friday, December 9, 2022 until 5:00 p.m., Eastern time, on Friday, December 23, 2022. Based on information provided by American Stock Transfer & Trust Company, LLC, the depositary for the tender offer, as of 5:00 p.m., Eastern time, on December 9, 2022, which was the previous expiration time of the tender offer, 1,895,853 shares had been tendered for purchase in the tender offer. Shareholders who have validly tendered and not withdrawn their shares do not need to re-tender their shares or take any other action in connection with the amendment and extension of the tender offer, and they will receive the increased purchase price for their shares if the tender offer is completed and those shares are not withdrawn prior to the new expiration time.