28th Apr 2017 10:03
Third Point Offshore Investors Ltd - Conversion of SecuritiesThird Point Offshore Investors Ltd - Conversion of Securities
PR Newswire
London, April 28
Third Point Offshore Investors Limited (the “Company”)(A closed-ended investment company incorporated in Guernsey with registration number 47161)
28th April 2017Completion of 31st March 2017 Share Conversion
Following the publication on 26th April 2017 of final month-end net asset values for 31st March 2017 the following share conversion ratios have been determined in accordance with the Articles of Incorporation of the Company for the purposes of the 31st March share conversion date:
| 1.197274 | US Dollar shares for each Sterling share |
| 0.835230 | Sterling shares for each US Dollar share |
On the basis of aggregate applications received and using the conversion ratios listed above, the following shares will be converted:
USD 30,000 shares of no par value into 25,056 GBP shares
The Company’s Articles of Incorporation provide that whenever a number of shares is converted from one currency class to another, a corresponding number of unlisted B shares shall be converted so as to maintain the set ratio of B shares to ordinary shares. On this basis, the following B shares will be converted:
USD 20,000 shares of no par value into 16,704 GBP shares
Following conversion of the relevant shares, the total number of shares in issue in each class will be as follows:
47,506,985 US Dollar shares; and 2,009,410 Sterling shares 31,671,345 US Dollar B shares; and 1,339,620 Sterling B sharesThe Share conversion took place on 27th April 2017
Enquiries:Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) LimitedFranczeska Hanford +44 148-174-5918Email: [email protected]
Related Shares:
Third Poi. $