22nd Dec 2015 16:08
THIRD POINT OFFSHORE INVESTORS LIMITED - Conversion of SecuritiesTHIRD POINT OFFSHORE INVESTORS LIMITED - Conversion of Securities
PR Newswire
London, December 22
Third Point Offshore Investors Limited (the “Company”)(A closed-ended investment company incorporated in Guernsey with registration number 47161)
22nd December 2015Completion of 30th November 2015 Share Conversion
Following the publication on 18th December 2015 final month-end net asset values for 30th November 2015 the following share conversion ratios have been determined in accordance with the Articles of Association of the Company for the purposes of the 30th November share conversion date:
| 1.446366 | US Dollar shares for each Sterling share |
| 0.691387 | 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:
GBP 1,710 shares of no par value into 2,472 USD shares
USD 69,882 share of no par value into 48,315 GBP shares
The Company’s Articles of Association 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:
GBP 1,140 shares of no par value into 1,648 USD shares
USD 46,588 shares of no par value into 32,210 GBP shares
Following conversion of the relevant shares, the total number of shares in issue in each class will be as follows:
47,655,833 US Dollar shares; and 1,868,055 Sterling shares 31,770,577 US Dollar B shares; and 1,245,382 Sterling B sharesThe Share conversion took place on 22nd December
Enquiries:Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) LimitedFranczeska Hanford +44 148-174-5918Email: [email protected]
Related Shares:
Third Poi. $