24th Mar 2016 14:35
THIRD POINT OFFSHORE INVESTORS LIMITED - Conversion of SecuritiesTHIRD POINT OFFSHORE INVESTORS LIMITED - Conversion of Securities
PR Newswire
London, March 24
Third Point Offshore Investors Limited (the “Company”)(A closed-ended investment company incorporated in Guernsey with registration number 47161)
24th March 2016Completion of 29th February 2016 Share Conversion
Following the publication on 18th March 2016 of final month-end net asset values for 29th February 2016 the following share conversion ratios have been determined in accordance with the Articles of Association of the Company for the purposes of the 29th February share conversion date:
| 1.334394 | US Dollar shares for each Sterling share |
| 0.749403 | 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 2,908 shares of no par value into 2,179 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:
USD 1,939 shares of no par value into 1,453 GBP shares
Following conversion of the relevant shares, the total number of shares in issue in each class will be as follows:
47,656,735 US Dollar shares; and 1,867,440 Sterling shares 31,771,178 US Dollar B shares; and 1,244,972 Sterling B sharesThe Share conversion took place on 24th March 2016.
Enquiries:Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) LimitedFranczeska Hanford +44 148-174-5918Email: [email protected]
Related Shares:
Third Poi. $