24th Nov 2015 16:52
THIRD POINT OFFSHORE INVESTORS LIMITED - Conversion of SecuritiesTHIRD POINT OFFSHORE INVESTORS LIMITED - Conversion of Securities
PR Newswire
London, November 24
Third Point Offshore Investors Limited (the “Company”)(A closed-ended investment company incorporated in Guernsey with registration number 47161)
24th November 2015Completion of 31st October 2015 Share Conversion
Following the publication on 23rd November 2015 final month-end net asset values for 31st October 2015 the following share conversion ratios have been determined in accordance with the Articles of Association of the Company for the purposes of the 31st October share conversion date:
| 1.479922 | US Dollar shares for each Sterling share |
| 0.675711 | 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 35,000 shares of no par value into 23,649 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 23,333 shares of no par value into 15,766 GBP shares
The 23,649 new Sterling shares, being the net amount of the conversion, will be listed in accordance with the existing block listing facility.
Following conversion of the relevant shares, the total number of shares in issue in each class will be as follows:
47,723,243 US Dollar shares; and 1,821,450 Sterling shares 31,815,517 US Dollar B shares; and 1,214,312 Sterling B sharesThe Share conversion took place on 24th November
Enquiries:Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) LimitedFranczeska Hanford +44 148-174-5918Email: [email protected]
Related Shares:
Third Poi. $