26th Mar 2018 16:52
Third Point Offshore Investors Ltd - Conversion of SecuritiesThird Point Offshore Investors Ltd - Conversion of Securities
PR Newswire
London, March 26
Third Point Offshore Investors Limited (the “Company”)(A closed-ended investment company incorporated in Guernsey with registration number 47161)
LEI: 549300WXTCG65AQ7V644
26th March 2018Completion of 28th February 2018 Share Conversion
(Classified Regulated Information, under DTR 6 Annex 1 section 2.3)
Following the publication on 22nd March 2018 of final month-end net asset values for
28th February 2018 the following share conversion ratios have been determined in accordance with the Articles of Incorporation of the Company for the purposes of the 28th February 2018 share conversion date:
| 1.300755 | US Dollar shares for each Sterling share |
| 0.768784 | 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 22,314 shares of no par value into 17,154 GBP shares
GBP 77,501 shares of no par value into 100,809 USD 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:
51,667 Sterling B shares of no par value into 67,206 US Dollar shares
14,876 US Dollar B shares of no par value into 11,436 Sterling B shares
Following conversion of the relevant shares, the total number of shares in issue in each class will be as follows:
47,441,933 US Dollar shares; and 2,062,770 Sterling shares 31,627,975 US Dollar B shares; and 1,375,195 Sterling B sharesApplication has been made to the Financial Conduct Authority (“FCA”) for the 100,809 new US Dollar shares to be admitted to the Official List of the UK Listing Authority and admitted to trading on the London Stock Exchange’s main market for listed securities on or around 29 March 2018
The Share conversion took place on 26th March 2018
Enquiries:Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) LimitedFranczeska Hanford +44 148-174-5918Email: [email protected]
Related Shares:
Third Poi. $