27th Jul 2016 16:55
THIRD POINT OFFSHORE INVESTORS LIMITED - Conversion of SecuritiesTHIRD POINT OFFSHORE INVESTORS LIMITED - Conversion of Securities
PR Newswire
London, July 27
Third Point Offshore Investors Limited (the “Company”)(A closed-ended investment company incorporated in Guernsey with registration number 47161)
27th July 2016
Completion of 30th June 2016 Share Conversion
Following the publication on 25th July 2016 of final month-end net asset values for 30th June 2016 the following share conversion ratios have been determined in accordance with the Articles of Association of the Company for the purposes of the 30th June share conversion date:
| 1.269331 | US Dollar shares for each Sterling share |
| 0.787816 | 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 266 shares of no par value into 337 USD shares
USD 600 shares of no par value into 472 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 177 shares of no par value into 225 USD shares
USD 400 shares of no par value into 315 GBP shares
Following conversion of the relevant shares, the total number of shares in issue in each class will be as follows:
47,831,364 US Dollar shares; and 1,741,657 Sterling shares 31,887,597 US Dollar B shares; and 1,161,118 Sterling B sharesThe Share conversion took place on 27th July
Enquiries:Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) LimitedFranczeska Hanford +44 148-174-5918Email: [email protected]
Related Shares:
Third Poi. $