21st Dec 2016 15:45
Third Point Offshore Investors Ltd - Conversion of SecuritiesThird Point Offshore Investors Ltd - Conversion of Securities
PR Newswire
London, December 21
Third Point Offshore Investors Limited (the “Company”)(A closed-ended investment company incorporated in Guernsey with registration number 47161)
21 December 2016Completion of 30 November 2016 Share Conversion
Following the publication on 21 December 2016 of final month-end net asset values for 30 November 2016 the following share conversion ratios have been determined in accordance with the Articles of Incorporation of the Company for the purposes of the 30 November share conversion date:
| 1.195754 | US Dollar shares for each Sterling share |
| 0.836291 | 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 90,236 shares of no par value into 75,462 GBP 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:
USD 60,157 shares of no par value into 50,308 GBP shares
Following conversion of the relevant shares, the total number of shares in issue in each class will be as follows:
47,500,847 US Dollar shares; and 2,014,842 Sterling shares 31,667,254 US Dollar B shares; and 1,343,242 Sterling B sharesThe Share conversion took place on 21 December 2016
Enquiries:Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) LimitedFranczeska Hanford +44 148-174-5918Email: [email protected]
Related Shares:
Third Poi. $