24th Aug 2016 15:55
THIRD POINT OFFSHORE INVESTORS LIMITED - Conversion of SecuritiesTHIRD POINT OFFSHORE INVESTORS LIMITED - Conversion of Securities
PR Newswire
London, August 24
Third Point Offshore Investors Limited (the “Company”)(A closed-ended investment company incorporated in Guernsey with registration number 47161)
24th August 2016Completion of 31st July 2016 Share Conversion
Following the publication on 23rd August 2016 of final month-end net asset values for 31st July 2016 the following share conversion ratios have been determined in accordance with the Articles of Association of the Company for the purposes of the 31st July share conversion date:
| 1.268112 | US Dollar shares for each Sterling share |
| 0.788573 | 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 25,357 shares of no par value into 32,154 USD shares
USD 117,531 shares of no par value into 92,681 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 16,905 shares of no par value into 21,437 USD shares
USD 78,354 shares of no par value into 61,787 GBP shares
Following conversion of the relevant shares, the total number of shares in issue in each class will be as follows:
47,745,987 US Dollar shares; and 1,808,981 Sterling shares 31,830,680 US Dollar B shares; and 1,206,000 Sterling B sharesThe Share conversion took place on 24th August
Enquiries:Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) LimitedFranczeska Hanford +44 148-174-5918Email: [email protected]
Related Shares:
Third Poi. $