Source - PRN

Third Point Offshore Investors Limited (the “Company”)
(A closed-ended investment company incorporated in Guernsey with registration number 47161)

26 September 2016
Completion of 31st August 2016 Share Conversion

Following the publication on 21st September 2016 of final month-end net asset values for 31st August 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 August share conversion date:

1.257879 US Dollar shares for each Sterling share
0.794988 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 735 shares of no par value into 924 USD 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 490 shares of no par value into 616 USD shares

Application has been made to the Financial Conduct Authority (“FCA”) for the 924 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. The expected admission date is 30 September 2016.

Following conversion of the relevant shares, the total number of shares in issue in each class will be as follows:

  • 47,746,911 US Dollar shares; and
  • 1,808,246 Sterling shares
  • 31,831,296 US Dollar B shares; and
  • 1,205,510 Sterling B shares

The Share conversion took place on 26 September 2016.

Enquiries:
Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Franczeska Hanford     +44 148-174-5918
Email:      [email protected]

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