Third Point Offshore Investors Ltd Notice of EGM and NMPI update (0099A)
13 Febrero 2014 - 3:59AM
UK Regulatory
TIDMTPOU TIDMTPOE TIDMTPOG
RNS Number : 0099A
Third Point Offshore Investors Ltd
13 February 2014
Third Point Offshore Investors Limited (the "Company")
(a closed-ended investment company incorporated with limited
liability under the laws of Guernsey with registered number
47161)
Non-Mainstream Pooled Investments and Notice of Extraordinary
General Meeting
13 February 2014
The Company notes the introduction of the Financial Conduct
Authority's ("FCA") rules relating to the restrictions on the
retail distribution of unregulated collective investment schemes
and close substitutes which came into effect on 1 January 2014 (the
"Non-Mainstream Pooled Investment Marketing Restrictions"). The
effect of the Non-Mainstream Pooled Investment Marketing
Restrictions is that so-called "non-mainstream pooled investments"
cannot be recommended by independent financial advisers to ordinary
UK retail investors.
The Company's Shares will be excluded from the FCA's definition
of "non-mainstream pooled investment" and will therefore be outside
the scope of the Non-Mainstream Pooled Investment Marketing
Restrictions if the Company would qualify for approval as an
investment trust if it were resident in the United Kingdom. The
Company has taken advice on the conditions which would need to be
met in order for it to so qualify and, subject to a minor amendment
to the Company's Articles of Incorporation ("Articles"), considers
these conditions to be satisfied.
The Company therefore proposes to shareholders that they approve
such minor amendment to its Articles so as to enable the Company's
Shares to continue to be recommended by independent financial
advisers to ordinary UK retail investors (the "Proposal"). The
Board of Directors believes that adoption of the changes outlined
in the Proposal will aid in its continued efforts to maintaining
the liquidity profile and the general marketability of the
Company"s Shares.
A circular setting out the Proposal, which includes notice of an
Extraordinary General Meeting for the approval of the Proposal (the
"EGM"), will be sent to shareholders shortly and the EGM will be
held at 10.30am on Wednesday 12 March 2014.
A copy of the circular will be submitted to the National Storage
Mechanism and will shortly be available for inspection at:
www.morningstar.co.uk/uk/NSMand will also be made available on the
Company's website (www.thirdpointpublic.com).
Enquiries:
Company website: www.thirdpointpublic.com
Andrew Maiden
Northern Trust International Fund Administration Services
(Guernsey) Limited
Tel: +44 (0) 1481 745368
Email: ARM7@ntrs.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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