Third Point Offshore Redemption of Shares

 
TIDMTPOG TIDMTPOU 
 
Third Point Offshore Investors Limited 
 (a closed-ended investment company incorporated in Guernsey with registration 
                                 number 47161) 
           LEI Number: 549300WXTCG65AQ7V644 Renewal Date- 20/12/2018 
                          (The "Company" or "TPOIL") 
 
5 SEPTEMBER 2018 
 
                             REDEMPTION OF SHARES 
 
Further to the Extraordinary General Meeting of the Company held on 31 August 
2018, the Board of Third Point Offshore Investors is pleased to announce that 
the Company has redeemed 2,500,000 shares held by Third Point Offshore Fund, 
Ltd. (the "Master Fund"). The shares redeemed represent 5.0% of the Company's 
outstanding shares. 
 
The shares were redeemed at $15.80 per share. The redemption of the shares held 
by the Master Fund is expected to result in an estimated increase in the 
Company's NAV per share of approximately 19 cents. The effect of the redemption 
of the shares will be reflected in the Company's NAV per share as at 31 August 
2018. 
 
Following the redemption of the shares, the Company's issued share capital 
consists of the following: 
 
  * 47,504,787 US Dollar Ordinary Shares with one voting right per share. 
  * 31,669,953 US Dollar B Shares with one voting right per share and no rights 
    to distribution of profits 
 
The total number of voting rights in the Company is therefore 79,174,740. 
 
As announced on 2 May 2018, the Board intends, dependent on the Master Fund's 
performance, to redeem the remaining TPOIL shares held by the Master Fund in 
2019 or, if necessary, thereafter.  Furthermore, the Board has received an 
undertaking from the Master Fund that it will not dispose of any TPOIL shares 
it holds while awaiting cancellation unless any such disposal is priced at or 
above the Company's prevailing NAV per share. The Board will separately 
continue to monitor the Company's rating following the proposed Premium Listing 
and may, at its discretion, engage opportunistically in future share 
repurchases by causing the Company to purchase such shares in the open market 
and cancel them upon such purchase. 
 
Enquiries: 
 
Company Website: www.thirdpointoffshore.com 
 
Northern Trust International Fund Administration Services (Guernsey) Limited 
The Company Secretary 
Trafalgar Court 
Les Banques 
St Peter Port 
Guernsey 
GY1 3QL 
Tel:        [phone] 
END 
 
 
 
END 
 

(END) Dow Jones Newswires

September 05, 2018 12:18 ET (16:18 GMT)