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Orbis Institutional Funds Limited – Amendments to the Bye-laws
HAMILTON, BERMUDA: 12 July 2017 – In a filing with the Bermuda Stock Exchange, Orbis announced that recent amendments to the Bye-laws of Orbis Institutional Funds Limited (the “Company”) will allow Members, in certain circumstances, to redeem their investment (in whole) from a particular fund of the Company during periods in which the calculation of net asset value per share is suspended. In addition, the Bye-laws have been updated to effect further limited and non-material changes.
Further details regarding the new redemption rights are set out in the Company’s prospectus which is available at www.orbis.com. A copy of the amended Bye-laws of the Company is available from Orbis Investment Management Limited.
Bermuda contact:
Orbis Investment Management Limited
Attn: Mr. Hugh Gillespie
Tel: (441) 296-3000