On and after March 31, 2012 and prior to December 31, 2012, YPG Holdings may, at its option, upon not less than 30 days and not more than 60 days prior written notice, subject, if required, to regulatory approvals, exchange the outstanding Series 1 Shares, in whole or in part...


On and after December 31, 2012, upon at least 30 days notice, a holder of Series 1 Shares may require YPG Holdings to redeem such Series 1 Shares for a cash price of $25.00 per Series 1 Share, together with any accrued and unpaid dividends to but excluding the date fixed for redemption. See ‘‘Details of the Offering’’.

 

(Source: prospectus series 1 page 1-2)