REG - Ocean Wilsons Hldgs - Q3 2025 Business Update

Ocean Wilsons HoldingsAnnouncement

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RNS Number : 3930G  Ocean Wilsons Holdings Ltd  06 November 2025

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION.

 

FOR IMMEDIATE RELEASE

 

6 November 2025

 

Ocean Wilsons Holdings Limited

 

("Ocean Wilsons" or the "Company")

 

Q3 2025 Business Update

 

Investment portfolio returned 4.9% for the third quarter (10.2% year-to-date)

 

 

Ocean Wilsons Holdings Limited (LSE: OCN) today provides an update on Q3 2025
net asset value ("NAV") performance.

NAV performance

As at market close on 30 September 2025, the Company's implied NAV was
US$812.4 million (£604.0 million) equating to an implied NAV per Ocean
Wilsons share of US$28.72 (£21.35).  The Company's investment portfolio was
valued at US$355.5 million, which represents US$12.57 (£9.34) per Ocean
Wilsons share, with the balance of US$456.9 million held in cash, reflecting
the proceeds from the Wilson Sons disposal.

Ocean Wilsons' investment portfolio returned 4.9% in dollar terms for the
third quarter, resulting in a year-to-date gross performance of 10.2%. This
performance results from the Company's disciplined, long-term investment
strategy, which has continued to deliver attractive returns in a period marked
by ongoing macroeconomic uncertainty, shifting interest rate expectations, and
geopolitical challenges. The portfolio's resilience and diversified
positioning provide a strong foundation for the Company to capture future
opportunities while protecting shareholder value.

Investment Manager - Market Outlook

The recent surge in AI-related markets has raised questions about potential
bubble dynamics. We believe conditions have not yet reached bubble territory
and that markets may continue to advance in the near term. Against this
backdrop, maintaining diversification across geographies, asset classes, and
investment styles remains central to prudent portfolio management. This
long-term, balanced approach positions the portfolio to capture growth
opportunities while mitigating concentration and macroeconomic risks.

Corporate Update

During the quarter the Company returned £109.1 million to shareholders
through its tender offer, completed on 23 July.  Subsequently, on 28 July,
the Company announced a recommended all-share combination with Hansa
Investment Company Limited (the 'Combination') to be effected by means of a
court-sanctioned scheme of arrangement of the Company (the 'Scheme'). On 12
September the Company announced that the requisite majority of shareholders
had voted in favour of the Scheme and that the Scheme remained subject to,
among other things, the sanction of the Scheme by the Supreme Court of Bermuda
(the 'Court') at a hearing (the 'Court Sanction Hearing'). On 23 September the
Company announced that the Court Sanction Hearing had been adjourned until 30
October to afford Arnhold LLC, a minority shareholder holding approximately 3%
of the issued share capital of the Company, additional time to present its
objection to the sanctioning of the Scheme by the Court.

On 4 November, the Company announced that the Court Sanction Hearing had
concluded on 3 November and that the Court had confirmed its intention to hand
down judgment as to the sanctioning of the Scheme as soon as possible. The
Company will make further announcements in due course as appropriate.

 

 

ENDS

 

 

About Ocean Wilsons

 

Ocean Wilsons is a Bermuda investment holding company listed on both the
London Stock Exchange and the Bermuda Stock Exchange. Ocean Wilsons' active
business comprises Ocean Wilsons (Investments) Limited, an entity that holds
an actively managed diversified portfolio of international investments.

 

LEI: 213800U1K395G8PK4I21

 

FOR FURTHER INFORMATION PLEASE CONTACT:

 

 Ocean Wilsons Holdings Limited                                 +1 (441) 295 1309
 Leslie Rans

 Peel Hunt LLP - Financial adviser and broker to Ocean Wilsons  +44 (0) 20 7418 8900
 Edward Allsopp
 Charles Batten
 Tom Graham

 FTI Consulting - PR adviser to Ocean Wilsons                   +44 (0) 20 3727 1000
 Edward Berry                                                   oceanwilsons@fticonsulting.com (mailto:oceanwilsons@fticonsulting.com)
 Alex Le May
 Alexander Davis

 

 

Important Notices

 

Peel Hunt LLP ("Peel Hunt"), which is authorised and regulated in the United
Kingdom by the FCA, is  acting exclusively as financial adviser and broker to
Ocean Wilsons and for no one else in connection with the matters referred to
in this announcement and will not be responsible to any person other than
Ocean Wilsons for providing the protections afforded to clients of Peel Hunt,
nor for providing advice in relation to the matters referred to herein.
Neither Peel Hunt nor any of its affiliates owes or accepts any duty,
liability or responsibility whatsoever (whether direct or indirect, whether in
contract, in tort, under statute or otherwise) to any person who is not a
client of Peel Hunt in connection with the matters referred to in this
announcement, or otherwise.

 

Further Information regarding the Combination

The Combination will be implemented solely pursuant to the terms of the
circular in relation to the Scheme published by the Company on 14 August 2025
(the "Scheme Document"). Capitalised terms used in the paragraphs below shall,
unless otherwise defined, have the same meaning as set out in the Scheme
Document.

This announcement is for information purposes only. It is not intended to and
does not constitute, or form part of, an offer, invitation or the solicitation
of an offer or invitation to purchase, otherwise acquire, subscribe for,
exchange, sell or otherwise dispose of any securities, or the solicitation of
any vote or approval in any jurisdiction, pursuant to the Combination or
otherwise nor will there be any sale, issuance, exchange or transfer of
securities of Hansa or Ocean Wilsons pursuant to the Combination or otherwise
in any jurisdiction in contravention of applicable law.

This announcement has been prepared for the purpose of complying with
Bermudian and English law, the Market Abuse Regulation and the UK Listing
Rules and the information disclosed may not be the same as that which would
have been disclosed if this announcement had been prepared in accordance with
the laws of jurisdictions outside the United Kingdom and Bermuda.

The Combination is subject to the jurisdiction of the Court and the applicable
requirements of the London Stock Exchange, the Bermuda Stock Exchange and the
FCA.

This announcement does not constitute a prospectus or prospectus exemption
document for the purposes of Article 1(4) or (5) of the UK Prospectus
Regulation.

Forward-Looking Statements

This announcement and other information to be published by Ocean Wilsons, may
include statements that are, or may be deemed to be, "forward-looking
statements". These forward-looking statements may be identified by the use of
forward-looking terminology, including the terms "believes", "estimates",
"plans", "projects", "anticipates", "expects", "intends", "may", "will" or
"should" or, in each case, their negative or other variations or comparable
terminology, or by discussions of strategy, plans, objectives, goals, future
events or intentions. Forward-looking statements may and often do differ
materially from actual results. Any forward-looking statements reflect Ocean
Wilsons' current views with respect to future events and are subject to risks
relating to future events and other risks, uncertainties and assumptions
relating to Ocean Wilsons' businesses, results of operations, financial
position, liquidity, prospects, growth and strategies. Forward-looking
statements speak only as of the date they are made.

Neither Ocean Wilsons, nor any of its associates or directors, officers or
advisers, provides any representation, assurance or guarantee that the
occurrence of the events expressed or implied in any forward-looking
statements in this announcement will actually occur. Given these risks and
uncertainties, you are cautioned not to place any reliance on these
forward-looking statements.

Other than in accordance with its legal or regulatory obligations, Ocean
Wilsons is under no obligation, and Ocean Wilsons expressly disclaims any
intention or obligation, to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.

A non-exclusive list of the important factors that could cause actual results
to differ materially from those in such forward-looking statements includes:
(a) changes in the global political, economic, business and competitive
environments and in market and regulatory forces; (b) changes in future
exchange and interest rates; (c) changes in tax rates; (d) future business
combinations or disposals; (e) changes in general economic and business
conditions; (f) changes in the behaviour of other market participants; (g)
weak, volatile or illiquid capital and/or credit markets; and (h) changes in
laws or in supervisory expectations or requirements. Other unknown or
unpredictable factors could cause actual results to differ materially from
those expected, estimated or projected in the forward-looking statements. If
any one or more of these risks or uncertainties materialises or if any one or
more of the assumptions proves incorrect, actual results may differ materially
from those expected, estimated or projected. Such forward-looking statements
should therefore be construed in the light of such factors.

Additionally, the Combination is subject to risks and uncertainties,
including: (i) Hansa and Ocean Wilsons may be unable to complete the
Combination because, among other reasons, conditions to Completion may not be
satisfied or waived, or either party may be entitled to terminate the
Combination; (ii) uncertainty as to the timing of Completion; (iii)
uncertainty as to the long-term value of the New Hansa Shares to be issued to
Ocean Wilsons Shareholders in connection with the Combination;; and (iv) the
outcome of any legal proceedings to the extent initiated against Hansa, Ocean
Wilsons and others relating to the Combination, as well as the responses of
Hansa and Ocean Wilsons to any of the aforementioned factors.

Ocean Wilsons does not undertake any obligation to update publicly or revise
any forward-looking statement, whether as a result of new information, future
developments or otherwise.

 

No profit forecasts or estimates

No statement in this announcement (including any statement of estimated costs
savings or synergies) is intended as a profit forecast or estimate for any
period and no statement in this announcement should be intended to mean that
earnings, earnings per share, net asset value or net asset value per share for
Ocean Wilsons for the current or future financial years would necessarily
match or exceed the historical published earnings, earnings per share, net
asset value or net asset value per share for Ocean Wilsons.

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