REG-Third Point Investors Ltd: Strategy Review Update

Third Point InvestorsAnnouncement

11/12/2024 07:15

Third Point Investors Limited

(A closed-ended investment company incorporated in Guernsey with registration
number 47161)

LEI Number: 549300WXTCG65AQ7V644 Renewal Date - 03/02/2025

(The "Company")

 

11 December 2024

 

STRATEGY REVIEW UPDATE

 

On 22 April 2024, the board of directors of Third Point Investors Limited (the
"Board") announced the creation of a Strategy Committee ("Committee")
responsible for commencing a full review to consider how the Company may best
deliver value to shareholders going forward.

 

The Committee has reported to the Board that it is making good progress,
having identified a number of credible strategic options. Further, with the
Board's agreement, the Committee is working expeditiously with its advisors to
fully diligence one particular strategic option and will use the first quarter
of 2025 to complete its assessment and present its detailed findings and
recommendations to the Board. 

 

Accordingly, a further update on the Strategy Review will be provided in early
April 2025.  It is expected that any recommended proposals will subsequently
be put to Shareholders and voted on by them as appropriate.

 

In the meantime, the Board is pleased to acknowledge the strong performance of
Third Point with the Company generating a 26.9% NAV return in 2024 YTD (to 30
November 2024) and a 38.8% NAV return over the last 18 months (from 1 June
2023).

 

The Board is also pleased to announce the appointment of Jefferies
International Limited as joint corporate broker with immediate effect,
alongside Deutsche Numis.

 

The Board also confirms that it has provided Deutsche Numis with a
non-discretionary dealing instruction under which it may undertake share
buybacks in any mandatory closed period or in the event that the Board comes
into the possession of inside information up until 31 March 2025.

 

Enquiries:

Company Website: www.thirdpointlimited.com

 

Northern Trust International Fund Administration Services (Guernsey) Limited

The Company Secretary

Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1 3QL

Tel: 01481 745001



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