REG-Third Point Investors Ltd: PDMR / PCA Announcement
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INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE
A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.
FOR IMMEDIATE RELEASE.
18 September 2025
Third Point Investors Limited
PDMR / PCA Announcement
Background
On 23 July 2025, Third Point Investors Limited (the "Company") entered into
subscription agreements with: (i) Mr Joshua Targoff, whose appointment as a
non-executive director of the Company was effective on 12 September 2025, for
Mr Targoff to subscribe for up to $1,000,000 worth of the Company's ordinary
shares (the "Ordinary Shares"); (ii) Mr Dimitri Goulandris, a non-executive
director and Chair of the Company, for Mr Goulandris to subscribe for up to
$500,000 worth of Ordinary Shares; and (iii) Gatemore Special Opportunities
Master Fund Ltd, an investment company controlled by Mr Liad Meidar, a
non-executive director of the Company, to subscribe for up to $2,500,000 worth
of Ordinary Shares (together, the "Subscription Agreements").
Under each Subscription Agreement, the price per Ordinary Share to be paid
(the "Subscription Price") is determined by reference to the Company's NAV on
the final day of the month in which the relevant conditions to the Company's
acquisition of Malibu Life Reinsurance SPC under the Sale and Purchase
Agreement (the "Acquisition") were satisfied. Settlement under the
Subscription Agreements occurs on or around the date of the completion of the
Acquisition ("Completion").
The Company announced on 4 September 2025 that the necessary conditions to the
Acquisition had been satisfied and the Subscription Price was $28.56 based on
the Company's NAV calculated as of 31 August 2025. Completion and settlement
under the Subscription Agreements occurred on 12 September 2025.
PDMR / PCA Announcement
In accordance with Article 19 UK MAR, the Company has received the following
notifications regarding the acquisition of Ordinary Shares:
1. Details of PDMR / PCA
a) Name of PDMR Joshua Targoff
b) Position / status Joshua Targoff - Non-Executive Director
c) Name of PCA N/A
d) Relationship to PDMR N/A
2. Initial notification / amendment Initial Notification
3. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument Ordinary shares ISIN: KYG8827C1006
b) Nature of the transaction Off market subscription/purchase of ordinary shares pursuant to a subscription agreement dated 23 July 2025.
c) Price(s) and volume(s)
Price(s) Volume(s)
USD 28.56 per share 35,014
d) Aggregated information Aggregated volume Price 35,014 USD 999,999.84
e) Date of the transaction 12/09/2025
f) Place of the transaction London Stock Exchange
g) Currency USD - Dollars
1. Details of PDMR / PCA
a) Name of PDMR Dimitri Goulandris
b) Position / status Dimitri Goulandris - Non-Executive Director
c) Name of PCA N/A
d) Relationship to PDMR N/A
2. Initial notification / amendment Initial Notification
3. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument Ordinary shares ISIN: KYG8827C1006
b) Nature of the transaction Off market subscription/purchase of ordinary shares pursuant to a subscription agreement dated 23 July 2025.
c) Price(s) and volume(s)
Price(s) Volume(s)
USD 28.56 per share 17,507
d) Aggregated information Aggregated volume Price 17,507 USD 499,999.92
e) Date of the transaction 12/09/2025
f) Place of the transaction London Stock Exchange
g) Currency USD - Dollars
1. Details of PDMR / PCA
a) Name of PDMR Liad Meidar
b) Position / status Liad Meidar - Non-Executive Director
c) Name of PCA Gatemore Special Opportunities Master Fund Ltd
d) Relationship to PDMR Legal person controlled by Mr Meidar
2. Initial notification / amendment Initial Notification
3. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument Ordinary shares ISIN: KYG8827C1006
b) Nature of the transaction Off market subscription/purchase of ordinary shares pursuant to a subscription agreement dated 23 July 2025.
c) Price(s) and volume(s)
Price(s) Volume(s)
USD 28.56 per share 87,535
d) Aggregated information Aggregated volume Price 87,535 USD 2,499,999.60
e) Date of the transaction 12/09/2025
f) Place of the transaction London Stock Exchange
g) Currency USD - Dollars
Capitalised terms used in this announcement shall, unless otherwise defined,
have the same meanings as set out in the Company's circular dated 25 July
2025.
Enquiries:
Walkers Corporate Limited (Company secretary to the Company)
Michael Beck +1 (345) 814-7600
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