Third Point Investors Ltd - Tender Offer Trigger
02 April 2024 - 5:00PM
UK Regulatory
Third Point Investors Ltd - Tender Offer
Trigger
PR Newswire
LONDON, United Kingdom, April 02
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")
2
April 2024
TENDER OFFER
TRIGGER
On 1 April 2021, the board of directors of Third
Point Investors Limited (the "Board") announced that it would
propose a redemption offer to shareholders for up to 25% of the issued share capital of the
Company at a discount of 2% to the Net Asset Value ("NAV")
(the "Redemption Offer") if,
in the six-month period ending 31 March
2024, the average discount to NAV at which the Ordinary
Shares had traded is more than
10%.
In the six-month period
ended 31 March 2024, the average
discount to NAV at which the Ordinary Shares have traded was more
than 10%. As a result, the Board will implement the proposed Redemption Offer.
Shareholders will be entitled to tender a number of ordinary shares
in excess of 25% of the ordinary shares held by them (the "Basic
Entitlement"). However, the extent to which any such excess will be
satisfied will be dependent on the extent to which other
shareholders have tendered less than their Basic
Entitlement.
Daniel Loeb has
undertaken to the Company that he and his family interests will
participate in the Redemption Offer to the full extent of their
Basic Entitlement. Mr. Loeb and his family interests currently hold
23% of the issued share capital of the
Company.
A further announcement
including full details of the Redemption Offer will be made in due
course.
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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