Third Point Investors Ltd - Strategy Review Update
11 December 2024 - 6:00PM
UK Regulatory
Third Point Investors Ltd - Strategy
Review Update
PR Newswire
LONDON, United Kingdom, December 11
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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