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")
09 May
2024
RESULTS OF REDEMPTION OFFER
Further to the publication of the circular on 9
April 2024 (the "Circular"), the
Board today announces the results of the Redemption Offer to
purchase up to 25 per cent. of the Company's Ordinary Shares in
issue (the "Redemption
Offer").
The Redemption Offer was taken up in full and, after
taking account of roundings, the Company will purchase a total of
6,041,995 Shares.
19,019,268 Shares were validly tendered pursuant to
the Redemption Offer, equal to 78.7 per cent. of the Company's
24,167,983 US Dollar Ordinary Shares
with one voting right per share in
issue.
Eligible Shareholders who
validly tendered a percentage of their Shares equal to or less than
their Basic Entitlement shall have all tendered Shares purchased in
full under the Redemption Offer.
Eligible Shareholders who
validly tendered a percentage of Shares greater than their Basic
Entitlement will have an amount of Shares equal to their Basic
Entitlement purchased in full plus approximately 5 per cent. of
their Excess Applications, in accordance with the process described
in the Circular announcing the Redemption
Offer.
All Shares that are redeemed will be
cancelled.
As set out in the
Redemption Circular, the redemption price per Share redeemed
pursuant to the 2024 Redemption Offer will be equal to the
Company's published Net Asset Value per Share on 30 April 2024 (the "NAV Determination
Date"), less two per cent.
Publication of the Net
Asset Value per Share at the NAV Determination Date is expected on
or around 31 May 2024. It is anticipated that the proceeds payable to
Shareholders whose tendered Shares are held through CREST accounts
are expected to be made on 21 June 2024 and that cheques for
the certificated Shares purchased under the Redemption Offer will
be despatched on 21 June
2024.
Total Voting
Rights
It is intended that all Shares that are redeemed will
be cancelled on 14 June 2024 (the
"Redemption Date"). From the Redemption Date, the
total number of Shares in issue will consist of the
following:
-
18,125,988 US Dollar
Ordinary Shares with one voting right per
share.
-
12,083,993 US Dollar B
Shares with one voting right per
share.
The total number of voting rights in the Company
following the Redemption Date will therefore be
30,209,981.
There are no shares held in
treasury.
The above figure may be used by shareholders as the
denominator for the calculation by which they will determine if
they are required to notify their interest in, or a change to their
interest in, the Company under the FCA's Disclosure and
Transparency Rules.
Defined terms used in this announcement have the
meanings given in the Redemption Circular unless the context
otherwise
requires.
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