THIRD POINT INVESTORS LIMITED INVESTOR GROUP ("THE GROUP")
STATEMENT IN RELATION TO THE PROPOSED ALL-SHARE COMBINATION BETWEEN THIRD POINT INVESTORS LIMITED AND MALIBU LIFE REINSURANCE SPC ("PROPOSED TRANSACTION")
UPDATE ON GROWING OPPOSITION TO THE TRANSACTION
1st
The Group announces that it has received further indications of support from fellow shareholders in relation to opposing the resolutions proposed at the forthcoming EGM, scheduled for 14th
The Group is currently comprised of
As of the date of this announcement, shareholders representing an additional 10% of the ordinary shares of Third Point Investors Limited ("TPIL") have confirmed their intention to vote against the Proposed Transaction.
Together with the Group's 14%, this means at least 24% of ordinary shares intend to vote against the proposals, exceeding the approximately 21% of shareholders, excluding Third Point, who signed irrevocable commitments, or otherwise expressed their intention, to vote in favour.
This reinforces the Group's belief that the Proposed Transaction does not have the support of a majority of shareholders that are not affiliated with Third Point.
The Group has today raised further concerns around the Proposed Transaction, which can be found at www.tpilinvestorgroup.com
Shareholders are reminded to submit their proxy votes in accordance with the instructions set out in the shareholder Circular dated 25th
ENDS
Enquiries
Advisers to the Group
Communications - Nepean
+44 (0) 7376 392 693 / +44 (0) 7814 372 664
Legal -
+44 (0) 20 8396 0967
r.ogilvywatson@ogilvy-wachtel.com
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