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TPOS Third Point Investors Limited

1,752.50
20.00 (1.15%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Third Point Investors Limited LSE:TPOS London Ordinary Share GG00B1YQ7219 ORD NPV $
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  20.00 1.15% 1,752.50 1,705.00 1,800.00 1,775.00 1,775.00 1,775.00 200 16:35:23
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt -223.21M -253.66M -9.5402 -1.86 471.95M

Third Point Investors Ltd Result of Annual General Meeting

07/06/2023 2:31pm

UK Regulatory


 
TIDMTPOU TIDMTPOS 
 
Third Point Investors Limited 
(A closed-ended investment company incorporated in Guernsey with registration 
number 47161) 
LEI Number: 549300WXTCG65AQ7V644 
 Renewal Date- 03/02/2024 
(The "Company") 
 
07 JUNE 2023 
 
RESULT OF ANNUAL GENERAL MEETING 
 
At the Annual General Meeting of the Company held on 07 June 2023 all Ordinary 
and Special Resolutions set out in the Annual General Meeting Notice sent to 
Shareholders dated 19 May 2023 were duly passed. 
 
Votes representing 69.62% of the issued share capital were cast. 
 
Details of the proxy voting results which should be read along side the Notice 
are noted below: 
 
 Ordinary      For      Discretion (voted in favour)   Against     Abstain 
Resolution 
    1       30,804,576               0                 10,458         0 
    2       30,789,664               0                 25,370         0 
    3       30,569,997               0                   18        245,019 
    4       30,804,576               0                 10,458         0 
    5       30,804,576               0                 10,458         0 
    6       30,804,576               0                 10,458         0 
    7       8,601,170                0                4,353,260  17,860,604* 
    8       30,804,576               0                 10,458         0 
    9       30,804,576               0                 10,458         0 
    10      30,804,576               0                 10,458         0 
 Special       For      Discretion (voted in favour)   Against     Abstain 
Resolution 
    11      12,954,412               0                   18      17,860,604* 
 
Note - A vote withheld is not a vote in law and has not been counted in the 
votes for and against a resolution. 
 
The Directors note that in respect of Resolution 7 at the AGM, votes against the 
re-election of Josh Targoff totalled 33.60% of the total votes cast. Under the 
UK Corporate Governance Code ("the Code") E.2.2., this exceeds the 20% threshold 
for votes cast against the resolution. 
 
The Board are therefore obligated under the Code to provide an update on the 
views received from shareholders and respond accordingly within a 6-month 
period. Additionally, the Board is required to provide a final summary in the 
Annual Report, and at the next Annual General Meeting, within the explanatory 
notes. 
 
The Board will respond accordingly. 
 
Pursuant to Article 4(c) of the Articles of Incorporation of the Company, the 
Class B Shareholder was unable to vote in respect of Resolution 7, this being a 
Listing Rule Reserved Matter. 
 
*The abstaining votes represent Third Point Offshore Independent Voting Company 
Limited. 
 
The Special Resolution was as follows: 
 
 
Special Resolution 11 
 
That conditional upon the Ordinary Shares of the Company remaining traded on the 
main market of the London Stock Exchange, the Company be authorised in 
accordance with Section 315 of the Companies Law to make market acquisitions 
(within the meaning of section 316 of the Companies Law) of each class of its 
Shares (either for retention as treasury shares for future reissue and resale or 
transfer, or cancellation) provided that: 
 
 i. the maximum number of Shares hereby authorised to be purchased shall be 
14.99% of each class of Shares in issue at the date of this document; 
ii. the minimum price (exclusive of expenses) which may be paid for a Share 
shall be 50 per cent of the Net Asset Value (as defined in the Articles); 
iii. Unless a tender offer is made to all holders of the relevant class of 
Shares, the maximum price (exclusive of expenses) which may be paid for a Share 
shall not be more than the higher of (a) 105 per cent of the average of the 
middle mark quotations for a Share taken from the London Stock Exchange's main 
market for listed securities for the five business days before the purchase is 
made and (b) the higher of the price of the last independent trade and the 
highest current independent bid at the time of the purchase; and (c) any 
purchase by the Company of 15 per cent or more of any class of its Shares shall 
be effected by way of a tender offer to all Shareholders of that class, or such 
other price as may be permitted by the Listing Rules of the UK Listing 
Authority: 
iv. the authority hereby conferred shall expire at the conclusion of the next 
Annual General Meeting of the Company, or, if earlier, on the expiry of eighteen 
months from the passing of this resolution, unless such authority is renewed, 
varied or revoked prior to such time; and 
 v. the Company may make a contract to purchase Shares under the authority 
hereby conferred prior to the expiry of such authority which will or may be 
executed wholly or partly after the expiration of such authority and may make a 
purchase of Shares pursuant to any such contract. 
 
Enquiries: 
Northern Trust International Fund Administration Services (Guernsey) Limited 
The Company Secretary 
Trafalgar Court 
Les Banques 
St Peter Port 
Guernsey 
GY1 3QL 
 
Tel:        01481 745001 
END 
 
 
This information was brought to you by Cision http://news.cision.com 
 
 
END 
 
 

(END) Dow Jones Newswires

June 07, 2023 09:31 ET (13:31 GMT)

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