Company Announcements

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

FOR IMMEDIATE RELEASE.

 

11 September 2025

Third Point Investors Limited

Completion of the Migration and Acquisition arrangements

Total voting rights following Admission

 

 

Completion of the Migration

 

Third Point Investors Limited (the " Company ") is pleased to announce that from 10 September 2025 it has been registered by way of continuation as an exempted limited company limited by shares under section 201 of the Cayman Island Companies Act (2025 Revision). Therefore, the Company is now incorporated in the Cayman Islands and is no longer incorporated in Guernsey.

 

Following completion of the Migration, the following details apply to the Company:

 

    --  the LEI remains as 549300WXTCG65AQ7V644
    --  the ISIN for the Ordinary Shares is KYG8827C1006
    --  the SEDOL for the Ordinary Shares (US Dollar quotation) is BVYBW43
    --  the ticker for the Ordinary Shares (US Dollar) is MLHL

 

In connection with the Migration, the Company's administrator and company secretary will no longer be Northern Trust International Fund Administration Services (Guernsey) Limited. From 10 September 2025, the Company's administrator is Artex Risk Solutions (Cayman) Limited and company secretary is Walkers Corporate Limited.

 

Trading in the Company's Ordinary Shares will remain suspended until completion of the Acquisition and Admission of the Ordinary Shares to the ESCC Category and to trading on the Main Market for listed securities of the London Stock Exchange, which is expected at 8.00 a.m. on 12 September 2025.

 

Arrangements in connection with completion of the Acquisition

 

The Company's acquisition of 100 per cent. of the equity interests in Malibu Life Reinsurance SPC from Malibu Life Holdings LLC (" Malibu Holdings ") (the " Acquisition ") is expected to complete on 12 September 2025. In connection with the Acquisition, the number of Relevant Consideration Shares to be issued on 12 September 2025 by the Company is 1,868,805, representing approximately 95 per cent. of the Consideration Shares. The final number of Consideration Shares to be issued by the Company shall be subject to a true-up mechanism. Further details are set out in the Company's prospectus dated 8 September 2025 (the " Prospectus ").

 

Total voting rights

 

Immediately following Admission, the Company will have 21,426,808 Ordinary Shares in issue and admitted to trading on the Main Market, and its issued share capital will be:

 

    --  21,426,808 US dollar Ordinary Shares with one vote per share; and
    --  8,570,724 US dollar B Shares with one vote per share.

 

Therefore, the total number of voting rights in the Company immediately following Admission will be 29,997,532. The Company holds no shares 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 in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

In accordance with the Redemption Offer, the Company expects to redeem 4,376,750 Ordinary Shares on 19 September 2025 such that, immediately following completion of the Redemption Offer, the Company will have 17,050,058 Ordinary Shares admitted to trading on the Main Market.

 

Timetable

 

The timetable contained in the Company's announcement on 4 September 2025 remains unchanged.

 

Capitalised terms used in this announcement shall, unless otherwise defined, have the same meanings as set out in the Prospectus. All references to times in this announcement are to times in London (unless otherwise stated).

 

Enquiries:

        Jefferies International Limited(Financial Adviser to the
Company)

Stuart Klein / Carlos Marque / James Umbers
                                                         +44 20 7029 8600
Ognjen Rakita / Taha Ahmed / Harry Randall

Kekst CNC(PR Adviser to the Company)

Richard Campbell                                         +44 7775 784933

Guy Bates                                                +44 7581 056415

Katherine Kilgallen                                      +44 7581 068251

 

Disclaimer

 

This announcement has been prepared in accordance with English law, the   UK   Market Abuse Regulation and the Disclosure Guidance and Transparency Rules and   UK   Listing Rules of the   FCA. Information disclosed may not be the same as that which would have been prepared in accordance with the laws of jurisdictions outside   England.

 

This announcement is not an offer of securities for sale in any jurisdiction where to do so would be unlawful. The Company and Malibu have not been and will not be registered as an "investment company" under the US Investment Company Act of 1940, as amended (the " Investment Company Act ") and as such holders of the securities will not be entitled to the benefits of the Investment Company Act. The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the " US Securities Act ") or under the securities laws of any state or other jurisdiction of   the   United States, and may not be offered or sold, taken up, resold, transferred or delivered, directly or indirectly, in or into   the United States   or to any "U.S.   person" as defined in Regulation S under the US Securities Act (" US Person ") other than to "qualified institutional buyers" as defined in Rule 144A of the US Securities Act who are also "qualified purchasers" as defined in the Investment Company Act in a transaction exempt from, or not subject to, the registration requirements of the US Securities Act and in accordance with any applicable securities laws of any state or other jurisdiction of   the   United States. There has been and will be no public offer of the securities in   the United States   and the Company is not subject to the periodic reporting requirements of the US Securities Exchange Act of 1934, as amended (the " US Exchange Act ") and is not required to, and does not, file any reports with the   US Securities and Exchange Commission   (the " SEC ") thereunder.

 

Neither the   SEC   nor any securities regulatory body of any state or other jurisdiction of   the   United States, nor any securities regulatory body of any other country or political subdivision thereof, has approved or disapproved of this announcement or the securities discussed herein or passed on the accuracy or adequacy of the contents of this announcement. Any representation to the contrary is a criminal offence in   the   United States.

 

No person has been authorised to give any information or make any representations with respect to the Acquisition other than the information contained in this announcement and, if given or made, such information or representations must not be relied upon as having been authorised by or on behalf of the Company, the Company's directors, or any other person involved in the Acquisition. Neither the Company nor any such person takes any responsibility or liability for, and can provide no assurance as to the reliability of, any other information that may be given. Subject to the   UK   Market Abuse Regulation and the Disclosure Guidance and Transparency Rules and the   UK   Listing Rules of the   FCA, the delivery of this announcement shall not create any implication that there has been no change in the affairs of the Company or Malibu since the date of this announcement or that the information in this announcement is correct as at any time subsequent to its date.

 

Jefferies International Limited   (" Jefferies "), which is authorised and regulated by the   Financial Conduct Authority   in the   United Kingdom, is acting exclusively as the lead financial adviser to the Company and no one else in connection with the matters set out in this announcement. In connection with such matters, Jefferies, its affiliates, and its or their respective directors, officers, employees and agents will not regard any other person as their client, nor will they be responsible to any other person for providing the protections afforded to their clients or for providing advice in relation to the contents of this announcement or any other matter referred to herein.

 

The contents of this announcement are not to be construed as legal, business or tax advice and none of the Company or Jefferies undertakes any obligation with respect to the recipient thereof. Each shareholder should consult its own legal adviser, financial adviser or tax adviser for legal, financial or tax advice respectively.

 

Forward-looking statements

 

Certain statements, opinions and/or projections in this announcement are forward-looking statements. In some cases, these forward looking statements can be identified by the use of forward looking terminology including terms such as expects", "anticipates", "targets", "continues", "estimates", "plans", "intends", "projects", "indicates", "believes", "may", "will", "should", "would", "could", "outlook", "forecast", "plan", "goal" and similar expressions or in each case, their negative, or other variations or comparable terminology, but are not the exclusive means of identifying such statements. Any statements that are not statements of historical facts are forward-looking statements. These forward-looking statements reflect the Company's current expectations concerning future events and speak only as of the date of this announcement. They involve various risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, and following Completion, the Company's group, third parties or the industry to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. There can be no assurance that the results and events contemplated by forward-looking statements will in fact occur. No statement in this announcement is intended to be a profit forecast.

 

The forward-looking statements speak only as at the date of this announcement. Save as required by the   UK   Market Abuse Regulation or the Disclosure Guidance and Transparency Rules or the requirements of the   UK   Listing Rules of the   FCA, or otherwise arising as a matter of law or regulation, the Company expressly disclaims any obligation or undertaking to disseminate after publication of this announcement any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

 

Neither the content of the Company's (or any other website) nor the content of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.