AVI Global Trust PLC AVI open letter to Board of Third Point Investors (4415N)
30 Septembre 2021 - 3:29PM
UK Regulatory
TIDMAGT
RNS Number : 4415N
AVI Global Trust PLC
30 September 2021
AVI Global Trust plc ( the " Company ")
LEI: 213800QUODCLWWRVI968
30 September 2021
Asset Value Investors (AVI), which manages AVI Global Trust
(AGT.LN), publishes open letter to directors of Third Point
Investors Limited (TPOU.LN)
On 21 September 2021, the Board of Third Point Investors Limited
(TPIL) rejected the requisition made by AVI and three other
shareholders on 25 August 2021 (the "August Requisition").
Advice from AVI's domestic and offshore law firms and from
leading company law counsel leads us to believe that TPIL's Board
is mistaken in its approach to - and rejection of - the August
Requisition; that the directors of TPIL were not entitled to reject
the August Requisition and were obliged to call a general meeting
within 21 days; and that the directors' view that the proposed
advisory resolution was "ineffective" is wrong in law.
We invite the Board to promptly announce that it will
immediately comply with the terms of the August Requisition, as it
is obliged to by virtue of the provisions of The Companies
(Guernsey) Law, 2008 as amended.
Our letter to the TPIL Board can be found by clicking on the
following link:
https://www.assetvalueinvestors.com/third-point-public-letter-september-21
Contact:
Tom Treanor
Head of Research/Executive Director
Tom.treanor@assetvalueinvestors.com
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