Third Point Investors rejects call for EGM

Resolution would be 'ineffective'

clock • 2 min read
Shareholders' requests for an EGM have been rejected
Image:

Shareholders' requests for an EGM have been rejected

Third Point Investors Limited (TPIL) has refused shareholders’ calls for an emergency general meeting to instigate a new investment policy as it says the proposed resolution falls under the legal definition of ‘ineffective’.

In a stock exchange announcement, the board of the £1bn investment company said the changes proposed by the shareholders would legally need to be through a special resolution, rather than an ordinary resoluation...

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