On January 24, 2014, Corvex Management LP announced that its representatives have had and may continue to have discussions with the management and members of the Board of Directors of Signet Jewelers Limited to discuss the Company's business and strategies. Corvex Management also stated that its representatives' discussions have reviewed, and may continue to review, options for enhancing shareholder value through various strategic alternatives including, but not limited to, leveraging the Company's credit receivables, optimizing capital structure, accelerating M&A and/or return of capital to shareholders, utilizing the Company's offshore corporate structure, and general corporate matters. Further, Corvex Management said that its representatives have found their conversations to date with the Company's board and management to be constructive, and may seek to have additional conversations with the management, board, shareholders of the Company, and other persons to discuss the Company's business, strategies and other matters related to the Company.