On August 25, 2021, Asset Value Investors (AVI) requisitioned Third Point Investors Limited board pursuant to which the board is required to consider steps and actions that should be taken to address the discount and to propose the ordinary resolution by way of advisory vote (the Advisory Vote); that the Company put in place arrangements whereby, at the discretion of the directors, shareholders are provided with the opportunity to redeem their shareholdings in the Company on terms (as regards frequency and percentage of shareholding) that match as closely as possible those available to investors who hold the same class of shares in Third Point Offshore Fund, Ltd (the Master Fund) in which the Company has invested a majority of its assets.