Ocean Wilsons Holdings (OWHL) announced that the Bermudan court delivered a favourable judgement, sanctioning the scheme of arrangement of OWHL, by means of which its all-share combination with Hansa Investment Company (HICL) will be executed. OWHL will now proceed with submitting the final court order for sealing, as the scheme can only become effective following the delivery of a copy of the sealed court order to the Registrar of Companies. OWHL expects the delivery on 9 December 2025, at which time the scheme will become effective, and the company will make a further announcement. Accordingly, the last trading day for OWHL shares would be 8 December.

Hansa Investment Company (HICL) offers investors a portfolio of best-in-class managers that are often hard to access for retail investors, including country and thematic funds, a portfolio of direct value-biased global equities and a defensive allocation. The manager has also recently started a private asset programme. Historically, investors have been wary of HICL’s illiquid exposure to Brazil, and its complex structure, and this has seen the company trade at a substantial ‘double discount’ of around 50%. However, recent developments are transforming HICL’s structure. Its holding in Ocean Wilson Holdings (OWHL) sold its Brazilian asset, Wilson Sons, and HICL is currently seeking to combine with OWHL. This will greatly simplify its structure and accelerate its private asset programme, while also delivering significant benefits to its shareholders and clearing the way for a potential narrowing in the discount.