Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Sparta Capital recently became the second activist investor on THG’s shareholder register after a substantial decline in the company’s share price. THG was listed with a valuation of £5.4 billion in September 2020, but is now valued at about £1.2 billion.
Kelso Group, an activist investor that bought a stake in THG in January, has urged the board to sell off its Myprotein nutrition business, suggesting the former Hut Group could realise “significant” value from a sale. Food manufacturers would be interested in nutrition brands because they are being encouraged to diversify towards healthier products, Kelso said. It named Nestlé, Coca-Cola and Mars as possible buyers.
It set about improving its corporate governance last year to reassure investors about the strength of the business. Charles Allen, 66, a former chief executive of ITV, was brought in to replace Moulding, 51, as chairman to “refresh” the board. Allen said Farr’s appointment would improve corporate governance and enhance the board’s independence and diversity.
THG brought in Farr, 67, who is also a non-executive director at British American Tobacco, after making a loss of £496 million and coming under pressure from an activist investor to break up the company.
Jeez. The Times are so far behind the times!!
Asos being shorted is hardly a surprise is it! 4 million is peanuts to these people. If they were confident, it would be a lot lot more.
They are now unwinding these positions in my view. Times need to sack their correspondent for posting old news! Should do better mate.
I've just read the FT article about MM. Patronising as Heck. MM is from a modest background and they make it seem like he is not worthy.
Awful, really awful.
I don't know the man, but I understand fair play. That is not fair.
I can see why MM inspires his team. The establishment should go do one. I'm with MM. Even if I lose all my investment.
Atb.
Just read the FT article. It's so one sided and anti moulding, I'm surprised the editor allowed that garbage bilious stuff to be published. FT must be lowering its editorial standards. Pond scum is about right.
I am so impressed Wildtiger, keeping such esteemed friends. Your mother and grandmother must be so proud of you and your rich friends. Nicely done. Such success is so rare. Please do tell us more about your friends and their priceless advice you ate so kindly sharing. Bless you.
Now go take your medication. There's a good lad.