Shareholder Value Management AG
Shareholder Value Management AG: Letter to the Chairman of Mears Group PLC
Mears Group PLC Chairman Kieran Murphy 1390 Montpellier Court Gloucester Business Park Brockworth Gloucester GL3 4AH
SVM AG supports Mears Group PLC going private initiative Dear Mr. Murphy, On the 24th of February 2021, PrimeStone Capital LLP sent a letter to you and the Mears Group PLC (ISIN:GB0005630420) and made it publicly available here: http://www.primestonecapital.com/MERhttp://www.primestonecapital.com/MER According to the homepage of Mears PrimeStone Capital LLC owns ca. 13% of all shares issued by Mears Group and is therefore its largest shareholder. We fully support the views expressed in the aforementioned letter. Especially we strongly agree with PrimeStone’s urgent recommendation to have Mears Group taken into private hands. Further we agree that this step will be in the best interest of all stakeholders of Mears Group and the company itself. Shareholder Value Management AG provides investment advice for its clients including investment funds that own a significant amount of shares of Mears. Shareholder Value Management AG is a Frankfurt based investment company with EUR 1,5 billion in assets under management/advisory. SVM follows the principles of “Value Investing” and adopts an active approach to the management of its portfolio companies, frequently engaging in constructive dialog and collaborating with them to contribute to long-term value creation for shareholders. We kindly ask you to start the take-private process at your earliest convenience for the benefit of all stakeholders. With kind regards
End of Media Release Issuer: Shareholder Value Management AG Key word(s): Finance
25.02.2021 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG. |