The Works secures heavyweight backing in activist investor row

cityam09-02

The Works said the activist investor risks "derailing" the retailer The Works has secured the backing of a pair of heavyweight shareholder proxies in the discount retailer’s boardroom tussle with an ...

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GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/the-works-secures-heavyweight-backing-in-activist-investor-row/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Works said the activist investor risks \"derailing\" the retailer The Works has secured the backing of a pair of heavyweight shareholder proxies in the discount retailer’s boardroom tussle with an ...</p>\n\n<a href=\"https://www.cityam.com/the-works-secures-heavyweight-backing-in-activist-investor-row/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AGM","symbol_name":"联邦农业抵押贷款公司","start_time":0,"source_url":"https://www.cityam.com/the-works-secures-heavyweight-backing-in-activist-investor-row/","article_id":"2664814100","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2025/01/TheWorks-Westfield-Shepherds-Bush.jpg?w=286&h=161&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/the-works-secures-heavyweight-backing-in-activist-investor-row/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2664814100","pubTimestamp":1788346100,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"Kelso has claimed that Graeme Coulthard, a former Card Factor director and major shareholder in The Works, should join the board of the retailer.But executives at The Works have claimed Coulthard’s presence on the board would “risk derailing” its growth strategy and refused to meet with the prospective director.Stay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.Ahead of the vote on Kelso’s proposal at next week’s Annual General Meeting , ISS told shareholders that the investment firm has “failed to articulate a compelling case for board change”.Kelso has “not raised any material concerns regarding the company’s performance or strategy,” the proxy said.Glass Lewis, another leading shareholder advisory, said the investor’s concern over The Work’s low share price “appears to have some merit”.“[But] the case for electing [Coulthard] remains insufficient, particularly given the compa","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AGM":"联邦农业抵押贷款公司","BK4195":"互助储蓄与抵押信贷金融服务","BK4229":"商业和住宅抵押贷款融资"},"translate_title":"该作品在激进投资者争论中获得重量级支持","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AGM":1},"content_text":"The Works said the activist investor risks \"derailing\" the retailer The Works has secured the backing of a pair of heavyweight shareholder proxies in the discount retailer’s boardroom tussle with an influential activist investor. The stationary and crafts retailer has been locked in a row with Kelso, a London-listed investment firm, since the investor sought to force a director onto its board. Institutional Shareholder Services (ISS) and Glass Lewis, two top shareholder advisories, have urged investors in The Works to slap down Kelso’s proposal in a major boost to the retailer. \n\nKelso has claimed that Graeme Coulthard, a former Card Factor director and major shareholder in The Works, should join the board of the retailer. But executives at The Works have claimed Coulthard’s presence on the board would “risk derailing” its growth strategy and refused to meet with the prospective director. \n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAhead of the vote on Kelso’s proposal at next week’s Annual General Meeting (AGM), ISS told shareholders that the investment firm has “failed to articulate a compelling case for board change”. \n\nKelso has “not raised any material concerns regarding the company’s performance or strategy,” the proxy said. Glass Lewis, another leading shareholder advisory, said the investor’s concern over The Work’s low share price “appears to have some merit”.  “[But] the case for electing [Coulthard] remains insufficient, particularly given the company’s improving operating performance and substantial recent shareholder returns.”","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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