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Gatemore publishes Open Letter to the Board of YouGov PLC (“YouGov” or “Company”)
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION
Gatemore Capital Management LP
(together with the funds it manages, “Gatemore”)
Gatemore calls for immediate leadership changes to realise YouGov’s full value
LONDON, Jan. 14, 2025 /PRNewswire/ — In a public letter sent to the Board of Directors of YouGov, Gatemore calls for decisive action to address the issues driving the Company’s underperformance.
The full text of Gatemore’s open letter can be found by clicking here.
White & Case LLP serves as legal adviser to Gatemore Capital Management LP.
Investor Contact
Gatemore Capital Management LP
+44 207 580 0300
[email protected]
Media Contact
Greenbrook
Rob White and Teresa Berezowski
+44 207 952 2000
[email protected]
DISCLAIMER
Gatemore Capital Management LP, together with the funds it manages (“Gatemore”) is acting on behalf of itself and not as agent for or on behalf of any third party. Gatemore is publishing this announcement solely for the information of other shareholders in YouGov PLC (“YouGov”). This announcement is not intended to be and does not constitute or contain any investment recommendation as defined by Regulation (EU) No 596/2014 (as it forms part of the domestic law in the United Kingdom by virtue of the European Union (Withdrawal) Act 2018). No information in this announcement should be construed as recommending or suggesting an investment strategy. Nothing in this announcement or in any related materials is a statement of or indicates or implies any specific or probable value outcome in any particular circumstance. This announcement is provided merely for general informational purposes and is not intended to be, nor should it be construed as (1) investment, financial, tax or legal advice, or (2) a recommendation to buy, sell or hold any security or other investment, or to pursue any investment style or strategy. Neither the information nor any opinion contained in this announcement constitutes an inducement or offer to purchase or sell or a solicitation of an offer to purchase or sell any securities or other investments in YouGov or any other company by Gatemore or any of its affiliates in any jurisdiction. This announcement does not consider the investment objective, financial situation, suitability or the particular need or circumstances of any specific individual who may access or review this announcement and may not be taken as advice on the merits of any investment decision. This announcement is not intended to provide the sole basis for evaluation of, and does not purport to contain all information that may be required with respect to, any potential investment in YouGov. Any person who is in any doubt about the matters to which this announcement relates should consult an authorised financial adviser or other person authorised under the UK Financial Services and Markets Act 2000. To the best of Gatemore’s ability and belief, all information contained herein is accurate and reliable, and has been obtained from public sources that Gatemore believes to be accurate and reliable. However, such information is presented “as is”, without warranty of any kind, whether express or implied, and Gatemore has not independently verified the data contained therein. All expressions of opinion are subject to change without notice, and Gatemore does not undertake to update or supplement any of the information, analysis and opinion contained herein.
Gatemore may continue transacting in the shares and securities of YouGov, and/or derivatives referenced to them (which may include those providing long and short economic exposure) for an indefinite period following the date of this announcement and may increase or decrease its interests in such shares, securities and/or derivatives at any time.
FORWARD LOOKING STATEMENTS
This announcement contains certain forward-looking statements and information that are based on Gatemore’s beliefs, as well as assumptions made by, and information currently available to, Gatemore. These statements include, but are not limited to, statements about strategies, plans, objectives, expectations, intentions, expenditures and assumptions and other statements that are not historical facts. When used herein, words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan” and “project” and similar expressions (or their negative) are intended to identify forward-looking statements. These statements reflect Gatemore’s current views with respect to future events, are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Further, certain forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Actual results, performance or achievements may vary materially and adversely from those described herein. There is no assurance or guarantee with respect to the prices at which any securities of YouGov or any other company will trade, and such securities may not trade at prices that may be implied herein. Any estimates, projections or potential impact of the opportunities identified by Gatemore herein are based on assumptions that Gatemore believes to be reasonable as of the date hereof, but there can be no assurance or guarantee that actual results or performance will not differ, and such differences may be material and adverse. No representation or warranty, express or implied, is given by Gatemore or any of its officers, employees or agents as to the achievement or reasonableness of, and no reliance should be placed on, any projections, estimates, forecasts, targets, prospects or returns contained herein. Neither Gatemore nor any of its directors, officers, employees, advisers or representatives shall have any liability whatsoever (for negligence or misrepresentation or in tort or under contract or otherwise) for any loss howsoever arising from any use of information presented in this announcement or otherwise arising in connection with this announcement. Any historical financial information, projections, estimates, forecasts, targets, prospects or returns contained herein are not necessarily a reliable indicator of future performance. Nothing in this announcement should be relied upon as a promise or representation as to the future. Nothing in this announcement should be considered as a profit forecast.
PERMITTED RECIPIENTS
In relation to the United Kingdom, this announcement is being issued only to, and is directed only at, (i) investment professionals specified in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 as amended (the “Order”), (ii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order and (iii) persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of any securities of YouGov or any member of its group may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “Permitted Recipients”). Persons who are not Permitted Recipients must not act or rely on the information contained in this announcement.
DISTRIBUTION
Not for release, publication or distribution, in whole or in part, directly or indirectly, in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws of that jurisdiction. The distribution of this announcement in certain countries may be restricted by law and persons who access it are required to inform themselves and to comply with any such restrictions. Gatemore disclaims all responsibility where persons access this announcement in breach of any law or regulation in the country of which that person is a citizen or in which that person is residing or is domiciled.
View original content:https://www.prnewswire.co.uk/news-releases/gatemore-publishes-open-letter-to-the-board-of-yougov-plc-yougov-or-company-302349756.html
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Angeion Group Strengthens Team, hiring Two Vice Presidents of Class Action & Mass Tort Services
Seasoned legal and sales professionals join Angeion amid growing demand for innovative settlement administration solutions
PHILADELPHIA, Jan. 14, 2025 /PRNewswire/ — Angeion Group, a leading global provider of settlement administration and legal noticing services, is pleased to announce the addition of Dawn McPherson and David Warren as Vice Presidents of Class Action & Mass Tort Services. Their combined expertise is demonstrative of Angeion’s commitment to delivering comprehensive, client-focused solutions in an increasingly complex legal environment.
David Warren, based in Northern New Jersey, joins Angeion with over a decade of consultative sales and leadership experience in professional services. Formerly Client Solutions Director at Robert Half International, David brings a strong background in client relationship management and strategic business development. In his new role, David will focus on supporting Class Action and Mass Tort clients navigate the complexities of Settlement Administration to deliver best in class solutions for all interested parties.
Dawn McPherson, based in California, brings over 20 years of experience as a UK solicitor and US attorney, with deep expertise in class action administration, mass tort intake solutions, and settlement litigation programs. She has played a key consulting role in numerous high-profile cases, including the CAF-DND Sexual Misconduct Class Action and the Kalima v. State of Hawaii Hawaiian Homestead Lands Class Action. Dawn’s expertise will be instrumental in Angeion’s commitment to advancing group action litigation in North America.
“These key appointments demonstrate Angeion’s commitment to delivering exceptional solutions for our clients,” said Eric Eckhardt, Chief Revenue Officer. “I am excited for Dawn and David to share their unique perspectives and expertise to our team; further driving our spirit of innovation and excellence in settlement administration practices”
About Angeion Group
Angeion Group is a leading provider of settlement administration and legal noticing services. Specializing in class actions, mass torts, and collective redress, Angeion leverages advanced technology, expert consulting, and proven best practices to ensure efficiency, accountability, and excellence for its clients.
Media Contact:
Shiri Lasman
Angeion Group
(215) 563-4116
View original content:https://www.prnewswire.co.uk/news-releases/angeion-group-strengthens-team-hiring-two-vice-presidents-of-class-action–mass-tort-services-302350762.html
Fintech PR
BRI Distributes Rp20.33 Trillion Interim Dividend, Driving Value for Shareholders and State
JAKARTA, Indonesia, Jan. 14, 2025 /PRNewswire/ — PT Bank Rakyat Indonesia (Persero) Tbk. (IDX: BBRI) is pleased to announce it will distribute Rp135 per share of interim dividends, totaling Rp20.33 trillion. The distribution takes place on Wednesday, January 15, 2025, and demonstrates BRI’s commitment to generating shareholder value.
BRI President Director Sunarso explained that this decision to distribute dividends shows the company’s dedication to providing sustainable profits for shareholders, and it reflects BRI’s confidence in a strong business foundation and promising growth prospects. He commented: “This is proof that BRI is committed to creating value and providing real benefits to shareholders, especially for the Government of Indonesia as the majority shareholder.”
Under BRI’s share ownership structure, the state holds 53.19% of the shares (80.61 billion shares) and the public owns 46.81% (70.95 billion). In line with this split, the Government of Indonesia received Rp10.88 trillion of interim dividends out of the Rp20.33 trillion total, while public shareholders received Rp9.45 trillion.
This distribution not only provides direct benefits for the state, but also for the many retail shareholders from the general public. With a total of 653,251 shareholders (as of December 2024), the number of BBRI shareholders is the highest out of all stocks traded on the Indonesia Stock Exchange and is growing, effectively broadening the benefits that BRI brings to the Indonesian people and the state.
In addition to serving as a positive signal for the Indonesian capital market, the distribution also shows BRI’s consistent dedication to carrying out its business transformation. Beyond maintaining performance, BRI’s transformation strives to create long-term value—for shareholders as well as all stakeholders across Indonesia’s economy. With a robust business foundation, BRI is optimistic that it can continue to make significant contributions to national economic development.
For more information, please visit: www.bri.co.id
View original content:https://www.prnewswire.co.uk/news-releases/bri-distributes-rp20-33-trillion-interim-dividend-driving-value-for-shareholders-and-state-302350727.html
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Argentina’s President Javier Milei Wins the 2025 “Jewish Nobel Prize”
Genesis Prize Chairman Stan Polovets praises Milei’s support for Israel, achievements in reforming Argentina’s economy, and pursuit of justice for AMIA terror victims
NEW YORK, Jan. 14, 2025 /PRNewswire/ — Today, The Genesis Prize announces President of Argentina Javier Milei as the 2025 Genesis Prize Laureate, the first time the award, known as “The Jewish Nobel Prize,” has been bestowed upon a head of state.
Milei was the unanimous choice of the nine judges on the committee, which commended him for his unequivocal support of Israel during one of the most difficult times since the founding of the Jewish State. President Milei recently announced his decision to move the Argentinian embassy to Jerusalem, has reversed years of anti-Israel votes by Argentina in the United Nations, and has pledged to bring culprits responsible for the AMIA and Israeli Embassy bombings in Argentina in 1992 and 1994, respectively, to justice.
Just last week, Milei ordered declassification of intelligence regarding the unexplained death of Alberto Nisman, the special prosecutor responsible for the AMIA bombing investigation. Former Argentinian President Cristina Fernández de Kirchner is presently being tried for obstructing that investigation and for her government’s controversial 2013 Memorandum with Iran, which shielded the accused terrorists and lifted Interpol alerts intended to arrest them.
The planned relocation of Argentina’s embassy to Jerusalem is in sharp contrast to the actions of several other South American countries, which cut diplomatic relations with Israel and recalled their ambassadors over the war in Gaza. Shortly after the start of hostilities initiated by Hamas on October 7, 2023, Bolivia severed diplomatic ties with Israel, accusing it of carrying out “crimes against humanity,” while Chile and Colombia recalled their ambassadors as they criticized the Israeli military offensive against Hamas militants. In May 2024, Brazil withdrew its ambassador to Israel after months of tensions between the two countries.
“President Milei is a true hero of the Jewish people,” said Co-Founder and Chairman of The Genesis Prize Foundation Stan Polovets. “Unlike leaders of many other countries around the world who either remained quiet, pressured and – in some cases – sanctioned Israel, President Milei has unequivocally supported the Jewish people and their state. This award reflects Israel’s heartfelt appreciation for the President and the people of Argentina. A friend in need is a friend indeed.”
In addition to Milei’s strong pro-Israel stance, the Genesis Prize Selection Committee praised his achievements in reforming Argentina’s economy, including bringing inflation down from 25% per month to 2.4%, reversing the freefall of the country’s currency, and posting a fiscal surplus for the first time in 15 years. Despite falling incomes caused by Milei’s reforms, he maintains an approval rating of over 50%, the third highest among the world’s democratic leaders. And notably, the “S&P Merval Index,” which tracks the performance of the largest publicly traded companies listed on the Buenos Aires Stock Exchange, has generated a return of 173% in 2024, by far outperforming all other global markets. During the same period, Brazil’s stock market fell 7% and Mexico’s 11%, while S&P 500 rose “only” 27%.
The annual $1 million Genesis Prize honors extraordinary individuals for their outstanding professional achievements, contributions to humanity and support for Israel. Previous Genesis Prize honorees include Michael Bloomberg, Michael Douglas, Itzhak Perlman, Anish Kapoor, Justice Ruth Bader Ginsburg, Natalie Portman, Robert Kraft, Natan Sharansky, Steven Spielberg, Rabbi Lord Jonathan Sacks, Albert Bourla, and Barbra Streisand.
All Genesis Prize honorees have chosen to forgo their monetary awards, which were then donated to philanthropic causes. Since its inception in 2013, The Genesis Prize has leveraged the annual $1 million award into philanthropic initiatives totaling more than $50 million, with grants going to more than 230 nonprofit programs in 31 countries, directly impacting the lives of tens of thousands of people.
In addition to honoring individual laureates, in 2024 The Genesis Prize Foundation bestowed its prize on Israeli NGOs supporting the released and rescued hostages and their families and helped fund lawsuits against the leadership of Hamas in international jurisdictions. This followed a $1 million award to Jewish activists working to uphold Ukraine’s independence and alleviate the suffering of the people of Ukraine in 2023.
Milei has been a staunch supporter of Ukraine’s fight for freedom and independence, and in June 2024 was awarded the Order of Freedom by Ukraine’s President Volodymyr Zelenskyy. And during the Hanukkah celebrations last month, Zelenskyy used a menorah gifted to him by Milei during the inauguration of Argentina’s president in December 2023.
“I am deeply honored to receive the Genesis Prize,” stated President Javier Milei. “Of course, I will not keep the monetary prize; I will donate it to causes that support freedom and the fight against antisemitism, both in Argentina and around the world. I have deep admiration for Israel, its history, and its people. The Jewish people have shown throughout their history that resilience and the defense of freedom are essential to overcoming any challenge. This spirit is a cornerstone of the relationship between Argentina and Israel, and I will work to further strengthen our ties.”
Although raised Catholic, Milei has increasingly embraced Judaism since taking a sincere interest in 2021, studies Torah regularly, attends prayer services, placed a mezuzah on his office door, and stated his intention to convert to Judaism upon leaving office. His cabinet meetings often start with a discussion of the week’s Torah portion, while one of the most influential government officials, Foreign Minister Gerardo Werthein, took the oath of office on a Chumash, a copy of the Pentateuch or the five books of Moses. Shortly after being inaugurated, President Milei appointed his rabbi and spiritual guide, Axel Wahnish, as Argentina’s Ambassador to Israel.
Last year, Milei revealed that his grandfather, a great influence on his life, discovered shortly before he passed away that his mother was Jewish. Milei also has shared that his great-great-grandfather was a rabbi who instilled Jewish education and values in his children and grandchildren.
View original content:https://www.prnewswire.co.uk/news-releases/argentinas-president-javier-milei-wins-the-2025-jewish-nobel-prize-302350703.html
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