Publication Of Response Presentation
Board publishes response to Saba Capital activist letter and recommends shareholders vote against Saba's resolutions.
Select text to share a quote on X · sign in to keep highlights & notes in your WKP notes
FROM SABA CAPITAL MANAGEMENT L.P.
The Board of Workspace Group PLC (the "Board" and the "Company", respectively) today announces that it has made available on its website a presentation (the "Presentation") containing its full and considered response to the letter and accompanying presentation published by Saba Capital Management, L.P. on 17 June 2026 (the "Saba Materials"). The Presentation can be viewed and downloaded from the Company's website at https://www.workspace.co.uk/investors/investor-centre/results-reports-presentations.
The Board welcomes the views of all shareholders and, together with its advisers, has carefully considered the Saba Materials. However, the Board remains confident in the strength of the Company's repositioning strategy, as announced alongside its Full Year Results on 10 June 2026, and in particular that the current Board (including all six current Non-Executive Directors) is best-placed to deliver that strategy and maximise long-term sustainable value for all shareholders.
Shareholders are strongly advised to vote in line with the Board's unanimous recommendation:
- FOR the election and re-election of the current Board and other customary business of the Company (Resolutions 1-20, inclusive); and
- AGAINST the resolutions requisitioned on behalf of Saba Capital Management, L.P. (Resolutions 21-26, inclusive) which the Board believes are NOT in the best interests of the Company or its shareholders as a whole,
at the Company's Annual General Meeting on 23 July 2026.
J.P. Morgan Cazenove, Rothschild & Co and Stifel are advising the Company.
The Presentation can be accessed here on Workspace's website.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.