Situations

Investors pushing the board – what they want and when shareholders vote.

1. Today
2. Activist Auction Technology Group ATG£580m moved

   FitzWalter Capital Limited campaign

   FitzWalter's campaign dates from 13 Dec 2024. Its possible offers lapsed on 2 Feb 2026 when it said it would not bid.

   Activist FitzWalter Capital LimitedStake 27.4533%Wants board seat(s), sale of the company, return of capital
   Bid dropped; Rule 2.8 applies; shareholder campaign open

   Next General Meeting vote on removing the Chair

   −19% since 13 Dec · moved 26 Oct
3. Earlier this month
4. Activist Sanderson Design Group SDG£53m

   LBV ASSET MANAGEMENT LLP campaign

   LBV ASSET MANAGEMENT LLP holds 14.065% of Sanderson Design Group and wants: remove the chair, board seat(s).

   Activist LBV ASSET MANAGEMENT LLPStake 14.065%Wants remove the chair, board seat(s)Board opposes
   Circular published; board recommends voting against

   Next general meeting 29 Oct · in 3 days

   +60% since 22 Jan · moved 12 Oct
5. Activist Workspace Group WKP£637m

   Saba Capital Management, L.P. campaign

   Saba proposed a 12-month wind-down on 8 January 2026, which the Board rejected. It requisitioned board changes on 8 May, widened them to all six NEDs on 22 May, and holds about 21.12%.

   Activist Saba Capital Management, L.P.Stake 29.7302% – just under the 30% bid thresholdWants board seat(s)Board engaging
   Board urging votes against Saba before AGM

   −17% since 6 Aug · moved 9 Oct

A row opens the situation with its chart and every step. Company pages also show the smaller matters – a new CEO, a plan, a contract, director buying.