The Factsdev_q3ovsb2019-06-21T21:01:48+00:00

The objective is to unite shareholders, vote for change and preserve shareholder value.

The objective is to unite shareholders, vote for change and preserve shareholder value.

Andrew Tinkler, Shareholder (CEO March 2008 – 29 June 2017)

When I decided to step down as CEO 29 June 2017, Stobart Group was a superbrand company – a powerhouse in UK infrastructure and support services. The below figures represent the value of the company in June 2017.

• Share price of £2.96¹

• Annual dividend of 18p per share²

• Market cap value more than £1billion¹

• FTSE 250 listed company³

• Net Assets £531 million⁴

Positive Stobart share price performance against FTSE 250 index 26 June 2015 – 30 June 2017

graph2alt

Warwick Brady (CEO 30 June 2017 – current)

In the two years since Warwick Brady was appointed CEO, Stobart Group’s share price has declined by -65% – a clear destruction in shareholder value. As of June 2019, the below represents the current company figures.

• Share price has plummeted to £1.01⁵

• Annual dividend slashed to 6p per share²

• Market cap has fallen to £374.5 million⁵

• The company has been removed from the FTSE 250³

• Net Assets decreased to £297 million⁴

Negative Stobart share price performance against FTSE 250 index 30 June 2017 – 4 June 2019

Share Graph to 4:6:19

Current CEO Mr Warwick Brady, according to the 2019 Annual Report, stands to receive a bonus worth up to £30 million under the
Stobart Aviation Incentive Plan (S.A.I.P.). This bonus was agreed by the REMCO committee – now headed up by John Coombs.

The full details of this were never placed before shareholders to vote on at last year’s AGM. Nor did the required detail appear in the Annual Report for 2018. The company has acknowledged that they failed to put the remuneration package to a shareholder vote on page 59 of the 2019 Annual Report. Click here to read the report

Shareholders should have been made aware that this skewed potential reward for the CEO was not aligned with total shareholder value but with the aviation division alone.

Use your vote. Save Stobart Group.

Use your vote.

Save Stobart Group.

Disclaimer

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Certain information included in this communication is based on information obtained from third-party sources. Save Stobart Group has not sought or obtained consent from any third party to use any statements or information indicated herein. Any such statements or information should not be viewed as indicating the support of such third party for the views expressed in the Materials. No warranty is made by the inclusion of any data or information, whether derived or obtained from public filings made by Stobart Group or from any third party, that such data or information is accurate, complete or comprehensive. Save Stobart Group recognises that there may be confidential information in the possession of Stobart Group that could lead them to disagree with our conclusions. Save Stobart Group shall not be responsible or have any liability for any misinformation contained in any Stobart Group filing or third-party report.

Any projections or analysis provided to assist the recipient of this communication in evaluating the matters described herein may be based on subjective assessments and assumptions and may use one among alternative methodologies that produce different results. Accordingly, any projections or analysis should not be viewed as factual and should not be relied upon as an accurate prediction of future results.

The Materials are for informational purposes only and may not be relied on by any person for any purpose and are not, and should not be construed as, investment, financial, legal, tax or other advice or recommendations. The Materials are not intended to be and do not constitute or contain any investment recommendation or any financial product advice under any applicable law or regulation. No information in any of the Materials should be construed as recommending or suggesting an investment strategy or as representing any opinion as to the present or future value of any financial instrument. Investors should seek their own financial, legal and tax advice in respect of any decision regarding Stobart Group.

No representation or warranty, express or implied, is or will be given by Save Stobart Group and no responsibility or liability is accepted for the accuracy or sufficiency thereof, or for any errors, omissions or misstatements, negligent or otherwise, relating thereto. In particular, no representation or warranty, express or implied, is given as to the achievement or reasonableness of, and no reliance should be placed on, any projections, targets, estimates or forecasts and nothing in The Materials is or should be relied on as a promise or representation as to the future. Accordingly, Save Stobart Group shall not be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on any statement in or omission from these Materials. All Materials are meant to be reviewed in their entirety, including any footnotes, legal disclaimers, restrictions, or disclosures, and any copyright or proprietary notices.

Nothing in the Materials is intended to be a prediction of the future trading price or market value of securities of Stobart Group. The estimates, projections, pro forma information and potential impact of Save Stobart Group's analyses set out herein are based on assumptions that we believe to be reasonable as of the date of publication, but there can be no assurance or guarantee that actual results or performance of Stobart Group will not differ, and such differences may be material. The Materials do not recommend the purchase or sale of any security. Save Stobart Group reserves the right to change any of its opinions expressed in the Materials at any time as it deems appropriate.

Under no circumstances are the Materials intended to be, nor should it be construed as, an offer to sell or a solicitation of an offer to buy any security.

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