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

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

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.