RCS - Phoenix Asset Mgmt. - Further Information for Dignity PLC shareholders

DignityAnnouncement

06/04/2021 14:20

RNS Number : 5213U
  
Phoenix Asset Management Partners L
  
06 April 2021
  
 

6th April, 2021
 
 
Further information regarding the general meeting of Dignity Plc ("the Company")
 
Following our open letter dated 31 March 2021 and subsequent meetings we have had with fellow shareholders, we would like to provide further clarity on two key points.
 
1. Phoenix has made a binding commitment not to bid for the Company, and is therefore wholly aligned with other shareholders. We made this commitment in November 2020 when we entered into a collaboration agreement with Dignity.
 
2. Phoenix will not seek to control the board of Dignity. If the motions are successful we will work with the existing board. If the Non Executive Directors decide to step down, we and the board will commence a process to appoint independent Non Executive Directors including a non-executive chairman. This will result in a new board with a majority of independent Directors.
 
 
We want to return to our work helping Dignity develop the best strategy for long term value creation because that is what we believe will deliver the best outcome for shareholders. If we lose the vote the board has said it will block Phoenix's involvement with Dignity and remove our board representative.
 
The only way we will benefit from our involvement with Dignity is through a rise in the value of the shares combined with any dividends received. We stand shoulder to shoulder with all our fellow shareholders in this respect.
 
Phoenix Asset Management Partners Limited
 
phoenix@pamp.co.uk
 
 
 
 
 
 

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