Brief: Engaged Capital Reports 5.1% Share Stake In PRA Group As Of Dec 4 - SEC Filing

PRA

13/12/2023 14:11

Dec 13 (Reuters) - PRA Group Inc  PRAA.O :
    * ENGAGED CAPITAL LLC REPORTS 5.1% SHARE STAKE IN PRA GROUP
INC AS
OF DEC 4 - SEC FILING
    * ENGAGED CAPITAL LLC - PURCHASES PRA GROUP'S SHARES BASED
ON
BELIEF THAT SHARES, WHEN PURCHASED, WERE "UNDERVALUED"
    * ENGAGED CAPITAL LLC - INTENDS TO CONTINUE TO ENGAGE WITH
PRA
GROUP’S BOARD, MANAGEMENT REGARDING OPPORTUNITIES TO MAXIMIZE
STOCKHOLDER VALUE
    * ENGAGED CAPITAL-BELIEVES PRA GROUP’S STOCK PRICE DECLINED
IN
PART DUE TO LACK OF DISCIPLINED OPERATIONAL FOCUS, INSUFFICIENT
OVERSIGHT FROM CO'S BOARD

Source text for Eikon: [https://bitly.ws/35QU9]
Further company coverage:  PRAA.O 

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