Elliott Advisors (UK) Limited: Elliott Releases Presentation on Sampo
February 24 CMD is Sampo s chance to reset its equity story and restore investor confidence
Materials available at new website www.SimplifyingSampo.com
Elliott Advisors (UK) Limited ( Elliott or we ), which advises funds that as at the date of this release collectively hold investments equivalent to more than 3% of the share capital of Sampo Oyj ( Sampo or the Company ), today published a new presentation outlining a clear pathway to transform Sampo into a pure-play insurer and create in excess of EUR 8 billion of value.
Whilst Sampo s announcement of 10 November 2020 was a positive first step towards making the structural simplifications necessary to re-establish the Company s reputation among investors, Sampo s shares have continued to underperform. Today, Sampo s high quality core insurance business trades at an unmerited ~5x P/E discount to its peers; this sits in stark contrast to the ~4x P/E premium
Alkermes Announces Strategic Value Enhancement Plan and Continued Board Refreshment
Reflecting Rigorous Expense Management, Expected Revenue Growth and Commitment to Shareholder Value Creation -
- Announces Potential Monetization of Non-Core Assets and Reiterates Commitment to Exploring Strategic Collaborations Around ALKS 4230 -
- Two New Independent Directors Appointed and Board Refreshment Program to Continue -
- Alkermes to Host Investor Day in the First Quarter of 2021 to Update Investors on Plan Implementation and R&D Portfolio -
DUBLIN, Dec. 10, 2020 /PRNewswire/ Alkermes plc (Nasdaq: ALKS) today announced a Value Enhancement Plan, or the Plan, designed to drive growth, improve operational and financial performance and enhance shareholder value, as the company continues to advance its mission of developing new medicines designed to have a real-world impact in the treatment of serious mental illness, addiction and cancer. The Plan includes a commitment to multi-year pro