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Case Study: EGM – Shareholder Engagement

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Assignment and Challenges

Our client is a $29 billion market cap APAC traded company that retained us to ensure passage of a proposal to approve the sale of a subsidiary. Alliance Advisors was hired after the circular/proxy statement was filed and after ISS had recommended a vote against the sale. The proposed sale of the subsidiary was to a controlling shareholder at a substantial discount to market. In addition, the sale was not shopped to any other buyers and needed 75 % of those voting to vote in favor.

Upon publication of the ISS Research proxy report with an AGAINST Recommendation, millions of votes against the merger are immediately/automatically cast.

Solution

The company hired Alliance Advisors two weeks prior to Proxy Report Release to devise a solicitation. Alliance Advisors started with Register analysis to determine our strongest points of influence. We then created a narrative supporting the merger with strategic rationale and valuation being the cornerstones of our case.

Our shareholder engagement strategy included proxy report rebuttal and live meetings with key stakeholders. Virtually all these firms and institutional shareholders responded positively to our requests for engagement.

Results

Our Engagement results were successful. Alliance Advisors flipped dissenting votes to the extent that the final FOR percentage was 94.77%

EGM – Shareholder Engagement

APAC Power Generation Company

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Alliance Advisors는 글로벌 네트워크를 통해 주주 회의 자문, 주주 참여, 보상, 거버넌스 및 지속 가능성 서비스에 중점을 둔 독립 자문 회사입니다.

우리는 개발에서 대담한 고객 우선 전략의 실행에 이르기까지 그 이상을 추구하여 성공적인 결과를 가져옵니다.

우리의 서비스

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