NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF THAT JURISDICTION
Gatemore Capital Management LP
(together with the funds it manages, "Gatemore")
Gatemore calls for immediate leadership
changes to realise YouGov's full value
LONDON, Jan. 14,
2025 /PRNewswire/ -- In a public letter sent to
the Board of Directors of YouGov, Gatemore calls for decisive
action to address the issues driving the Company's
underperformance.
The full text of Gatemore's open letter can be found by
clicking here.
White & Case LLP serves as legal adviser to Gatemore
Capital Management LP.
Investor Contact
Gatemore Capital Management LP
+44 207 580 0300
info@gatemore.com
Media Contact
Greenbrook
Rob White and Teresa Berezowski
+44 207 952 2000
gatemore@greenbrookadvisory.com
DISCLAIMER
Gatemore Capital Management LP, together with the funds it
manages ("Gatemore") is acting on behalf of itself and not as agent
for or on behalf of any third party. Gatemore is publishing this
announcement solely for the information of other shareholders in
YouGov PLC ("YouGov"). This announcement is not intended to be and
does not constitute or contain any investment recommendation as
defined by Regulation (EU) No 596/2014 (as it forms part of the
domestic law in the United Kingdom
by virtue of the European Union (Withdrawal) Act 2018). No
information in this announcement should be construed as
recommending or suggesting an investment strategy. Nothing in this
announcement or in any related materials is a statement of or
indicates or implies any specific or probable value outcome in any
particular circumstance. This announcement is provided merely for
general informational purposes and is not intended to be, nor
should it be construed as (1) investment, financial, tax or legal
advice, or (2) a recommendation to buy, sell or hold any security
or other investment, or to pursue any investment style or strategy.
Neither the information nor any opinion contained in this
announcement constitutes an inducement or offer to purchase or sell
or a solicitation of an offer to purchase or sell any securities or
other investments in YouGov or any other company by Gatemore or any
of its affiliates in any jurisdiction. This announcement does not
consider the investment objective, financial situation, suitability
or the particular need or circumstances of any specific individual
who may access or review this announcement and may not be taken as
advice on the merits of any investment decision. This announcement
is not intended to provide the sole basis for evaluation of, and
does not purport to contain all information that may be required
with respect to, any potential investment in YouGov. Any person who
is in any doubt about the matters to which this announcement
relates should consult an authorised financial adviser or other
person authorised under the UK Financial Services and Markets Act
2000. To the best of Gatemore's ability and belief, all information
contained herein is accurate and reliable, and has been obtained
from public sources that Gatemore believes to be accurate and
reliable. However, such information is presented "as is", without
warranty of any kind, whether express or implied, and Gatemore has
not independently verified the data contained therein. All
expressions of opinion are subject to change without notice, and
Gatemore does not undertake to update or supplement any of the
information, analysis and opinion contained herein.
Gatemore may continue transacting in the shares and securities
of YouGov, and/or derivatives referenced to them (which may include
those providing long and short economic exposure) for an indefinite
period following the date of this announcement and may increase or
decrease its interests in such shares, securities and/or
derivatives at any time.
FORWARD LOOKING STATEMENTS
This announcement contains certain forward-looking statements
and information that are based on Gatemore's beliefs, as well as
assumptions made by, and information currently available to,
Gatemore. These statements include, but are not limited to,
statements about strategies, plans, objectives, expectations,
intentions, expenditures and assumptions and other statements that
are not historical facts. When used herein, words such as
"anticipate," "believe," "estimate," "expect," "intend," "plan" and
"project" and similar expressions (or their negative) are intended
to identify forward-looking statements. These statements reflect
Gatemore's current views with respect to future events, are not
guarantees of future performance and involve risks and
uncertainties that are difficult to predict. Further, certain
forward-looking statements are based upon assumptions as to future
events that may not prove to be accurate. Actual results,
performance or achievements may vary materially and adversely from
those described herein. There is no assurance or guarantee with
respect to the prices at which any securities of YouGov or any
other company will trade, and such securities may not trade at
prices that may be implied herein. Any estimates, projections or
potential impact of the opportunities identified by Gatemore herein
are based on assumptions that Gatemore believes to be reasonable as
of the date hereof, but there can be no assurance or guarantee that
actual results or performance will not differ, and such differences
may be material and adverse. No representation or warranty, express
or implied, is given by Gatemore or any of its officers, employees
or agents as to the achievement or reasonableness of, and no
reliance should be placed on, any projections, estimates,
forecasts, targets, prospects or returns contained herein. Neither
Gatemore nor any of its directors, officers, employees, advisers or
representatives shall have any liability whatsoever (for negligence
or misrepresentation or in tort or under contract or otherwise) for
any loss howsoever arising from any use of information presented in
this announcement or otherwise arising in connection with this
announcement. Any historical financial information, projections,
estimates, forecasts, targets, prospects or returns contained
herein are not necessarily a reliable indicator of future
performance. Nothing in this announcement should be relied upon as
a promise or representation as to the future. Nothing in this
announcement should be considered as a profit forecast.
PERMITTED RECIPIENTS
In relation to the United
Kingdom, this announcement is being issued only to, and is
directed only at, (i) investment professionals specified in Article
19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 as amended (the "Order"), (ii) high net worth
entities, and other persons to whom it may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order
and (iii) persons to whom an invitation or inducement to engage in
investment activity (within the meaning of section 21 of the
Financial Services and Markets Act 2000) in connection with the
issue or sale of any securities of YouGov or any member of its
group may otherwise lawfully be communicated or caused to be
communicated (all such persons together being referred to as
"Permitted Recipients"). Persons who are not Permitted Recipients
must not act or rely on the information contained in this
announcement.
DISTRIBUTION
Not for release, publication or distribution, in whole or in
part, directly or indirectly, in, into or from any jurisdiction
where to do so would constitute a violation of the relevant laws of
that jurisdiction. The distribution of this announcement in certain
countries may be restricted by law and persons who access it are
required to inform themselves and to comply with any such
restrictions. Gatemore disclaims all responsibility where persons
access this announcement in breach of any law or regulation in the
country of which that person is a citizen or in which that person
is residing or is domiciled.
View original
content:https://www.prnewswire.co.uk/news-releases/gatemore-publishes-open-letter-to-the-board-of-yougov-plc-yougov-or-company-302349756.html