Wagamama owner faces new assault over ‘ruinous and devastating share price efficiency’
An activist investor has launched a recent broadside in opposition to the owner of Wagamama over its ‘ruinous and devastating share price efficiency’.
Oasis, which owns 6.5 per cent of The Restaurant Group (TRG), known as for higher communication with buyers.
Last week, it demanded sweeping modifications after a 65 per cent share droop prior to now 12 months.
Shares droop: Hong Kong-based activist investor Oasis – which owns 6.5% of Wagamama-owner The Restaurant Group – known as for higher communication with buyers
Now, Oasis says that ‘extra of the identical ruinous and devastating share price efficiency shouldn’t be an choice’ and failure to work with shareholders will depart them ‘with no recourse however to hunt to carry TRG’s representatives to account’.
No buying and selling replace in January meant it was ‘lacking a transparent alternative to tell stakeholders’ concerning the affect of value of dwelling in distinction to rivals, it mentioned.
TRG mentioned it ‘supplied a full response’ to a letter from Oasis on February 16 and would give an replace at its full-year outcomes on March 8.