ETFS Capital Publishes Presentation Outlining the Opportunity to Unlock Value at Wisdom Tree
2024年5月22日 - 5:00AM
ETFS Capital Limited (“ETFS Capital”), the largest combined owner
of common stock, $0.01 par value (the “Common Stock”), and Series A
Non-Voting Convertible Preferred Stock (the “Series A Preferred
Stock”) of WisdomTree, Inc. (“WisdomTree” or the “Company”) (NYSE:
WT), with ownership of approximately 10% of the outstanding Common
Stock, which together with its Series A Preferred Stock would
represent approximately 18% of the Company’s outstanding Common
Stock on an as-converted basis, today published a presentation
detailing its analysis that WisdomTree trades at a significant
discount to the value of its core ETF business, and concludes that
the Company’s board of directors (the “Board”) must run a truly
independent strategic review process with a reputable bank to
evaluate all options to unlock value for stockholders.
“We became the largest stockholder in WisdomTree because we had
faith in the Company and its future.However, we and all
stockholders have been badly let down by the Company’s management
and Board. We believe that with the proper leadership and attention
to the core ETF business, the Company could unlock the significant
value trapped within its shares.
We have tried repeatedly to work constructively and privately
with the Board, but they would rather rage than engage. We don’t
want to run a proxy contest; we just want a truly independent
strategic review of the Company on how best to maximize value for
stockholders. What exactly is the Board afraid of?” said ETFS
Capital’s Chairman, Mr. Graham Tuckwell.
ETFS Capital’s investor presentation can be found here
www.UnlockWT.com.
A copy of ETFS Capital’s presentation, letter to stockholders,
definitive proxy statement, and information on how to vote
AGAINST the re-election of the Chairman Win
Neuger, Director Anthony Bossone, and CEO and Director Jonathan
Steinberg on the GOLD proxy card
or GOLD voting instruction form are
available at www.UnlockWT.com.
Stockholders who have questions or require assistance in voting
their GOLD proxy card, or need additional copies
of ETFS Capital’s proxy materials, are encouraged to contact
Saratoga Proxy Consulting LLC at (888) 368-0379 or (212) 257-1311
or info@saratogaproxy.com
About ETFS Capital LimitedIn November 2017,
WisdomTree agreed to spend $611 million to acquire the European ETC
business of ETF Securities Limited (now called ETFS Capital
Limited) for cash and shares, becoming the largest shareholder in
WisdomTree.
ETFS Capital is an Australian-based holding company with a
London-based strategic investment company focused on growth
opportunities across the ETF ecosystem. As part of its investment
process, ETFS Capital receives and analyses many dozens of business
ideas and proposals within the ETF ecosphere each year and conducts
in-depth technical and commercial due diligence on the companies
where it chooses to deploy capital. Thereafter it engages in a
hands-on approach, as a partner to management teams and Boards
bringing its unparalleled industry-specific expertise for the
benefit of those companies.
Investor Contact:John FergusonSaratoga Proxy
Consulting LLCToll free (888)
368-0379+1-212-257-1311info@saratogaproxy.com www.UnlockWT.com
Media Contact:Dan Gagnier / Riyaz LalaniGagnier
Communications LLC+1-646-569-5897ETFS@gagnierfc.com
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