Oasis: A Committed Long Term 9.3% Shareholder In Premier Foods

 

  • Oasis has been a significant investor in Premier Foods since 2016
  • In our view Premier Foods had an unsatisfactory response to the recent strategic review which was designed to uncover ways of creating shareholder value
  • We are concerned about the Premier Food’s weak Corporate Governance and potential conflicts of interest
  • As a result, Oasis's head of European Investments, Daniel Wosner, shared his concerns with the board and subsequently resigned from the board
  • As the largest independent shareholder, Oasis has completely lost faith in him – it is time for change
  • We have spoken to other significant institutional shareholders who share similar concerns