Oasis Management Urges Shareholders to Reject Pay Without Performance at The Restaurant Group
Oasis Management Company Ltd. (“Oasis”, “we”) is one of the largest shareholders of The Restaurant Group plc (“TRG”, “the Company”), beneficially holding c.12.3% of the Company’s issued share capital.
- Oasis Management Company Ltd. (“Oasis”, “we”) is one of the largest shareholders of The Restaurant Group plc (“TRG”, “the Company”), beneficially holding c.12.3% of the Company’s issued share capital.
- Without the support of a small number of TRG’s largest holders, the proposals would have failed heavily.
- Shareholders who participated in those equity raises have seen the value of their investment collapse by c.70% since 2018.
- Longer-term shareholders have suffered even worse performance, losing a staggering c.93% since the 2015 peak, whilst currently receiving no dividends, buybacks or capital appreciation.