Elliott gsk letter pdf

Elliott gsk letter pdf

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Having new elliott-letter-gskvFree download as PDF File.pdf), Text File.txt) or read online for free Activist hedge fund Elliott Management has built a multibillion-pound stake in UK drugmaker GlaxoSmithKline, setting up a potential battle over the company’s future after it underperformed Hedge fund Elliott Management has written an open letter to UK pharmaceutical giant GlaxoSmithKline’s board to voice concerns about its management and its chief executive. Shingrix £ billion +17%, Arexvy £ billion GSK Financial statements of GSK plc prepared under UK GAAP GSK Annual ReportThe Directors are responsible for preparing the Annual Report, the Remuneration report and the Group and parent company financial statements in accordance with applicable law and regulations GlaxoSmithKline’s board has backed current chief executive Emma Walmsley, rejecting demands from Elliott Management to appoint new directors and determine whether she should continue in the jobIn an open letter (PDF) to GSK Chairman Jonathan Symonds, Elliott called for an overhaul of the GSK board to include directors with biopharma and consumer health experience. “The time has come for a broader discussion regarding GSK’s potential and how best to achieve it,” said the letter Please read the whole of this document including the GSK delivers strong performance and upgrades growth outlooks Broad-based performance drives sales, profits and earnings growth: Total sales £ billion +5% and +14% ex COVID Vaccines sales +25%, +24% ex COVID. The Materials represent the opinion of Elliott Investment Management L.P. and its affiliates (together, “Elliott”) and have been compiled based on publicly available information Activist investor Elliott today launched its long-awaited bombshell gameplan for how GlaxoSmithKline should be revived and heavily hinted that boss Emma Walmsley Ahead of GSK’s investor day next week, activist investor Elliott has sown doubt about whether Walmsley should stay to push through the transformation planned for the group Visit all related sites hosted by Elliott Investment Management, including Elliott Letters, Elliott Docs, Elliott Materials, and others GSK Annual ReportIndependent Auditor’s report to the members of GSK plc Report on the audit of the financial statementsOpinion In our opinion: – The financial statements of GSK plc (the ‘Parent company’) and its Your attention is drawn to the letter from your Chair which is set out in Part(Letter from the Chair)ofthis document and which contains the recommendation of the GSK Board that you vote in favour of the Resolutions to be proposed at the General Meeting referred to below.