Tags
Andreas Rialas, ARGO, Argo Group, Church House Investment Management, David Fisher, Guy Thomas, Jeroen Bos, Kenneth Watterson, Kyriakos Rialas, Michael Kloter, shareholder activism, shareholder value, tender offer
Here’s a copy of a recent letter to Andreas Rialas of Argo Group (ARGO:LN) – the letter speaks for itself…
‘August 29, 2014
FAO: Andreas Rialas, CIO
Cc: Michael Kloter, Chairman
Kyriakos Rialas, CEO
David Fisher, Director
Kenneth Watterson, Director
Argo Group Limited
33-37 Athol Street
Douglas
Isle of Man
IM1 1LB
Dear Andreas,
Further to our prior conversations, I would like to confirm I now speak for 15.6% (in aggregate) of Argo Group’s outstanding shares. Excluding insiders, this represents 25.0% of Argo’s external shareholder base. Supporters now include well-respected funds and investors such as Church House Investment Management, XXX Capital Management, Guy Thomas, and over two dozen other Argo shareholders.
