De La Rue, activist investor Crystal Amber clash over company performance, leadership

BRUSSELS, July 25, 2019 (PPI Europe) -De La Rue and one of its shareholders, the activist fund Crystal Amber, are at loggerheads over the company’s performance and board. Following a 34% drop in share price after the publication of De La Rue’s full year results and chief executive Martin Sutherland’s decision to step down after a third profit warning in less than two years, Crystal Amber is pushing for chairman Philip Rogerson to leave his post before or at the company’s annual general meeting (AGM) on July 25.

Amongst others, the fund blames Rogerson, who already agreed to step down once ...

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