Ann: Change in substantial holding from SNC, page-2

Sandon Capital is an investment firm focussed first and foremost on finding undervalued companies.

What sets us apart from other investment firms is our dedication to pursuing an activist strategy. We believe shareholders, as fractional owners, should be actively engaged owners. We consistently engage with boards and other shareholders on strategies to tap into and realise value for the benefit of shareholders.

While commonplace in the United States, Europe and the UK, shareholder activism with boards has only recently gained broader momentum in Australia – despite Australia having one of the most conducive legal and regulatory frameworks for activism in the world.

With a long track record of successful campaigns and strong investor returns, Sandon Capital is one of the most respected and followed “activist” investors in the country.