Workspace hits back at activist investor plans ahead of shareholder vote
Saba then called in May for all six of the firm’s non-executive directors to be ousted and replaced
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Summary
Saba then called in May for all six of the firm’s non-executive directors to be ousted and replaced. In May, it said results for the year to March 2027 would be impacted by lower rents and occupancy rates amid wider economic uncertainty, as well as rising debt and energy costs. Saba said earlier this week it believed Workspace had “failed its investors”, adding it had “little confidence” that the firm’s turnaround strategy would succeed, due to its “long record of value destruction”.
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Saba then called in May for all six of the firm’s non-executive directors to be ousted and replaced.
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In May, it said results for the year to March 2027 would be impacted by lower rents and occupancy rates amid wider economic uncertainty, as well as rising debt and energy costs.
according to The IndependentSaba said earlier this week it believed Workspace had “failed its investors”, adding it had “little confidence” that the firm’s turnaround strategy would succeed, due to its “long record of value destruction”.
according to The Independent
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