Morrow Sodali Acquires GPS Australia

To Our Clients and Friends 

We are pleased to inform you that Morrow Sodali has acquired majority interest in GPS - Global Proxy Solicitation, the Australian expert in shareholder engagement and proxy strategies. This is an exciting and important step for both companies as we continue to strive to provide our clients with unmatched global expertise and local market knowledge. 

First, and most importantly, I want to assure you that this announcement will not alter your current relationships with Morrow Sodali executives. You will see no change in your day-to-day interaction with us. What you will notice is the additional perspective and resources that will enhance our offering to you. With the addition of a great name like GPS, we are even better equipped to help our clients deal with the complex governance, regulatory and shareholder challenges that arise in local markets. This will be particularly evident with respect to cross-border transactions, shareholder activism, dissident campaigns, proxy contests and takeover bids that have a global dimension. 

The reality of today’s global financial markets is that most publicly traded companies are owned by investors from around the world with diverse governance policies and investment strategies. Morrow Sodali is well positioned to help clients in every market understand and address the demands of this diverse population. Our services are customized to take account of both global expectations and local business conditions, enabling clients, no matter where their stock is traded, to reach and educate their shareholders and to make a convincing case in support of their governance policies and business strategy. 

The undersigned will serve respectively as Chairman and CEO of Morrow Sodali, but the management structure will continue to be flat, with strategic leadership roles shared by the executives and account managers with whom you work on a daily basis. We are a tight-knit global team that is committed to working together and maximizing the value we provide to clients in every market we serve. 

This is truly an exciting time for Morrow Sodali and holds great promise for the future. We will continue to focus on preserving our personalized service, strong client relationships and the credibility with institutional investors that have been key to our success for more than 40 years. Over the long term we will be looking for additional opportunities to further develop our ability to help clients predict and deal effectively with the changing expectations of shareholders, regulators and the financial markets. 

If you have any questions or concerns, please always feel free to reach out to either of us directly. Your feedback is important to us. We will be sure to keep you apprised of any further developments. 

Sincerely, 

 John Wilcox, Chairman

Alvise Recchi, CEO