The Board of Merlin (the "Board") notes the announcement made by ValueAct Capital. Merlin maintains an active dialogue with all its shareholders, including ValueAct Capital. Merlin has had recent discussions with ValueAct Capital, including their perspectives on the options for the Company, and intends to continue the constructive dialogue that it has had to date.
The Board regularly considers all options for driving shareholder value and has concluded that it remains in the best interests of all its shareholders to continue to pursue its current strategy to create a high growth, high return, family entertainment company based upon strong brands and a global portfolio that is naturally balanced against the impact of external factors.
As announced on 3 May 2019 in the trading update at the time of Merlin's Annual General Meeting, trading during this seasonally quiet period of the year has been in line with management expectations and consistent with the guidance provided on 28 February 2019. Merlin has also made good strategic progress in the financial year with seven Midway attractions opened and 244 additional accommodation rooms opened. In addition, Merlin has completed the sale of its ski resort businesses. The Board remains fully confident in the ongoing execution of Merlin's strategy and that its successful delivery will create significant value for shareholders.
For further information please contact:
Debbie Fisher: +44 (0)20 3915 8305
James Crampton: +44 (0)1202 493 014
Fiona Micallef-Eynaud / Imran Jina: +44 (0)20 7404 5959
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