Believes Accelerated Retirement of Chair Mike Clasper Represents Ideal Moment in Time to Assess All Potential Options to Maximize Value
NEW YORK–(BUSINESS WIRE)–Irenic Capital Management, LP, a significant shareholder of SSP Group plc (“SSP” or the “Company”) (LSE: SSPG) today issued the following statement in response to the news that Chair Mike Clasper CBE has accelerated his retirement and plans to step down as a Director and Chair following the Company’s AGM scheduled for 23 January 2026:
“We commend Mike for his nearly six years of service as Chair of SSP and thank him for his contributions. With Mr. Clasper’s departure, it is now an opportune time for SSP to assess all its options. We are confident the Board will conduct a full strategic review to evaluate all paths to maximize shareholder value, and we look forward to continuing to engage with management and the Board of Directors during this process.”
About Irenic
Irenic Capital Management, LP is an investment management firm founded by Adam Katz and Andy Dodge. Based in New York City, Irenic works collaboratively with publicly traded companies to ensure operating activities, capital deployment and management incentives are all aligned to create value for the company and its owners. For more information about Irenic, please visit www.irenicmgmt.com.
Contacts
For Investors:
Jeff Shookus
Irenic Capital Management
[email protected]
For Media:
Longacre Square Partners
[email protected]
