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FirstGroup plc (FGP) · page 4 of 56

FirstGroup plc (FGP) · slide 4

Activist deck · other · establish_context · balanced density

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Thesis: Activist defense (for management) slide · 70%

We believe shareholder conversations will enable us to refine further our Proposals to take into account shareholder feedback and encourage FirstGroup to take a proactive approach towards improving shareholder value.
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