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March 25, 2013
07:12 EDTWLTAudley Capital urges Walter Energy investors to vote for director nominees
Audley Capital is sending a letter to Walter Energy stockholders urging them to vote the GOLD proxy card for Audley Capital’s five highly-qualified and experienced director nominees who are strong candidates to implement needed financial and operational initiatives that can create lasting value at the company. Julian Treger, Managing Partner of Audley Capital, said, “We firmly believe that the inherent value in Walter Energy is not reflected by the current share price, and remain confident that our five highly-qualified and experienced Board nominees possess the mining and public company experience necessary to unlock the underlying near-and long-term value at the company. We believe that voting for the company’s current director slate will only embolden the Board and management to continue making strategic, financial and operational decisions that are harmful to stockholder value. We urge stockholders to send a clear message to Walter Energy’s Board and management by electing Audley Capital’s Board candidates, who will work to execute a clear strategic plan to drive long-term growth and value creation at the company.”
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