|Modern Slavery Act 2015 Statement |
|This statement is made pursuant to section 54 of the Modern Slavery Act 2015.
EAUK does not tolerate any slavery or human trafficking practices within its business or within its supply chains.
Whilst it is acknowledged that risk factors are present in all global supply chains and across all sectors, it is believed that EAUK's relative exposure to slavery, human trafficking and forced labour is low given the nature of its business as a regulated financial services business.
EAUK has detailed below the following areas where it sees potential risks that need to be assessed and managed:
Direct Risk: EAUK complies with all applicable employment and human rights laws. EAUK's employees are highly skilled professionals and EAUK has implemented robust procedures to ensure the risk of employing a trafficked or exploited person within the business either directly, or through a subcontractor, recruitment agency or as a consultant is low.
Indirect Risk: EAUK's supply chain primarily consists of regulated financial services providers, professional advisors (lawyers, accountants etc) and IT infrastructure and office services. EAUK regards each of these supplier categories to be at low risk of contravening the Act.
Additionally, when providing advice in respect of the acquisition of a controlling interest in a company, EAUK undertakes a risk assessment and due diligence process which will be amended to include inquiries regarding Modern Slavery.
EAUK will seek to require that new, and on renewal of a relevant contract, existing suppliers provide confirmation of their compliance with the Modern Slavery Act.
EAUK will amend its risk assessment and due diligence process in respect of advising on the acquisition of controlling interests in companies to include inquiries relating to compliance with the Modern Slavery Act.
|Commitment to the UK Stewardship Code |
|Under Rule 2.2.3R of the
FCA's Conduct of Business Sourcebook, Elliott Advisors (UK) Ltd. and
Elliott Advisors (London) LLC (the "Firm") are required to include
on this website a disclosure about the nature of their commitment to
the UK Financial Reporting Council's Stewardship Code (the "Code")
or, where they do not commit to the Code, their alternative
investment strategy. The Code is a voluntary code and sets out a
number of principles relating to engagement by investors with UK
equity issuers. Investors that commit to the Code can either comply
with it in full or choose not to comply with certain aspects of the
Code, in which case they are required to explain their
|The Firm pursues a
multi-strategy investment approach, including strategies that
involve investing in global equities, including UK equities. The
Code is therefore only relevant to some aspects of the Firm's
trading. While the Firm generally supports the objectives that
underlie the Code, the Firm has chosen not to commit to the Code.
The Firm invests in a variety of asset classes and in a variety of
jurisdictions. The approach/policies of the Firm in relation to
engagement with issuers and their management are therefore
determined globally, on a group wide basis. The Firm takes a
consistent global approach to engagement with issuers and their
management in all of the jurisdictions in which it invests and,
consequently, does not consider it appropriate to commit to any
particular voluntary code of practice relating to any individual
|Information for Disclosing Market Participants |
|On occasion Elliott Advisors (UK) Limited ("EAUK") / Elliott Advisors (London) LLC ("EALL") will be the recipient of a market sounding. A market sounding is an interaction between an issuer or a seller of financial instruments (or in certain circumstances, someone acting on their behalf) (together, the "Disclosing Market Participant" or "DMP") and one or more potential investors (the "Market Sounding Recipient" or "MSR"), prior to the announcement of a transaction in order to gauge the interest of MSRs in the possible transaction. The disclosure of inside information by a bidder prior to a takeover is also a market sounding.|
In accordance with the rules and guidance prescribed by the EU Market Abuse Regulation, EAUK and EALL (as potential MSRs) have designated the following persons as contact points to receive market soundings:
- Christopher Leonard, Assistant GC, Senior European and Compliance Counsel
- Nicholas Barrett, Compliance Officer
The above parties can be reached at 020 3009 1818.
ANY COMMUNICATION BY A DMP WHICH CONCERNS A MARKET SOUNDING MUST BE ADDRESSED TO THE PERSONS ABOVE ONLY, EXCLUDING ANY OTHER ELLIOTT PERSONNEL