ANCORA BERRY FULL

1 Additionally, we remain concerned by Berry's acquisition track record and leverage philosophy. Regrettably, these results have been accompanied by a paltry 29.7% share price uptick during his nearly five-year tenure. Salmon has presided over a 113.4% increase in annual revenues, an 83.8% increase in annual EBITDA and, most importantly, a 134.3% increase in diluted earnings per share. We have spent significant energy and time analyzing Berry's operational and financial performance since Tom Salmon became Chief Executive Officer in February 2017.

ANCORA BERRY FULL

It is now necessary to initiate a comprehensive review of strategic alternatives, including a full sale or go-private transaction. As total shareholder returns have lagged in recent years, the Board has repeatedly failed to establish an accretive capital allocation policy and seize opportunities to monetize non-core real estate assets. Not only is the size of the accelerated share repurchase transaction wholly insufficient, but the Board did not even increase its existing authorization.

We deem Wednesday afternoon's announcement of $50 million in planned share repurchases to be an insult to investors. In our view, it is time for the Board of Directors (the 'Board') to take real action to address the impediments to value creation that have compounded at Berry. However, despite these tailwinds, Berry has been a chronic underperformer that perpetually trades at a significant discount to the broader market, relevant indices and packaging peers. We also believe Berry has a capable management team that deserves credit for driving meaningful sales growth and earnings improvements in recent years. We believe Berry has a high-quality portfolio of packaging products and a unique value proposition to offer the global manufacturing sector. ('Berry' or the 'Company'), with ownership of approximately one percent of the Company's outstanding shares. Highlands of Scotland and Northern Ireland STD £9.Ancora Holdings Group LLC today announced that it has sent the below letter to Berry Global Group, Inc.'s (NYSE: BERY) Board of Directors.Īncora Holdings Group LLC (together with its affiliates, 'Ancora' or 'we') is a shareholder of Berry Global Group, Inc. The Scottish Islands, Channel Islands ,Southern Ireland will incur and extra up to £20 charge The Scottish Highlands will incur an extra £10 charge. Over 36 bottles please ask for price Next Day courier service The delivery charge is fixed at:ġ Single Bottle £4.60 Royal Mail up to 5 days Not GuaranteedĢ to 15 bottles £9.99 Next Day courier serviceġ6 to 24 bottles £12.99 Next Day courier serviceĢ5 to 36 bottles £15.99 Next Day courier service We deliver throughout mainland UK including England, Wales, Scotland (low lands). Most enquiries are responded to within 1 hour, during normal business hours. If you need to contact us regarding the status of your order please email customer services. Within this email will also be a link you can click on to tracking the progress of your order. Once your order has been dispatched, you will receive an email confirming that your order has left the Dispatch Depot. Our couriers deliver and collect orders from our dispatch locations Monday to Friday, excluding Bank Holidays and other public holidays. Every item of mail is important to us, so we’re working hard to keep any delays to a minimum. Single Bottle are dispatched with Royal Mail can take up to 3 days However, despite our best endeavours, it’s likely some areas of the country will experience some level of disruption due to postal strike-related absences at local mail centres or delivery offices. Orders with more then 1 bottle are dispatched on a Next Day courier service as standard. A majority of orders received before 2.00pm on any Working Day are processed and dispatched the next day on our delivery service.

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