Walter Energy Inc.
WLT today confirmed that Audley
European Opportunities Fund, Ltd, an affiliate of hedge fund Audley
Capital Advisors LLP (Audley), sought to advise the Company of its
intent to nominate a slate of five director candidates to stand for
election at the Company's 2013 Annual Shareholders Meeting.
Audley has not communicated with the Company about its proposed slate
of directors outside of its notice of intent prior to today's public
announcement.
The Company said that its Board and management team remain fully
committed to creating value for all shareholders through the
successful execution of the Company's strategy.
The date for the 2013 Annual Meeting has not yet been announced.
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