Provexis: Request for Change in Investor Communications
To: Provexis Board of Directors Date: 15th March 2011 Please note that the following Provexis shareholders are in support of the company making positive changes to the way investor relations and communications are carried out. In particular the undersigned would be in favour of: 1. RNS releases to be provided whenever significant events take place, as opposed to being only released due to a legal requirement. 2. An approach to future investor communications that is proactive, prompt, clear and transparent. Suggestions include adding a blog and/or Q&A message board to the Provexis website, an official Facebook page, or an official Twitter feed in order to update investors occasionally about progress and recent activities in addition to RNS releases. 3. Creating an approach to investor communications that makes it a strategic management responsibility aiming to explain the company’s business model and future growth potential which should ultimately contribute to the company achieving fair valuation. 4. The employment of a member of staff with extensive experience of investor relations, either internally or contracted out externally through a specialist agency. This individual should be considered as a member of the top management team in order to ensure that the interests of investors and shareholders are taken into account as part of the decision making process. 5. Incorporating a two-way approach to investor communications. While shareholders greatly appreciate the time and effort Directors have put into allowing shareholders to contact them, this aspect will become increasingly important as the company grows. Adding a Q&A message board to the Provexis website would make this process more efficient as Directors would often avoid having to answer the same question more than once. 6. The addition of an online questionnaire to the Provexis website so investors, customers, members of the public and other stakeholders could provide regular feedback to Provexis regarding business strategy, products and management. The insight that this provides should feed into the organisation's decision making process. This could be the responsibility of the Investor Relations Officer mentioned above. The overall aims of these measures would be to provide a fair valuation of the company and to avoid volatility that is often a result of a lack of information and subsequent speculation. We believe that by incorporating the above requests you will reinforce the strong relationship with investors, extending holding periods, creating active involvement with the company and creating two way communications that will be beneficial to both the company and shareholders. Provexis cannot rely solely on its performance; the Board of Directors must realise that actions do not always speak for themselves. Finally, we would like to thank the Board of Directors for their hard work and success to date and sincerely hope that the above recommendations will be incorporated; which would allow Provexis to excel in investor relations in the same way that it does with its ground-breaking products. “It keeps rolling only as long as you keep hitting it with a stick. The minute you stop, the hoop stops and falls over” - New Dimentions in Investor Relations by Marcus and Wallace Thank you for your time. Yours sincerely, The Undersigned.