In April 2006, UKSA wrote to all shareholders in Surfcontrol Plc and commented on the company's existing share buy back policy, and the lack of a dividend. The letter can be seen at: Surfcontrol_Letter

Note to Surfcontrol shareholders:  If you haven't already received and read the letter, please look at it.

The following press release was issued in late April 2006 covering the UKSA campaign on share buy-backs: Press029_Share_BuyBacks which refers to Surfcontrol. Note that in an article in the Financial Times on 29/4/2006 referencing our campaign on Surfcontrol, Simon Wilson the Finance Director of the company, is quoted as saying "Shareholders can exit. It is their choice." Is he suggesting that if shareholders don't like the current policy, they can vote with their feet?

The following letter was sent to interested shareholders after the 2006 results were published: Surfcontrol_Letter2

At the AGM on the 19th October 2006, the resolution to permit continued share buy-backs was approved and the board reiterated their commitment to this policy as it was supported by their US institutional shareholders. In addition the board feels the company is undervalued at the current share price. A full report on the AGM can be viewed by UKSA members in the Members-Only section of this web site at: www.uksa.org.uk/MembersOnly/Company_Report_Surfcontrol.htm