Ralph Whitworth Board Quotations

Sovereign's board continues to march forward on its cynical campaign to deprive its shareholders, at their expense, of the right to vote on transformational transactions.

Sovereign's board members have repeatedly breached trust with the very shareholders they were elected to represent. These directors must be removed as promptly as possible.

There may or may not ever be a vote on these deals, so what we really want is a vote prior to the consummation of them on our board representation. Then if we have to digest and swallow these deals then we have to.

I am pleased to achieve our original objective of obtaining board representation, and I look forward to working constructively with the board and Sovereign's management team to build share value for the future.