Third Party Investment Advisors Support Savitr Capital Board Nominees


Third Party Investment Advisors Support Savitr Capital Board Nominees

Urges Shareholders To Vote GREEN Proxy FOR All Independent Board Nominees

TORONTO--(BUSINESS WIRE)-- Savitr Capital, LLC ("Savitr"), a significant shareholder of Western Wind Energy Corp. (TSX Venture Exchange: WND) (OTCQX: WNDEF) ("Western Wind" or "the Company"), today sent a letter to Western Wind shareholders highlighting credible and influential third party support for Savitr's highly qualified director nominees.

The full text of the letter follows:

Dear Fellow Shareholders:

As you know, Western Wind has continued the barrage of misleading and inaccurate communications with you in an effort to misconstrue the facts. In fact, their recent claim that Forbes Media, LLC, endorsed their directors is a complete misrepresentation. They used content and opinions from an unaffiliated blogger and attempted to mislead you into thinking a reputable financial media institution is supporting them. Please don't be misled by Western Wind.

Important, credible investment advisors have, in fact, expressed their support for Savitr's director nominees. As shareholders of Western Wind, we ask for your support in electing our highly qualified nominees to the Board who have significant expertise in sustainable energy, investing, capital markets and public company governance to oversee the sale process of the Company.



  • "Given that both sides agree a sales process is the next step for this company - and also that the dissidents [Savitr Capital], with a 4.4% stake, have a strong interest in maximizing the outcome of the sales process for all shareholders, and no other apparent motivations to run this contest, we believe that the dissident slate is better positioned to send this message to the market.Shareholder support FOR the dissident slate is therefore warranted." (Institutional Shareholder Services Inc., 12 September 2012)*

  • "We believe that all of the Savitr concerns have merit and should be supported by WND shareholders." (John Mcllveen, MBA, Research Director, Jacob Securities Inc., 31 July 2012)*

  • "The clear intention of the dissident to make sure that the sales process is credible since by the current board's actions in past M&A activities it is not entirely clear that will be the case, even though the board has stated that it is now willing to pursue a sale." (Institutional Shareholder Services Inc., 12 September 2012)*

  • "We...have a lot of concern that management won't do something crazy to disrupt the sale...we encourage investors to vote FOR the dissidents." (Fraser Mackenzie, 12 September 2012)*

*Permission to quote was neither sought nor obtained.


We have always agreed that the best course of action for the Company going forward is a sale. However, as we've established, the current management team has failed on numerous occasions to successfully close deals that benefit shareholders. Institutional Shareholder Services Inc., in their recent report supporting Savitr's Board nominees stated:

  • "Given management's past track record at M&A - including a 2011 strategic review process which appeared to die on the vine, even with a motivated bidder on hand - and even taking into account the possible unintended consequences of a change of control at the board, we believe that change at the board level is necessary to go through a more credible sales process."


The Company's management team has reduced itself to making false statements instead of acting in the best interests of shareholders. We encourage shareholders to vote the GREEN form of proxy to elect Savitr's highly qualified nominees - C. Winston Bennett, Andrew R. Midler, George Smitherman, William (Bill) R. Tharp, and Rita Theil - to Western Wind's Board of Directors.

Savitr encourages shareholders to carefully review its letters, Proxy Circular and other materials and vote only their GREEN proxy by no later than September 20, 2012 at 5:00 pm (Vancouver Time), in advance of the proxy voting deadline.

Voting Instructions: If you have any questions and/or need assistance in voting your shares, please call Kingsdale Shareholder Services at 1-866-229-8166 or 1-416-867-2272 (collect calls accepted).


Andrew R. Midler
Managing Member
Savitr Capital, LLC

About Savitr Capital, LLC

Savitr Capital is an Investment Manager that focuses on investing in renewable and clean energy companies. The firm has a socially responsible approach to investments with a goal of delivering superior risk adjusted return. These financial goals are coupled with a commitment to sustainability and a responsible stewardship by investing in companies poised for leadership in clean and renewable energy. Savitr is a signatory to the United Nations Principles for Responsible Investing (UNPRI) (

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