On May 17, 2021, Coast Capital LLC announced that it has called on FirstGroup PLC's investors to vote against the proposed sale of its First Student and First Transit assets. Coast Capital stated that unless the proposal is meaningfully improved, Coast Capital recommends that all stakeholders repudiate and vote against the flawed and inadequate proposal on May 27, 2021. Coast Capital added that if an improved deal is not deliverable within the existing construct, the Company should retain its key assets and pursue a complete, competitive, and transparent process that looks at a wide range of value creation alternatives with the benefit of schools reopening, a better market and macro backdrop as the pandemic is progressively brought under control.