An AllianceData Systems Corp. investor hopes to meet with the company's boardto discuss means of improving shareholder value.

ValueActCapital Management LP COO Bradley Singer is representing a group ofrelated companies that disclosed beneficial ownership of 4,000,000 shares ofAlliance Data Systems, representing a stake in the company of 6.8%. Theinvestors purchased about 2.8 million shares since June 15, according to aregulatory filing.

The company plans to talk with the board on topics thatinclude management, board composition, operations, capital allocation, assetallocation, capitalization, dividend policy, financial condition, M&Astrategy, executive pay and corporate governance. Discussions could includewhether a ValueAct employee should serve on the board.

The investors may also hold similar discussions with fellowAlliance Data Systems stockholders and other interested parties such asindustry analysts, existing or potential strategic partners, investmentprofessionals or other investors.

ValueAct will review its investments in Alliance DataSystems and, depending on the outcome of discussions or company actions,purchase or sell shares.