Clarke (TSX:CKI, StockForum), a Halifax Nova Scotia-based investment holding firm operating mainly in Canada, announced today that the company, as a shareholder in Sherritt International, filed a proxy circular to support the election of three new independent directors to Sherritt's board when Sherritt's annual and special meeting is held on May 6, 2014.
According to the news release, “The Circular also provides reasons to vote in favour of four Shareholder Proposals submitted earlier by the Concerned Shareholders. The complete Concerned Shareholders Information Circular can be downloaded at www.SaveOurSherritt.com and www.sedar.com.”
Clarke president and CEO, George Armoyan, commented, “Sherritt is led by a Board and management with no vested interest in generating returns for shareholders.”
He went on to explain, “The only way to create meaningful value at Sherritt is to bring true representatives of the shareholders onto the Board who can take action for all shareholders.”
Then he concluded, “The Concerned Shareholders have already driven more positive change at Sherritt than the current Board has in years. We can accelerate that momentum with new directors.”