Performance Sports Group Ltd. (NYSE:PSG) (TSX:PSG) (“Performance Sports
Group” or the “Company”), a leading developer and manufacturer of high
performance sports equipment and apparel, is commenting on recent market
rumors related to W. Graeme Roustan, who today announced that he is
withdrawing his name as a candidate for the Company’s upcoming director
elections.
There has been media coverage of a possible proposal from Mr. Roustan to
make a bid for the Company. While the Company does not generally comment
publicly on market speculation or rumors, in light of these media
reports combined with Mr. Roustan’s announced withdrawal, the Company
believes it is prudent to advise investors that Performance Sports Group
has not received any proposal or communication from Mr. Roustan
concerning a potential bid for the Company and is not otherwise aware of
any information supporting these rumors. The Company does not anticipate
issuing any further public statement regarding any rumors or speculation
in the marketplace unless required by applicable laws.
Additional Information and Where to Find It
The Company has filed a definitive proxy statement with the U.S.
Securities and Exchange Commission (the “SEC”) on September 18, 2015
with respect to its 2015 Annual and Special Meeting of Shareholders (the
“proxy statement”). SHAREHOLDERS ARE STRONGLY ENCOURAGED TO READ THE
PROXY STATEMENT, THE ACCOMPANYING WHITE PROXY CARD AND OTHER DOCUMENTS
FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY BECAUSE THEY CONTAIN
IMPORTANT INFORMATION.
The Company, its directors, executive officers and other employees may
be deemed to be participants in the solicitation of proxies from
shareholders in connection with the matters to be considered at the
Company’s 2015 Annual and Special Meeting. Information about the
Company’s directors and executive officers is available in the proxy
statement. Shareholders may obtain the proxy statement, any amendments
or supplements to the proxy statement and other documents filed by the
Company with the SEC free of charge at the SEC’s website at www.sec.gov
and on SEDAR at www.sedar.com.
Copies also will be available free of charge by contacting Investor
Relations at (603) 610-5802.
About Performance Sports Group Ltd.
Performance Sports Group Ltd. (NYSE: PSG) (TSX: PSG) is a leading
developer and manufacturer of ice hockey, roller hockey, lacrosse,
baseball and softball sports equipment, as well as related apparel and
soccer apparel. The Company is the global leader in hockey with the
strongest and most recognized brand, and it holds the No. 1 North
American position in baseball and softball. Its products are marketed
under the BAUER, MISSION, MAVERIK, CASCADE, INARIA, COMBAT and EASTON
brand names and are distributed by sales representatives and independent
distributors throughout the world. The Company is focused on building
its leadership position by growing market share in all product
categories and pursuing strategic acquisitions. Performance Sports Group
is a member of the Russell 2000 and 3000 Indexes, as well as the S&P/TSX
Composite Index. For more information on the Company, please visit www.PerformanceSportsGroup.com.
Caution Regarding Forward-Looking Statements
This press release includes forward-looking statements within the
meaning of applicable securities laws including with respect to, our
2015 Annual and Special Meeting of Shareholders on October 14, 2015 and
recent market speculation and rumors.
Forward-looking statements, by their nature, are based on assumptions
and are subject to important risks and uncertainties. Many factors could
cause outcomes to differ materially from those expressed or implied by
the forward-looking statements. Furthermore, unless otherwise stated,
the forward-looking statements contained in this press release are made
as of the date of this press release, and we have no intention and
undertake no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise, except as required by law.
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