Sherritt today announced the release of its 2013 Sustainability Report, which reviews Sherritt's sustainability performance progress and achievements during the 2013 calendar year. This is Sherritt's sixth annual sustainability report and in keeping with reduced consumption of resources, it continues to be available only on-line. "Sherritt has a [...]
TORONTO, ONTARIO--(Marketwired - Jul 9, 2014) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Sherritt International Corp. ("Sherritt" or the "Corporation") (TSX:S) announces the timing of its release for second quarter 2014 results. Second-Quarter 2014 Results Release: July 30, 2014, before [...]
Sherritt International announced today that its Board of Directors has approved a quarterly dividend, with respect to the second quarter of 2014, of $0.01 per common share, payable July 14, 2014 to shareholders of record as of the close of business on June 30, 2014. This regular dividend is an "eligible dividend" as defined in the Income Tax Act [...]
Sherritt International announces today that it has executed an agreement with the Government of Cuba to amend an existing Production-Sharing Contract ("PSC") in its oil and gas business for an additional ten-year extension to March 2028. Sherritt is also awaiting final approval by Cuban ministries with respect to four new exploratory PSCs. The [...]
Sherritt announced that all nine of its nominees were elected to the Board at the Annual and Special Meeting of Shareholders today. "I want to thank all shareholders for their feedback, engagement and continued support of the Corporation during the election process," said Harold Stephen, Chairman of Sherritt. "We believe that the result is in the [...]
Sherritt International today reported a first-quarter 2014 loss of $48.2 million, compared to earnings of $23.1 million for first-quarter 2013. Earnings were affected by the impact of higher financing expense related to foreign exchange losses as a result of the weakening of the Canadian dollar against the U.S. dollar ($9.8 million, after-tax, or [...]
Sherritt today advised shareholders to simply ignore dissident nominee George Armoyan's latest false and inflammatory communication. Sherritt obviously takes great exception to Mr. Armoyan's characterization of the facts but does not intend to rehash these issues yet again. Sherritt is disappointed by Mr. Armoyan's propensity to continue to make [...]
Sherritt commented on dissident shareholder Clarke Inc.'s disclosure that it sent a letter to the Ontario Securities Commission today regarding the Corporation's Annual and Special Meeting of Shareholders. Clarke Inc.'s letter to the OSC is wholly without merit and is a transparent attempt to somehow revive a sputtering dissident campaign by [...]
Sherritt today announced it completed the divestiture of its Coal business. "This transaction benefits Sherritt by rationalizing our asset base, significantly enhancing liquidity and providing the opportunity to strengthen our balance sheet," said David Pathe, Chief Executive Officer. "We are continuing to execute on our strategy to build positive [...]
Sherritt announced today that Glass, Lewis & Co. has recommended that its clients vote FOR all of Sherritt's director nominees and resolutions, using only Sherritt's BLUE proxy. Glass Lewis' recommendation follows a similar recommendation from Institutional Shareholder Services, on April 21, 2014. "This is a second important endorsement from a [...]
Sherritt today issued a letter to shareholders. With the proxy voting deadline of 5:00 p.m. on Friday, May 2, 2014 fast approaching, shareholders are urged to vote the BLUE proxy today. The letter to shareholders follows: Dear Fellow Shareholders, The voting deadline for the Sherritt Board of Directors is approaching fast - the future of your [...]
Sherritt announced today that Institutional Shareholder Services has recommended that its clients vote FOR all of Sherritt's director nominees and resolutions, using only Sherritt's BLUE proxy. ISS has also recommended that shareholders do NOT vote using the green dissident proxy. ISS is a leading independent international corporate governance [...]