Sherritt Provides Update on Calling of Shareholder Meeting
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Sherritt International Corporation (“Sherritt” or the “Corporation”) (TSX:S) today provided an update on the court application brought by Kyma Capital Limited ("Kyma") seeking to compel a shareholder meeting by the end of September 2026. The Ontario Superior Court of Justice (Commercial List) advised that it could not compel such a meeting within the timeframe requested by Kyma.
In an endorsement issued today, the Court addressed the press release issued by Kyma that suggested a shareholder meeting had already been called for the end of September, finding that no such meeting had been called. The Court stated:
“It has also come to my attention that the applicant [Kyma] has put out a press release suggesting that a shareholder’s meeting has already been called for the end of September. That is not, of course, true. The applicant has sought to do so, but it has not yet been called and given the court's timetable will not be called unless the respondent [Sherritt] agrees to do so on consent (which it has not). It is not to anybody's advantage to carry on the court room battle through press releases nor is the creation of confusion among shareholders helpful to the process. I accept that the release was an error and urge the applicant to issue an appropriate correction as soon as possible."
