Synex Reminds Shareholders to Vote the WHITE Proxy to Protect their Investment

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following two offers if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
10-day money back guarantee*
JOIN THE CLUB
Canadian Insider Ad-Free
$49/ year*
All benefits of basic registration
No 3rd party display ads
10-day money back guarantee*
GO AD-FREE

* Price is subject to applicable taxes. Money back guarantee: For bona fide Ad-Free or Canadian Insider Club subscribers, if you downgrade to Basic or cancel with-in 10 days of first subscribing, we will refund your payment upon request. Immediately after downgrading or cancelling, using the same email that is associated with your account, request a refund via our Contact Us form at the bottom of the page. We will only consider one refund request per household or organization. We cannot accommodate refund requests where an account holder has not provided verifiable address and billing information.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Synex Reminds Shareholders to Vote the WHITE Proxy to Protect their Investment

Canada NewsWire

TSX : SXI

  • Management nominees are the better choice.
  • Independent governance and proxy advisory firm recommends a vote for Synex's nominees.
  • Vote the WHITE proxy well in advance of the deadline on November 1st, 2017 at 10 a.m. (Vancouver time).

 

VANCOUVER, Oct. 31, 2017 /CNW/ - The Special Committee of Synex International Inc. (TSX:SXI) (the "Company" or "Synex") encourages shareholders of Synex to elect the management nominees at the upcoming Annual General Meeting of Synex's shareholders being held on Friday, November 3, 2017. Shareholders are reminded to vote using the WHITE proxy or voting instruction form well in advance of the deadline on November 1st, 2017 at 10 a.m. (Vancouver time).

Management's nominees are the better choice. Do not be misled by Daniel Russell (the "Dissident" or "Russell"). A leading independent governance and proxy advisory firm, Glass Lewis & Co ("Glass Lewis"), agrees.

The Dissident Has No Plan

  • Glass Lewis' analysis finds Daniel Russell's arguments "light on detail, lacking in context" and that Russell makes "unquantifiable promises" instead of a detailed plan, which would be expected given his intimate knowledge as a director of Synex for over 13 years.

  • If Russell's hand-picked slate were to be elected and he followed through on his intention to take on a senior management role, he would be positioned to exercise "near-unilateral authority" given the influence held through himself, his spouse and his additional three hand-picked directors. Who will represent the minority shareholders?

The Dissident's Hand-Picked Nominees Lack Experience Required to Steward Synex

  • Glass Lewis concludes that the dissident nominees are not a "favourable alternative". Despite Russell purporting his hand-picked slate of nominees to possess "world-class experience and expertise", an analysis of the nominees outside of himself and his spouse reveals limited industry background and no apparent public board service.

MANAGEMENT SLATE STRENGTH

Management and the management nominees have experience which is directly relevant to the business of a public company operating and developing independent power projects in British Columbia. Unlike the Dissident and certain of his nominees, management and the management slate have:

  • Strong local connections, extensive industry experience and substantial public company governance experience.
  • A history of successfully designing, building and operating medium-sized hydroelectric plants – a complex set of tasks that require specialized and diverse skill sets.
  • Broad-based support from shareholders, unlike the Dissident's primary support from his spouse and members of his family.

The nominees listed in your WHITE proxy represent the best choice for the Company who will act in the best interests of ALL shareholders.

VOTE WHITE FOR SYNEX'S MANAGEMENT NOMINEES

Unlike the Dissidents, whose support is vastly comprised of shares held by himself, his spouse and members of his family, Synex's management nominees enjoy strong support from a broad spectrum of Synex shareholders.

The management nominees have the expertise required to steward Synex forward and they merit your support.

Vote for the Synex management nominees using ONLY Synex's WHITE proxy or voting instruction form.

 

Discard the dissidents' proxy or voting instruction form (voting on the dissidents' proxy or voting instruction form, even if it is against their nominees, will cancel your previous vote using Synex's WHITE proxy or voting instruction form.)

If you have already voted using the dissidents' proxy or voting instruction form, you can change your vote by simply voting using the WHITE proxy or voting instruction form. It is the later-dated proxy or voting instruction form that will be counted.

For more information, Synex Shareholders are encouraged to review in detail, Synex's letters to Shareholders and the Management Information Circular on its website at www.synex.com or under Synex's profile at www.sedar.com.

VOTE TODAY. Time is of the essence and Synex Shareholders are urged to vote online by following the instructions found on the WHITE Proxy or Voting Instruction Form to ensure votes are received in a timely manner.

SOURCE Synex International Inc.

View original content: http://www.newswire.ca/en/releases/archive/October2017/31/c8241.html

Copyright CNW Group 2017

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).