ISS and Glass Lewis Back Flint Corp.'s Key Recapitalization Plan
Strong Recommendations for Flint Corp.'s Recapitalization
Leading independent proxy advisory firms, Institutional Shareholder Services Inc. and Glass Lewis & Co., are encouraging common shareholders of Flint Corp. to support an important recapitalization transaction. This move is aimed at positioning the company for enhanced future growth during the upcoming special shareholder meeting.
Why the Recommendations Matter
Both ISS and Glass Lewis have reviewed the strategic rationale, process credibility, and potential risks associated with non-approval. Their favorable recommendations are crucial for shareholders considering this significant restructuring.
Endorsement of Strategic Goals
ISS expressed that the combination of strategic rationale and credible processes justifies their positive stance. Similarly, Glass Lewis believes that the transaction proposed by Flint holds merit for shareholders, thus advocating for their support.
Important Voting Information
Shareholders are urged to cast their votes ahead of the deadline on September 19 at 8:00 a.m. Calgary time. Timely voting can greatly influence the outcome of this essential motion.
Details on the Recapitalization Transaction
Flint Corp. is excited to announce that this recapitalization plan aims to diminish the company’s debt levels and annual interest expenses, streamline its capital structure, and enhance liquidity. The recommended changes are essential for preserving shareholder value and preparing Flint Corp. for future operations.
Understanding Eligibility to Vote
Only shareholders of record as of the end of business on August 18 will be eligible to participate in the voting process at the forthcoming special meeting. Keeping track of these details is key for all investors.
Where to Find Further Information
To thoroughly engage with the materials concerning the recapitalization, shareholders can refer to Flint Corp.'s website or its SEDAR+ profile for comprehensive documents regarding this pivotal meeting.
Importance of ISS and Glass Lewis in Proxy Recommendations
These advisory firms specialize in corporate governance and provide invaluable recommendations to aid shareholders in making informed voting decisions. Their assessments are based on thorough evaluations of the proposed recapitalization's advantages for shareholders.
Executive Remarks on the Situation
Flint's CEO, Barry Card, expressed appreciation for the support from both ISS and Glass Lewis. He encourages all shareholders to actively participate in the vote for this transaction, underscoring its importance to the future trajectory of the company.
About Flint Corp.
Flint Corp. boasts over a century of operational experience, delivering quality solutions across Energy and Industrial sectors. Their services include crucial areas like Oil & Gas, Petrochemical, Mining, and Environmental Services, leveraging their wide-reaching workforce across the country.
Getting in Touch
For any inquiries, including assistance with voting, stakeholders can reach out directly to the company's representatives. Barry Card, CEO, and Jennifer Stubbs, CFO, are available for queries regarding the ongoing corporate activities.
Support for Shareholders
For further assistance, Flint securityholders can contact Carson Proxy Advisors Ltd., offering services for those needing help with the proxy voting process to ensure all questions are answered before the deadline.
Frequently Asked Questions
What is the recapitalization transaction?
The recapitalization transaction is a strategic plan aimed at reducing Flint Corp.'s debt and improving its financial structure.
Why do ISS and Glass Lewis recommend the transaction?
Both firms found that there are compelling strategic reasons supporting the transaction, which also mitigates risks associated with non-approval.
What is the voting deadline?
Shareholders must submit their votes by September 19 at 8:00 a.m. Calgary time.
Who is eligible to vote?
Only shareholders of record as of the close of business on August 18 are permitted to vote at the meeting.
How can shareholders get more information?
Shareholders can access information about the meeting and related materials on Flint Corp.'s website and through its SEDAR+ profile.
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