Cenatex Holdings LLC Meets with Bri-Chem Corp.

Rhea-AI Summary

Cenatex Holdings LLC, holding a 14.0016% stake (3,701,040 shares) in Bri-Chem Corp (BRYFF), has initiated engagement with the company's board, management, and investors. Led by Barry Hugghins, Cenatex aims to improve Bri-Chem's performance and enhance long-term value through potential changes in board composition, management, business strategies, governance, capital structure, and strategic alternatives. The stake remains unchanged since their May 12, 2025 report. Cenatex may adjust its holdings based on various factors including market conditions, Bri-Chem's performance, and investment opportunities. The company will continue to review its position and may engage in further communications with stakeholders regarding improvements to Bri-Chem's operations.

Positive

• Cenatex Holdings owns a significant 14.0016% stake in Bri-Chem Corp
• Active engagement with board and management shows potential for positive corporate changes
• Investor's commitment to improving company performance and long-term value

Negative

• Uncertainty regarding potential changes in management and board composition
• Possible stock price volatility due to large shareholder's future trading intentions
• Risk of corporate disruption from potential strategic changes

Garland, Texas--(Newsfile Corp. - June 3, 2025) - Barry Hugghins, the member / manager of Cenatex Holdings, LLC ("Cenatex") a Texas limited liability company, has, on behalf of Cenatex, engaged with Bri-Chem Corp. ("Bri-Chem") and its board of directors and/or management, and with certain investors of Bri-Chem with respect to matters it and/or they consider would improve Bri-Chem's performance and enhance its long-term value, including making recommendations, proposals, or voting decisions, as applicable, concerning changes to Bri-Chem's board of directors and/or management, business, strategies, and strategic alternatives, performance, governance, oversight, capitalization, capital or corporate structure, capital allocation policies, and/or potential acquisitions or sales, and other matters to improve Bri-Chem's performance.

Cenatex owns and controls 3,701,040 Common Shares of Bri-Chem, representing 14.0016% of the 26,432,981 issued and outstanding Common Shares, which holdings remain unchanged since the filing of its prior early warning report dated May 12, 2025.

Mr. Hugghins, on behalf of Cenatex, may continue to engage in public or private communications with, or solicitation of, holders of securities of Bri-Chem with respect to matters it and/or they consider would improve Bri-Chem's performance and enhance its long-term value, including making recommendations, proposals, or voting decisions, as applicable, concerning changes to Bri-Chem's board of directors and/or management, business, strategies, and strategic alternatives, performance, governance, oversight, capitalization, capital or corporate structure, capital allocation policies, and/or potential acquisitions or sales, and other matters to improve Bri-Chem's performance.

Subject to applicable securities laws, Cenatex will continue to review its holdings of Bri-Chem securities and, depending on various factors, including applicable laws, the price and availability of the Common Shares, subsequent developments affecting Bri-Chem, its business and prospects, market conditions, general economic and industry conditions, conditions in the securities markets generally, Bri-Chem's governance, business, strategies, performance, financial condition and prospects, other investment and business opportunities available to Cenatex and/or its Joint Actors and/or other relevant factors, may in the future decrease or further increase its holdings of Bri-Chem securities as circumstances warrant, whether in the open market or alternative trading markets, by privately negotiated agreements, or otherwise, and may develop additional plans or intentions with respect to Bri-Chem, and/or pursue any such actions. Subject to applicable securities laws, any transaction or actions that Cenatex may pursue in the future may be made at any time, and from time to time, and without prior notice, and will depend on a variety of factors, including those outlined above.

An updated early warning report relating to the foregoing will be filed on SEDAR+ under Bri-Chem's profile at www.sedarplus.ca. To obtain a copy of such report, please contact Cecil J. Cavanaugh, CPA, at 225-715-6351 or Barry Hugghins at 225-802-2664. The main office of Cenatex is located at 7405 Ramblewood Drive, Garland, Texas 75044. The main office of Bri-Chem is located at 27075 Acheson Road, Acheson, Alberta, T7X 6B1.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254394

FAQ

What percentage of Bri-Chem Corp (BRYFF) does Cenatex Holdings own?

Cenatex Holdings owns 3,701,040 shares of Bri-Chem Corp, representing 14.0016% of the total 26,432,981 outstanding common shares.

What changes is Cenatex Holdings proposing for BRYFF?

Cenatex is proposing potential changes to Bri-Chem's board composition, management, business strategies, governance, capital structure, and exploring strategic alternatives to improve company performance.

Who is leading Cenatex Holdings' engagement with Bri-Chem Corp?

Barry Hugghins, the member/manager of Cenatex Holdings LLC, is leading the engagement with Bri-Chem Corp.

Will Cenatex Holdings increase its stake in BRYFF?

Cenatex may increase or decrease its holdings based on various factors including market conditions, Bri-Chem's performance, and investment opportunities.

When was Cenatex Holdings' last early warning report for BRYFF?

Cenatex Holdings' previous early warning report was filed on May 12, 2025, with no change in holdings since then.