DIRTT Announces Receipt of Shareholder Meeting Requisition
11/17/2021 - 06:22 PM
CALGARY, Alberta, Nov. 17, 2021 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (“DIRTT”, the “Company”, “we” or “us”) (Nasdaq: DRTT, TSX: DRT), an interior construction company that uses proprietary software to design, manufacture and install fully customizable environments, announced today that its board of directors (the “Board”) has received a requisition pursuant to section 142 of the Business Corporations Act (Alberta). The requisition requests a special meeting of the Company’s shareholders be called to consider removing from office six (6) of the independent directors of the Company and replacing them with hand-picked nominees of Mr. Aron English of 22NW Fund, LP.
The Board (or a Committee thereof) will review the requisition to, among other things, determine its validity. The Company will respond to the requisition in due course. Shareholders are not required to take any action at this time.
Advisors
DIRTT has retained McMillan LLP as its legal advisor and Kingsdale Advisors as its strategic shareholder advisor and proxy solicitation agent.
About DIRTT
DIRTT is a building process powered by technology. The Company uses its proprietary ICE® software to design, manufacture and install fully customized interior environments. The technology drives DIRTT’s advanced manufacturing and provides certainty on cost, schedule, and the final result. Complete interior spaces are constructed faster, cleaner, and more sustainably. DIRTT has manufacturing facilities in Phoenix, AZ, Savannah, GA, Rock Hill, SC, and Calgary, AB. The Company works with distribution partners throughout North America. DIRTT trades on Nasdaq under the symbol “DRTT” and on the Toronto Stock Exchange under the symbol “DRT”.
DIRTT Environmental Solutions Ltd
DRTT Rankings
#2527 Ranked by Stock Gains
DRTT Stock Data
Industry
Architectural Services
Sector
Professional, Scientific, and Technical Services
Tags
Producer Manufacturing, Building Products, Consumer Durables, Homebuilding, Professional, Scientific, and Technical Services, Architectural Services
About DRTT
dirtt creates award-winning custom prefab interiors for industries including corporate, government, education and healthcare. our innovative approach results in faster, cleaner construction with the highest levels of customization and flexibility; while significantly lowering a building's carbon footprint. dirtt has manufacturing facilities in phoenix, savannah, kelowna and calgary. our teams work with distribution partners throughout north america, the middle east and asia. for more information please visit www.dirtt.net.