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OneMove Capital Calls for Urgent Change at Sylogist Ltd.: Plans to Requisition Special Meeting to Rebuild Shareholder Trust and Reverse Value Destruction
OneMove Capital Calls for Urgent Change at Sylogist Ltd.: Plans to Requisition Special Meeting to...
About this update from Sylogist Ltd.
[{"type":"text","content":"OneMove Capital Calls for Urgent Change at Sylogist Ltd.: Plans to Requisition Special Meeting to Rebuild Shareholder Trust and Reverse Value Destruction\n\n\n\n OneMove Capital Calls for Urgent Change at Sylogist Ltd.: Plans to Requisition Special Meeting to Rebuild Shareholder Trust and Reverse Value Destruction\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n BRIDGETOWN, Barbados\n \n\n ,\n \n\n Sept. 9, 2025\n \n\n /CNW/ - OneMove Capital Ltd., a significant shareholder of Sylogist Ltd. (TSX: SYZ), announced today that it plans to requisition a special meeting of shareholders to hold the Board accountable for years of value destruction and to nominate three independent, highly qualified directors to restore discipline, accountability, and shareholder trust.\n \n\n Over the past five years, Sylogist's performance has deteriorated dramatically under the current Chairman's leadership. EBITDA margins have collapsed from 57% when\n \n Barry Foster\n \n assumed the role of Chairman to just 15% last quarter, while EBITDA has declined by 58% during the same period. Repeated assurances that growth and profitability would improve have continually failed to materialize, and the lack of management oversight by the Board during this time has left investors with a company that is less profitable and less trusted than it was half a decade ago.\n \n\n\n A Record of Value Destruction Under Barry Foster's Leadership\n \n\n\n\n\n Share price erosion\n \n : The stock price has declined by 35% since\n \n Barry Foster\n \n was appointed Chair in\n \n August 2020\n \n .\n \n\n\n Margins destroyed\n \n : EBITDA margins have fallen from 50% to 15%, reflecting a collapse in operating discipline.\n \n\n\n Earnings gutted\n \n : EBITDA has declined by 58% over the same period, underscoring the erosion of profitability.\n \n\n\n Broken promises\n \n : Management has repeatedly deferred or missed its commitments, undermining credibility with investors and the market.\n \n\n\n Weak alignment\n \n : The Board's limited ownership stands in sharp contrast to that o...