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OneMove Capital Demands Independent Leadership of Sylogist Special Committee
OneMove Capital Demands Independent Leadership of Sylogist Special Committee Canada NewsW...
About this update from Sylogist Ltd.
[{"type":"text","content":"\n\n\nOneMove Capital Demands Independent Leadership of Sylogist Special Committee\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.prnml40{\nMARGIN-LEFT:3.33em !IMPORTANT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nCanada NewsWire\n\n\nCalls for Immediate Appointment of Andrew Shen as Committee Chair and Recusal of Conflicted PenderFund Insider Errol OlsenUrges Shareholders to Vote FOR its Nominees on Their GOLD PROXY CARD or GOLD VOTING INSTRUCTION FORM ahead of the May 12 Annual and Special MeetingBRIDGETOWN, Barbados, April 27, 2026 /CNW/ -- OneMove Capital Ltd. (\"OneMove\"), the largest independent shareholder of Sylogist Ltd. (TSX: SYZ) (\"Sylogist\" or the \"Company\") owning approximately 15% of the Company's outstanding shares, today sent a formal letter to the Sylogist Board of Directors (the \"Board\") addressing the serious conflict of interest that has prevented a negotiated settlement.\nThe Board has publicly accused OneMove of being a \"moving target\" in settlement discussions. The reality is far simpler: the only reason a deal has not been reached is because David Barr of PenderFund Capital Management Ltd. (\"PenderFund\") and his hand-picked Board Chair, Errol Olsen, a PenderFund insider, have blocked it at every turn. OneMove has been told directly by the Board on numerous occasions that no settlement can proceed without PenderFund's approval. When one conflicted shareholder holds veto power over the Board's decisions, it is not an independent Board.In its letter, which can be found below and at www.abettersylogist.com, OneMove:Demands that Andrew Shen be immediately appointed Chair of the special committee to ensure the Company's engagement with shareholders represents the interests of all shareholders -- not just PenderFund.Demands that Errol Olsen recuse himself from all further settlement discussions and Board deliberations relating to the upcoming Annual and Special Meeting, given his irreconcilable conflict of interest as a PenderFund insider. Calls out the Company's continued underperformance under PenderFund's \"leadership.\" The entrenched and ...