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Request for immediate action by the Board of directors of Transat A.T. inc. (TSX: TRZ) to prevent further destruction of shareholder value
Request for immediate action by the Board of directors of Transat A.T. inc. (TSX: TRZ) to prevent...
About this update from Transat A.t. Inc.
[{"type":"text","content":"Request for immediate action by the Board of directors of Transat A.T. inc. (TSX: TRZ) to prevent further destruction of shareholder value\n\n\nRequest for immediate action by the Board of directors of Transat A.T. inc. (TSX: TRZ) to prevent further destruction of shareholder value\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\nFinancière Outremont inc., a major shareholder of Transat A.T. Inc. held by Pierre Karl Péladeau has requisitioned a special meeting of shareholders to effect Board changes to position Transat for significant changes to secure the company's future and build a stronger, recapitalized and thriving Transat \nFull Presentation Available Shortly at: transataction.ca \nMONTREAL, Dec. 1, 2025 /CNW/ - Financière Outremont Inc. (\"Financière Outremont\"), an investment company held by Mr. Pierre Karl Péladeau, the second largest shareholder with an investment representing approximately a 9.5% economic and voting interest in Transat A.T. Inc. (\"Transat\" or the \"Company\"), announces that it has requisitioned a special meeting of shareholders of the Company under applicable corporate law. The requisition calls for the Board to be reduced to six directors, including the election of three highly qualified nominees with a track record of value creation. Financière Outremont has requested that the Company hold the meeting as soon as practicable, and in any case by no later than February 6, 2026, and that it not undertake or approve any material transaction until the meeting has been held and shareholders have had an opportunity to express their views on Company's Board of Directors and its future direction.\nThe requisition follows our repeated efforts to engage privately and constructively with the Board on proposed solutions to improve Transat. Most recently, we sent a letter to the Board on November 17, 2025, and further communication since. We outlined Transat's severe underperformance and proposed critical steps that the Company should undertake to reverse course...