Business
Transat A.T. Inc.'s Board of Directors is once again seeking to postpone its obligations to give shareholders a voice in making important decisions that would ensure the Company's long-term viability
Pierre Karl Péladeau, on behalf of Financière Outremont Inc. ("Financière Outremont"), holding nearly 10% of the shares of Transat A.T. Inc. ("Transat" or the "Company"), acknowledges the response published by the Company, following its request to hold a special meeting of shareholders, in order to make changes to the Board of Directors aimed at ensuring the future of the Company and building a stronger and more prosperous Transat.
About this update from Transat A.t. Inc.
[{"type":"text","content":"MONTREAL, Dec. 15, 2025 /CNW/ - Pierre Karl Péladeau, on behalf of Financière Outremont Inc. ("Financière Outremont"), holding nearly 10% of the shares of Transat A.T. Inc. ("Transat" or the "Company"), acknowledges the response published by the Company, following its request to hold a special meeting of shareholders, in order to make changes to the Board of Directors aimed at ensuring the future of the Company and building a stronger and more prosperous Transat.","length":497,"tagName":"p"},{"type":"text","content":""We are obviously disappointed but not necessarily surprised to see the lack of sense of urgency among the members of the Board of Directors. We are convinced that it is essential to revitalize the Board of Directors and recapitalize Transat's broken balance sheet to enable it to be a leading carrier, for the benefit of all shareholders and stakeholders. We look forward to working towards this goal," stated Pierre Karl Péladeau, on behalf of Financière Outremont Inc.","length":485,"tagName":"p"},{"type":"text","content":""The takeover accusations perpetrated by the Company are categorically false. In fact, it is yet another attempt to dodge the company's real problems and distract stakeholders from guiding it to a successful outcome. This is just another predictable and uninspired rhetoric from the Company, which simply ignores the fact that the improvements we are proposing to the Board of Directors—with three (3) new members out of a total of six (6)—are necessary to ensure the addition of expertise in corporate restructuring and value creation. There is no reason why we cannot achieve with Transat what we were able to achieve with Videotron, making it a financial success for shareholders and a success for customers in terms of customer service, while introducing innovative elements, all with the help of Transat employees," adds Pierre Karl Péladeau.","length":861,"tagName":"p"},{"type":"text","content":"It is urgent that this Board be renewed and that directors with a genuine vested interest in the Company's financial and economic success take their place, as the current members have unfortunately proven incapable, for several years, of turning the Company around or injecting the new capital needed to invest in growth projects. The unfortunate and chao...