Transat A.T. Responds to Requisition and Sets Meeting Date

About this update from Transat A.t. Inc.

[{"type":"text","content":"\n\n\nTransat A.T. Responds to Requisition and Sets Meeting Date\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\nCanada NewsWire\n\n\nMONTREAL, Dec. 15, 2025 /CNW/ - Transat A.T. Inc. (\"Transat\" or the \"Corporation\") confirmed today that its board of directors (the \"Board\"), in response to the formal requisition (the \"Requisition\") made by shareholder Financière Outremont Inc. (the \"Requisitioning Shareholder\") requesting that the Corporation convene a special meeting of shareholders to vote on certain proposed changes to the Board, has called an annual and special meeting of the shareholders (the \"Meeting\") on March 10, 2026 (the \"Meeting Date\"). The Board recognizes the right of shareholders to propose changes and welcomes constructive engagement. The Meeting is being called in direct response to the Requisition, while also enabling the Corporation's regular annual business to proceed in an orderly and most efficient fashion.\nFollowing receipt of the Requisition, a special committee of the Board comprised exclusively of independent directors (the \"Special Committee\"), a majority of which are not targeted by the Requisition, reviewed and considered the Requisition with its professional advisors. After careful deliberation, with the interests of all shareholders of the Corporation in mind and on the advice of the Special Committee, the Board determined the Meeting Date based on several factors, including:\nThe meeting date requested by the Requisitioning Shareholder of February 6, 2026, would have required the Corporation to hold two meetings of the shareholders in short succession, addressing overlapping subject matters resulting in unnecessary duplication, cost, shareholder confusion and distraction.Holding the meeting earlier than March 10, 2026, would require the Corporation to divert substantial time and resources to preparing materials for the Meeting on an unduly compressed timeline, to the detriment of matters that are in the interests of all shareholders given the Corporation's ongoing operational and strategic priorities and not just the int...

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