NEW YORK, Jan. 19 /CNW/ -- Mercer International Inc.
(Nasdaq: MERCS; TSX: MRI.U) ("Mercer") today announced that it intends to
adjourn its special meeting of shareholders scheduled to be held on January
20, 2006 relating to the proposed conversion of Mercer to a corporate form to
February 17, 2006. At a meeting of the Board of Trustees of Mercer held on
January 11, 2006 as part of the process the board utilizes to assess its
performance and to identify opportunities to strengthen its effectiveness, the
board considered certain changes to its corporate governance practices. The
reason for the adjournment of the special meeting is to permit shareholders to
consider amendments resulting from the board meeting to the Articles and
Bylaws of Mercer International Regco Inc., a wholly owned subsidiary and
successor to Mercer upon completion of the conversion, which eliminate the
provision for a classified board of directors so that directors shall hold
office for one-year terms.
A proxy statement/prospectus supplement to the proxy statement/prospectus
dated December 15, 2005 reflecting these amendments will be filed with the SEC
and will be available for free at the SEC's website at http://www.sec.gov
under Mercer International Regco Inc. and a copy of the proxy
statement/prospectus supplement will be delivered to shareholders. INVESTORS
SHOULD READ THE PROXY STATEMENT/PROSPECTUS SUPPLEMENT TOGETHER WITH THE PROXY
STATEMENT/PROSPECTUS DATED DECEMBER 15, 2005 BEFORE MAKING A DECISION
CONCERNING THE PROPOSED CONVERSION. The documents contain important
information that investors should consider.
Mercer International Inc. is a global pulp and paper manufacturing
company. To obtain further information on the company, please visit its web
site at http://www.mercerint.com/en/newsCurrent.cfm
The preceding includes forward looking statements which involve known and
unknown risks and uncertainties which may cause the Company's actual results
in future periods to differ materially from forecasted results. Among those
factors which could cause actual results to differ materially are the
following: market conditions, competition and other risk factors listed from
time to time in the company's SEC reports.
