An anonymous representative of
Plantro reports
PLANTRO NOMINATES THREE HIGHLY QUALIFIED INDIVIDUALS FOR ELECTION TO THE BOARD OF AG GROWTH INTERNATIONAL INC.
Plantro Ltd. has submitted notice, pursuant to the advance notice requirements of Ag Growth International Inc., that it will nominate three highly qualified individuals for election to the board of directors of the company in connection with the coming annual and special meeting of Ag Growth shareholders. Plantro intends to provide additional information regarding its nominees in due course and is not soliciting proxies for the annual meeting at this time.
Plantro repeats its call that the board commence a formal strategic review and sale process of the company, having concluded that a near-term sale is the most certain path to maximizing shareholder value, and further urges chair Dan Halyk and the board to establish a special committee, chaired by one of Plantro's nominees (who are independent of current management), to oversee such sale process free from gamesmanship and the interference of the chair and certain directors.
Plantro also intends to introduce a shareholder resolution at the annual meeting to instruct the board to run a process to sell the company.
We seek Safe Harbor.
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