TORONTO, ONTARIO–(Marketwired – Jan. 28, 2015) – As support for the current board continues to grow, Aberdeen International Inc. (TSX:AAB) urges all shareholders to protect their investment by voting the BLUE proxy by 11:00am this Friday, January 30th to reject dissidents Ryan Morris and Nightscape Capital’s cashless takeover attempt.
“This isn’t a choice about individuals. This is a choice about two fundamentally different visions for the future of your investment,” said David Stein, CEO of Aberdeen International. “One, pushed by Ryan Morris and Nightscape Capital, is marked by a reckless, short-term plan for immediate value destruction through a fire sale. The other, presented by Aberdeen’s current board, will create long-term shareholder value in the midst of challenging market conditions.”
“A vote for Ryan Morris is not consequence free. Two independent proxy advisors have warned of the considerable risk and uncertainty he and Nightscape Capital represent. The only way to get the long-term results and accountability shareholders are looking for is with Aberdeen’s current experienced and accountable board,” Stein added.
CHANGE FOR LONG-TERM VALUE CREATION IS UNDERWAY AT ABERDEEN
The current experienced and accountable board has acted on the expressed interests of all shareholders. The board has taken a number of steps to ensure Aberdeen is able to weather the current market challenges and position the company for long-term success for years to come. The steps include:
Both ISS and Glass Lewis have endorsed the course of change underway at Aberdeen noting:
A VOTE FOR RYAN MORRIS IS NOT CONSEQUENCE FREE
While Ryan Morris and Nightscape Capital have resorted to mudslinging and outlandish accusations to scare shareholders to their way of ill-conceived thinking, Aberdeen is content to let the facts speak for themselves:
“Shareholders who are looking for change won’t get it with Ryan Morris. His track record shows they will just get unnecessary risk and a disruptive and destructive presence in their boardroom that will hijack the long-term success of their investment,” Stein concluded.
Aberdeen would like to thank all shareholders who have voted their BLUE proxy. If you have not yet voted, we encourage you to read our recent letter outlining the truth about Ryan’s plan to destroy long-term value. A copy of the letter can be found here: http://media3.marketwire.com/docs/AberdeenShareholderLetter.pdf
Shareholders are urged to vote their BLUE proxy in favour of Aberdeen’s current board of directors prior to the proxy cut-off at 11:00 a.m. (Toronto time) on January 30, 2015:
Proxy Voting Instructions
Regardless of how many shares you own it’s imperative that you vote your BLUE proxy:
1. AGAINST the first resolution to remove the current board
2. FOR Aberdeen’s seven highly qualified current board nominees
3. WITHHOLD votes from Ryan’s dissident slate of nominees
Make sure you vote well in advance of the proxy cut-off at 11:00 a.m. EST on January 30th, 2015 using the control number on the BLUE proxy or voting instruction form. Even if you have voted the Gold proxy, it is not too late. A later-dated BLUE proxy will replace any previously voted Gold proxy.
If you have any questions or need assistance in voting your BLUE proxy or voting instruction form, please contact Kingsdale Shareholder Services, at 1-866-851-9601 (toll-free in North America), or 416-867-2272 (collect calls accepted) outside North America or by email at email@example.com.
Aberdeen is a publicly traded global investment and merchant banking company focused on small cap companies in the resource sector. Aberdeen will seek to acquire significant equity participation in pre-IPO and/or early stage public resource companies with undeveloped or undervalued high-quality resources. Aberdeen will focus on companies that: (i) are in need of managerial, technical and financial resources to realize their full potential; (ii) are undervalued in foreign capital markets; and/or (iii) operate in jurisdictions with low to moderate local political risk. Aberdeen will seek to provide value-added managerial and board advisory services to companies.
For additional information, please visit our website at www.aberdeeninternational.ca and follow us on Facebook and Twitter: AberdeenAAB.
Except for statements of historical fact contained herein, the information in this press release constitutes “forward-looking information” within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as “plans”, “proposes”, “estimates”, “intends”, “expects”, “believes”, “may”, “will” and include without limitation, the implementation of the Company’s action plan, statements regarding the business activities of the Company and possible investment opportunities, the potential of certain investments, the ability of the Company to generate additional value for shareholders, past success as an indicator of future success. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, regulatory risks and other risks described in Aberdeen’s annual information form. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.Contact Information:
Kingsdale Shareholder Services
North American Toll Free: 1-866-851-9601
International Collect Call: 416-867-2272
Kingsdale Shareholder Services
Vice President, Communications
Direct: 416-867-2333 or Cell: 647-621-2646
Aberdeen International Inc.
Manager, Investor Relations
Aberdeen International Inc.
President and Chief Executive Officer