Brief: Lancer Capital - Requested And Are Awaiting Waiver Of Share Purchase Limitations Contained In Innovate Corp's Tax Benefits Preservation Plan

Innovate

20/05/2022 14:37

May 20 (Reuters) - Innovate Corp  VATE.N :
    * LANCER CAPITAL LLC - REQUESTED AND ARE AWAITING WAIVER OF
SHARE
PURCHASE LIMITATIONS CONTAINED IN INNOVATE CORP'S TAX BENEFITS
PRESERVATION PLAN
    * LANCER CAPITAL LLC- REQUESTED, AWAITING FOR APPROVAL FROM
INNOVATE'S BOARD TO PURCHASE UP TO 3.3 MILLION COMMON SHARES
FROM EXISTING SHAREHOLDERS
    * LANCER CAPITAL LLC- INTEND TO VOTE AGAINST ELECTION OF
EACH OF
MICHAEL GORZYNSKI, SHELLY C. LOMBARD, AND KENNETH S. COURTIS AS
DIRECTORS OF INNOVATE
    * LANCER CAPITAL LLC- MAY ENGAGE IN DISCUSSIONS WITH
INNOVATE CORP
REGARDING POTENTIAL CHANGES IN COMPOSITION OF INNOVATE’S BOARD
OF DIRECTORS


Further company coverage:  VATE.N 

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