Brief: Sententia Capital Delivers Letter To Schmitt's Board Of Directors Announcing Board Nominees

Schmitt Industries

22/08/2018 19:24

Aug 22 (Reuters) - SENTENTIA CAPITAL MANAGEMENT:
    * SENTENTIA CAPITAL DELIVERS LETTER TO SCHMITT'S BOARD OF
DIRECTORS ANNOUNCING BOARD NOMINEES
    * SENTENTIA CAPITAL MANAGEMENT- HAS OWNERSHIP OF
APPROXIMATELY
7.5% OF OUTSTANDING SHARES OF SCHMITT INDUSTRIES
    * SENTENTIA CAPITAL MANAGEMENT LLC SAYS BELIEVES SCHMITT IS
SIGNIFICANTLY UNDERVALUED AND THERE ARE CLEAR OPPORTUNITIES TO
INCREASE SHAREHOLDER VALUE
    * SENTENTIA CAPITAL MANAGEMENT SAYS URGES SCHMITT'S BOARD TO
MAKE
CHANGES INCLUDING EVALUATION OF ALL STRATEGIC ALTERNATIVES
    * SENTENTIA CAPITAL MANAGEMENT - FORMALLY NOMINATED TWO
CANDIDATES
FOR ELECTION TO BOARD AT SCHMITT'S 2018 ANNUAL MEETING

Source text for Eikon:  urn:newsml:reuters.com:*:nPnb7v689a
Further company coverage:  SMIT.O 

 ((Reuters.Briefs@thomsonreuters.com;))