Pentwater Responds to Turquoise Hill's Postponement of Annual General and Special Meeting (TSX:TRQ) (NYSE:TRQ)
Turquoise Hill Resources Ltd. Ordinary Shares (TRQ)
US:NYSE Investor Relations:
turquoisehill.com/s/investors.asp
Company Research
Source: GlobeNewswire
NAPLES, Fla., April 28, 2020 (GLOBE NEWSWIRE) -- Pentwater Capital Management LP ("Pentwater"), a long-term supportive investor and the largest minority shareholder of Turquoise Hill Resources Ltd. ("Turquoise Hill" or the "Company") (TSX:TRQ) (NYSE:TRQ), owning, together with its affiliates and associates, approximately 9.09% of the Company's issued and outstanding common shares, today responded to Turquoise Hill’s April 27, 2020 press release. Yesterday morning, without advance notice to Pentwater, Turquoise Hill unilaterally postponed the upcoming annual general and special meeting of shareholders at which Pentwater is proposing resolutions that would significantly enhance minority shareholder rights. Pentwater is surprised and disappointed by the indefinite postponement, particularly given that Pentwater and Turquoise Hill had as of the end of last week agreed on a meeting protocol and ancillary documents that would have allowed Turquoise Hill to hold the meeting virtually on M
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