Mercer International Inc. Announces Adjournment of Special Meeting to February 17, 2006
19 January 2006 - 11:30PM
PR Newswire (US)
NEW YORK, Jan. 19 /PRNewswire-FirstCall/ -- Mercer International
Inc. (Nasdaq: MERCS; TSX: MRI.U) ("Mercer") today announced that it
intends to adjourn its special meeting of shareholders scheduled to
be held on January 20, 2006 relating to the proposed conversion of
Mercer to a corporate form to February 17, 2006. At a meeting of
the Board of Trustees of Mercer held on January 11, 2006 as part of
the process the board utilizes to assess its performance and to
identify opportunities to strengthen its effectiveness, the board
considered certain changes to its corporate governance practices.
The reason for the adjournment of the special meeting is to permit
shareholders to consider amendments resulting from the board
meeting to the Articles and Bylaws of Mercer International Regco
Inc., a wholly owned subsidiary and successor to Mercer upon
completion of the conversion, which eliminate the provision for a
classified board of directors so that directors shall hold office
for one-year terms. A proxy statement/prospectus supplement to the
proxy statement/prospectus dated December 15, 2005 reflecting these
amendments will be filed with the SEC and will be available for
free at the SEC's website at http://www.sec.gov/ under Mercer
International Regco Inc. and a copy of the proxy
statement/prospectus supplement will be delivered to shareholders.
INVESTORS SHOULD READ THE PROXY STATEMENT/PROSPECTUS SUPPLEMENT
TOGETHER WITH THE PROXY STATEMENT/PROSPECTUS DATED DECEMBER 15,
2005 BEFORE MAKING A DECISION CONCERNING THE PROPOSED CONVERSION.
The documents contain important information that investors should
consider. Mercer International Inc. is a global pulp and paper
manufacturing company. To obtain further information on the
company, please visit its web site at
http://www.mercerint.com/en/newsCurrent.cfm The preceding includes
forward looking statements which involve known and unknown risks
and uncertainties which may cause the Company's actual results in
future periods to differ materially from forecasted results. Among
those factors which could cause actual results to differ materially
are the following: market conditions, competition and other risk
factors listed from time to time in the company's SEC reports.
DATASOURCE: Mercer International Inc. CONTACT: Jimmy S.H. Lee,
Chairman & President, or David M. Gandossi, Executive
Vice-President & Chief Financial Officer, both of Mercer
International Inc., +1-604-684-1099; or Investors: Eric Boyriven,
or Media: Alecia Pulman, both of Financial Dynamics,
+1-212-850-5600 Web site:
http://www.mercerint.com/en/newsCurrent.cfm
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