Navigation Links
Investor Group Reconfigures Proposed Slate of Replacement Directors for Trinity Biotech
Date:12/8/2008

KANSAS CITY, Mo., Dec. 8 /PRNewswire/ -- An investor group in Trinity Biotech plc (Nasdaq: TRIB), an Irish based developer and manufacturer of diagnostic products, has reconfigured the slate of replacement directors it will propose for election at a special meeting of the company's shareholders that the group is seeking to have convened. Tom Reidy, speaking on behalf of the group, announced that Robert S. Winter, the founding managing member of daVinci Capital Group, would replace Steven Mock on its slate of proposed directors.

In October, the investor group, who all hold company American Depository Receipts ("ADRs"), demanded that the Board call a special meeting of company shareholders to consider the removal of the current directors. The investor group also demanded that company shareholders be granted an opportunity to vote on a slate of replacement directors. At that time, the proposed slate consisted of:

    -- Dr. Jack C. Chow, M.D., M.B.A.-Partner, CRV Capital, LLC and adjunct
       professor at Carnegie Mellon University's Heinz School of Public Policy
       and Management;
    -- Mr. Mike Gausling-Managing Partner, Originate Ventures;
    -- Dr. John H. Halsey, Ph.D.-Chief Executive Officer, Director, Founder,
       ProGene Biomedical, Inc. (dba IBT Laboratories);
    -- Mr. Steven A. Mock, CPA-Partner, BKD, LLP;
    -- Mr. Thomas Reidy; and
    -- Mr. Clint Severson, Chairman, President, and CEO, ABAXIS Corporation.

The current directors responded by refusing to honor these demands based on the board's determination that under Irish law only the ordinary share into which the ADRs can be converted, but not the ADRs themselves, have the authority to call for the convening of a special meeting. The current directors also refused to take alternative steps proposed by the investor group to convene the special meeting.

Following these refusals, the investor group initiated a campaign for conversion of company ADRs into ordinary shares to bring about the special meeting. This campaign is continuing.

Commenting on the group's ongoing campaign for conversion of Trinity Biotech ADRs to company ordinary shares, Tom Reidy stated that, "The current Board decision forcing shareholders to convert their ADRs to bring about a special meeting of shareholders has been met with considerable outrage and a wide-spread call to action. Despite the cost and inconvenience involved in this process, we are pleased with the number of shareholders who are stepping forward to take this important action to impose accountability on company management. Like us, they have come to the conclusion that a board controlled by independent directors is essential to an increase in company share value. We anticipate reporting very soon that our collective efforts will have brought about an opportunity to finally vote and be heard."

Speaking on Mr. Winter's qualifications to serve on the Trinity Biotech board, Mr. Reidy stated, "Robert's understanding of the medical device markets, especially of an international nature, brings important transactional expertise to the team. His background in capital formation and investment strategy, together with his extensive record in devising new and unique partnership opportunities, make Robert an important addition to our independent team."

Tom Reidy, 816-260-8476, tjreidy3@hotmail.com


'/>"/>
SOURCE KC Investor Group
Copyright©2008 PR Newswire.
All rights reserved

Related biology technology :

1. Strategic Diagnostics to Present at Two Upcoming Investor Conferences
2. DuPont Leaders Brief Investors on Agriculture Businesses
3. Kendle Marks 10th Anniversary as Public Company With NASDAQ Opening Bell Ceremony and Investor Day Event
4. Thermo Fisher Scientific to Present at Investor Conferences
5. Modigene to Present at the Roth 2007 New York Investor Conference
6. AspenBio Pharma to Present at the Roth Capital Partners New York Investor Conference
7. Human Genome Sciences Invites Investors to Listen to Webcast of Presentation at Thomas Weisel Partners Conference
8. Human Genome Sciences Invites Investors to Listen to Webcast of Presentation at BioCentury-Thomson Financial Investment Conference
9. Suntech to Attend Upcoming Investor Conferences and Industry Events
10. Osteotech to Present at Roth Capital Partners 2007 New York Investor Conference
11. American Oriental Bioengineering Announces Participation in September Investor Conferences
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/19/2017)... ... September 19, 2017 , ... A best-selling ... early-stage tech companies. “Grit” author Angela Duckworth and her team at Character Lab ... is Cooley, an international law firm with decades of experience supporting high-growth companies ...
(Date:9/19/2017)... ValGenesis Inc., the global leader in Enterprise ... the strategic partnership with VTI Life Sciences (VTI). This ... using the latest technology available in the ValGenesis VLMS ... efficient and cost-effective validation services using ValGenesis VLMS. VTI ... VLMS system. The ...
(Date:9/19/2017)... ... September 19, 2017 , ... Band-LOK, LLC, an orthopedic medical ... two new patents have been allowed by the USPTO on the proprietary Tether ... continue to explore additional clinically-relevant designs for both the implants and the instrumentation. ...
(Date:9/18/2017)... (PRWEB) , ... September 18, 2017 , ... ... innovation and business process optimization firm for the life sciences and healthcare industries, ... ServiceMax Maximize 2017 conference. , What: Digital Transformation in Medical Device – The ...
Breaking Biology Technology:
(Date:4/17/2017)... , April 17, 2017 NXT-ID, Inc. (NASDAQ: ... announces the filing of its 2016 Annual Report on Form 10-K ... Commission. ... 10-K is available in the Investor Relations section of the Company,s ... the SEC,s website at http://www.sec.gov . 2016 Year ...
(Date:4/11/2017)... 11, 2017 No two people are ... the New York University Tandon School of Engineering ... found that partial similarities between prints are common ... mobile phones and other electronic devices can be ... vulnerability lies in the fact that fingerprint-based authentication ...
(Date:4/5/2017)... , April 4, 2017 KEY FINDINGS ... to expand at a CAGR of 25.76% during the ... is the primary factor for the growth of the ... https://www.reportbuyer.com/product/4807905/ MARKET INSIGHTS The global stem ... technology, application, and geography. The stem cell market of ...
Breaking Biology News(10 mins):