ST. JOHN'S, NL, Jan. 29, 2014 /CNW/ - Today Rutter Inc. ("Rutter") (TSX: RUT) announced it will delay its next annual meeting which was scheduled for February 28, 2014. As a result of the proposed take-over bid by an insider group, which the Company announced on January 7, 2014, the Toronto Stock Exchange confirmed that it does not object to the Company delaying the date of its annual meeting to on or before May 31, 2014. The Company will provide notice of the date of the annual meeting as soon as possible and in accordance with regulatory requirements.
About Rutter Inc. - Rutter is an enterprise focused on providing innovative technologies and engineering solutions. Rutter's global network supplies technologies to improve efficiency and safety in the marine, defense, transportation, oil and gas sectors from its headquarters in the Province of Newfoundland and Labrador. For more information see www.rutter.ca.
About OceanWaveS GmbH - OceanWaveS, a wholly owned subsidiary of Rutter Inc., is an enterprise focused on technology development for the real time measurement of directional ocean wave spectra. For more information see www.oceanwaves.org.
This press release may contain forward-looking statements that involve risks and uncertainties. These statements reflect current expectations and are subject to a number of risks and uncertainties including but not limited to, change in technology and general market conditions. Due to the many risks and uncertainties, Rutter Inc. cannot assure that forward-looking statements that may be contained in this press release will be realized.
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
SOURCE: Rutter Inc.
For further information:
Karen Snook, Chief Financial Officer and Corporate Secretary, Rutter Inc. +1 709 576 6666