Nutrien Expects Solid Demand for Spring Season and Announces Virtual Annual Meeting of Shareholders
March 30 2020 - 04:56PM
Business Wire
Nutrien Ltd. (Nutrien) (NYSE, TSX: NTR) today announced that it
continues to expect solid demand for crop inputs for the coming
spring season and that its facilities continue to operate given its
business is deemed an essential service by governments. Nutrien
also announced that its annual meeting of shareholders will be held
on Wednesday, May 6, 2020 at 5:30 p.m. (Eastern time). This year,
to proactively deal with the public health impact of COVID-19,
Nutrien will hold the meeting in a virtual only format via live
online webcast.
“Nutrien continues to expect solid demand for crop inputs for
the spring season, despite some recent wet weather in the US, which
has caused modest delays in field activity in some regions of the
country. Our business is deemed essential by governments around the
world, which underscores the criticality of the agriculture sector.
Our facilities have continued to operate, under enhanced safety
protocols, in order to ensure growers globally have the products
and solutions they need to maximize crop production. Nutrien has a
strong balance sheet, stable dividend and ample access to liquidity
as we enter our peak period of demand,” commented Chuck Magro,
Nutrien’s President and CEO.
Registered shareholders and duly appointed proxyholders will be
able to attend, submit questions and vote at Nutrien’s annual
meeting online at https://web.lumiagm.com/176182151. Non-registered
(beneficial) shareholders who have not duly appointed themselves as
proxyholder will be able to attend the meeting as guests, but
guests will not be able to vote or submit questions at the
meeting.
The vast majority of Nutrien’s shareholders vote in advance of
the meeting by proxy using the various available voting channels,
and these voting channels will continue to be available. Nutrien
encourages shareholders to continue to vote in advance of the
meeting by proxy.
Detailed instructions about how to participate at the meeting
online and a description of the items of business to be considered
at the meeting can be found in the notice of meeting and
accompanying management proxy circular. In particular, shareholders
who wish to appoint a third party as their proxyholder (including
non-registered (beneficial) shareholders who wish to appoint
themselves as proxyholder) are asked to carefully follow the
instructions in the management proxy circular, which include the
additional step of registering such proxyholder with Nutrien’s
transfer agent. This year Nutrien is using “notice and access” to
deliver its meeting materials and, as a result, the notice of
meeting and accompanying management proxy circular are accessible
on Nutrien’s website at www.nutrien.com/investors/notice-and-access
and under Nutrien’s profile on SEDAR at www.sedar.com and on EDGAR
at www.sec.gov.
If you have any questions or need assistance to vote, please
contact Nutrien’s strategic shareholder advisor and proxy
solicitation agent, Kingsdale Advisors, by toll-free telephone in
North America at 1-866-581-0507 or collect call at 1-416-867-2272
outside North America, or by email at
contactus@kingsdaleadvisors.com.
About Nutrien
Nutrien is the world's largest provider of crop inputs and
services, playing a critical role in helping growers increase food
production in a sustainable manner. We produce and distribute 25
million tonnes of potash, nitrogen and phosphate products
world-wide. With this capability and our leading agriculture retail
network, we are well positioned to supply the needs of our
customers. We operate with a long-term view and are committed to
working with our stakeholders as we address our economic,
environmental and social priorities. The scale and diversity of our
integrated portfolio provides a stable earnings base, multiple
avenues for growth and the opportunity to return capital to
shareholders.
Forward-Looking Statements
Certain statements and other information included in this press
release constitute "forward-looking information" or
"forward-looking statements" (collectively, "forward-looking
statements") under applicable securities laws (such statements are
usually accompanied by words such as "anticipate", "expect",
"believe", "may", "will", "should", "estimate", "intend" or other
similar words). All statements in this press release, other than
those relating to historical information or current conditions, are
forward-looking statements, including, but not limited to,
anticipated demand for our products and services, continued
operation of our facilities and designation of our business as an
essential service by governments, continued strength of our balance
sheet, stability of our dividend and access to liquidity, and the
date of the annual meeting.
All of the forward‐looking statements in this press release are
based on certain key expectations and assumptions made by Nutrien.
Although Nutrien believes that the expectations and assumptions on
which such forward‐looking statements are based are reasonable,
undue reliance should not be placed on the forward‐looking
statements because Nutrien can give no assurance that they will
prove to be correct. Certain key assumptions that have been made
include, among other things, assumptions that future business,
regulatory and industry conditions will be within the parameters
expected by us, assumptions with respect to global economic
conditions and the accuracy of our market outlook expectations for
2020 and in the future; the adequacy of our cash generated from
operations and our ability to access our credit facilities or
capital markets for additional sources of financing.
Events or circumstances that could cause actual results to
differ materially from those in the forward-looking statements
include, but are not limited to: general global economic, market
and business conditions; the impact of extraordinary external
events, such as the current pandemic health event resulting from
the novel 2019 coronavirus disease (COVID-19), and their collateral
consequences, including extended disruption of economic activity in
our markets; and other risk factors detailed from time to time in
Nutrien reports filed with the Canadian securities regulators and
the Securities and Exchange Commission in the United States.
Nutrien disclaims any intention or obligation to update or
revise any forward-looking statements in this press release as a
result of new information or future events, except as may be
required under applicable U.S. federal securities laws or
applicable Canadian securities legislation or applicable U.S.
federal securities laws.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200330005735/en/
Investor and Media Relations: Richard Downey Vice
President, Investor Relations (403) 225-7357
Investor Relations: Tim Mizuno Senior Manager, Investor
Relations (306) 933-8548
Contact us at: www.nutrien.com
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