Further Expands Full Ship Charters with New Trips on the Baltic Sea, Rhine River and a Danube Family Celebration Berkeley, CA – August 29, 2019 – Backroads, the leader in active travel, today announced new active Ocean and River Cruise departures in 2020-2021 to new destinations including the Chilean Patagonia Fjords and Alaska, along with existing Ocean Cruises in Antarctica, Galápagos, Japan and New Zealand. Backroads recently launched family trips for 20s & Beyond (trips for families with adult children) offering ten new active Ocean and River Cruises on Europe’s grandest waterways. These include the Baltic Sea, Rhine and Danube Rivers and a Venice to Croatia Ocean Cruise. Adventure together in the company of families in a similar life stage. The 20s & Beyond offering allows everyone to connect as adults or better yet as friends while exploring together and bonding. Following the highly successful 2016 debut of the Danube Full Ship Celebration, Backroads added Portugal’s Douro River Full Ship Celebration in 2019, which earned high ratings from guests. New in 2021, the company expands the category to include Full Ship Celebrations on the Baltic Sea and Rhine River. Additionally, Backroads is launching Full Ship Celebration charters just for families – with the entire ship comprised of families and activities tailored to distinct age categories, including a Danube Full Ship Celebration exclusive sailing for families with kids of all ages, departing June 21, 2021. “Our active ocean and river cruise segment continues to be a favorite among Backroads guests,” said Backroads Founder and President, Tom Hale. “When we first launched the category in 2015, I could never have dreamed that we’d be running trips on oceans and rivers across Europe, Japan, South America and even Antarctica. There’s something very special about traveling actively and living aboard a ship. We’re excited to be expanding with more Full Ship Celebration tours and even more offerings for families with kids of all ages.” The company was the first to work with a river cruise company to offer Biking, Walking & Hiking and Multi-Adventure trips as an active subset of the classic river cruise experience. Leveraging their coveted tried-and-true active trip model with full support, flexible route options, off-the-beaten path exploration, multiple Trip Leaders and support vans, and small group sizes of up to 30 guests, Backroads continues to be a leader in adventure travel whether on land, sea or river. Providing an even greater value-add, the company’s strong relationships with ship operators enables Backroads to offer guests price-inclusive premiere cabin assortments. Ocean and River Cruise Trips for 2020 and 2021 include:Alaska Ocean Cruise Multi-Adventure Tour | new in 2020 Antarctica Ocean Cruise Multi-Adventure Tour Baltic Sea Ocean Cruise Bike Tour Baltic Sea Ocean Cruise Full Ship Celebration Bike Tour | Family sailings also available | new in 2021 Chile Patagonia & Fjords Cruise Walking & Hiking Tour Danube River Cruise Bike Tour | Family sailings also available Danube River Cruise Full Ship Celebration Bike Tour | Family sailings also available including an exclusive departure in 2021 for families with kids of all ages Galápagos Ocean Cruise Multi-Adventure Tour | Family sailings also available Iceland Ocean Cruise Multi-Adventure Tour | Family sailings also available | new in 2020 Japan Ocean Cruise Walking & Hiking Tour New Zealand Ocean Cruise Multi-Adventure Tour Portugal’s Douro River Cruise Bike Tour | Family sailings also available Portugal’s Douro River Cruise Full Ship Celebration Bike Tour | Family sailings also available Rhine River Cruise Bike Tour | Family sailings also available Rhine River Cruise Full Ship Celebration Bike Tour | Family sailings also available (new in 2021) Seine River Cruise Bike Tour | Family sailings also available—new in 2020 Venice to Croatia Ocean Cruise Bike Tour | Family sailings also available More information on all of Backroads 2020 and 2021 Ocean and River Cruise Tours at www.backroads.com. About BackroadsBackroads was founded in 1979 by Tom Hale and has been a leading innovator in active and adventure travel for over 40 years. The company hosts thousands of guests each year, 75% of whom are repeat guests or referrals from past guests, in hundreds of locations across the globe. Backroads is a founding member of the Adventure Collection. For more information, please visit backroads.com. Or call 800-462-2848 daily, 6 a.m. to 6 p.m., Pacific time.
HALIFAX — A dissident group of shareholders seeking three seats on the Sherritt International board of directors believes chief executive David Pathe needs to be replaced.The dissidents led by investment firm Clarke Inc. say costs are up and the share price has fallen since Pathe took the helm of the mining company at the beginning of 2012.Dustin Haw, vice-president investments at Clarke, said the dissident group would recommend the board form a committee to find a new chief executive immediately.“A CEO with mining and operations experience and capital allocation expertise,” Haw told a conference call with investors Monday during which he pitched the group’s case for change at Sherritt.If the Clarke-led group, which holds a 5.4% stake in Sherritt, is successful, it would control three of the nine seats on the board.Haw said Sherritt needs to improve how it decides where to invest.“The best opportunities for the company right now are debt reduction, reinvestment in the current asset base and share repurchases,” he said.“We would recommend that the board undertake a thorough review of all procurement practices, capital spending practices and review the business divisions to determine why costs are increasing so rapidly and how to curb them.”The dissident group also filed a complaint with the Ontario Securities Commission seeking an investigation into allegations the company was misleading shareholders about the its director nominees.Sherritt’s information circular and proxy voting card include different names than those put forth by the dissident group. The dissident group said the error could affect the “quality and integrity” of the shareholder vote.The dissident nominees include Clarke chief executive George Armoyan, David Wood, chief financial officer of the Municipal Group of Companies, and Astor Group chief executive Ashwath Mehra, who is also the former chief executive of MRI Trading AG and senior partner for the nickel and cobalt businesses at Glencore International AG.In addition to seats on the Sherritt board, the group wants to amend the company’s bylaws to require unanimous board support for any major acquisition and changes to how both Sherritt directors and executives are paid, as well as some additional perks it says they receive.Sherritt has said the Clarke nominees and the dissidents’ other proposals threaten good governance at the mining company. The company warned shareholders in a letter last week to be wary of Armoyan and his attempt to join the company’s board of directors along with the two other nominees.“Mr. Armoyan has a history of forcing his way onto boards of companies whose business he does not understand, with terrible results,” Sherritt chairman Hap Stephen wrote.Last week, proxy advisory firms ISS and Glass Lewis recommended shareholders support the management nominees for the board.Glass Lewis also recommended shareholders support management in its fight against all of the dissidents other proposals to be voted on at Sherritt’s annual meeting.However, ISS said shareholders should back a dissident motion to stop “special payments to directors that are not aligned with shareholder value.”Sherritt’s (TSX:S) annual meeting is set for May 6 in Toronto.