Liberty Street Urges Fellow Shareholders to Put an End to Banro's Current Value Destruction
TORONTO, ONTARIO--(Marketwired - Jun 16, 2014) - Liberty Street Capital Corp. ("Liberty Street") today announced that they have filed an amended and restated proxy circular (the "Liberty Street Circular") updating certain information concerning the individuals Liberty Street is encouraging shareholders of Banro Corporation (the "Corporation", or "Banro") to elect to the Corporation's board of directors at the annual & special meeting of shareholders scheduled for June 27, 2014. Liberty Street is in the process of mailing to Banro shareholders a GREEN form of proxy, a letter to shareholders and the Liberty Street Circular. The Liberty Street Circular, together with the letter to shareholders, was filed today and is available for review under Banro's profile on SEDAR at www.sedar.com. A copy of the GREEN form of proxy is similarly available on SEDAR and was filed on June 11, 2014.
Liberty Street cites Banro's underperformance and governance deficiencies as primary reasons for board change and urges shareholders to vote for James R. Gillis, Michel Losembe, Scot Martin, Niral V. Merchant, Edwin Nordholm, Loudon F. McLean Owen, Imran R. Patel and Thomas John Pladsen, all highly qualified and experienced individuals, to be elected to a new, balanced and skilled Board.
| Attention Banro shareholders: |
| Regardless of how many Banro Shares you own, it is imperative you vote your GREEN proxy to put an end to the current Board's systematic loss in shareholder value. |
| THE TIME TO REBUILD BANRO IS NOW |
Even if shareholders have already voted using Management's form of proxy, shareholders can still change their vote by voting the GREEN proxy, as only the latest dated proxy will be counted at the meeting. Vote the GREEN Liberty Street proxy no later than 11:00 a.m. (Toronto time) on June 25, 2014.
About Liberty Street Capital Corp.
Liberty Street Capital Corp. is a privately held merchant bank focused on unlocking shareholder value. Liberty Street, its principals, and its affiliates have a significant track-record in creating and maximizing shareholder value. Liberty Street is based in Toronto, Canada and invests in Canada and various emerging markets.
For more information or assistance in voting your GREEN proxy, please contact CST Phoenix Advisors toll-free at 1-800-301-3998 or by email at inquiries@phoenixadvisorscst.com.